Mr. Thomas Baxter added to Board of Directors
Former Price Waterhouse Executive

SAN DIEGO, CA - October 11, 2006 - Space Micro announced today that Mr. Thomas Baxter has joined the Space Micro team serving on the Board of Directors. With over thirty years of accounting and finance experience, his contributions will help promote financial growth and development of the company.

Tom Baxter joined Price Waterhouse in Los Angeles immediately upon receiving his MBA degree from UCLA in 1967. He remained with PricewaterhouseCoopers LLP until his retirement in 2005. In the period from 1979 to 1993, Tom served as engagement partner on a diverse population of San Diego high tech (aerospace and defense, life science, software, etc.) clients. He was instrumental in securing new clients such as Qualcomm and Callaway Golf. Tom also provided expert witness testimony and arbitration services in connection with various business disputes. Upon repatriation in 1996, Tom relocated to Denver where he served as engagement partner on a variety of clients including Ball Corporation, CoorsTek, Graphic Packaging International, StorageTek and Titanium Metals. He retired from Pricewaterhouse Coopers (mandatory at age 60) in 2005. Throughout his career Tom has been a high-energy partner who has taken the lead on in-house training and outside speaking on business issues, such as implementation of Sarbanes-Oxley Section 404 and Public Company Accounting Oversight Board. He was a founding sponsor of the Denver Chapter of National Association of Corporate Directors and its predecessor, The Directors Guild.

"Space Micro is pleased to add Mr. Baxter to the team as our company rapidly grows and has increased need for financial advice and alternatives" said David J. Strobel, CEO and Chairman of the Board of Space Micro".

About Space Micro Inc.

Founded in 2002 as a satellite technology research and development company, Space Micro Inc. is a leader in taking technologies from the commercial sector and applying these to meet the needs of the Space, Aerospace, Military, and Domestic Security markets. Space Micro is a pioneer in providing radiation-hardened by design solutions for advanced electronic systems and microelectronics, including the development of the world"s fastest small space computers such as the Proton200k™. Other Space Micro innovations include the Proton300K™; TTMR™; H-CORE™ and Radsite™. Space Micro is an employee-owned company based in San Diego, CA, USA.

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