Grant Anderson Named President and CEO of Paragon Space Development Corporation

TUCSON, AZ – November 3, 2014 – Just prior to the record-breaking, near space dive by the Paragon StratEx team and Google Executive, Alan Eustace, Paragon’s Board of Directors announced that Jane Poynter and Taber MacCallum had resigned from their positions as President and CEO in order to become leaders of World View Enterprises, a space tourism vanguard opportunity incubated within Paragon.

Grant Anderson, former Paragon COO, has since been named Paragon’s new President and CEO while Ron Sable, a member of the Paragon Board of Directors, was elected Chairman of the Paragon Board.

“We are thankful for Jane and Taber’s leadership over the past 21 years as Paragon has grown to be a premier supplier of life support systems and technology and achieved great technical advancements and industry firsts,” said Mr. Sable. “We wish them both the best success in building this ground-breaking new company.”

“I am excited for the future of Paragon and honored to be leading such a first-class team of professionals.” Mr. Anderson stated, “Paragon will continue aligning its strategic goals of being the premier supplier of life support and thermal technologies with growing revenues and advancing new technologies.”

Mr. Anderson will report to Paragon’s Board of Directors and will be responsible for the organization’s management, operations, and infrastructure.

In departing, Mr. MacCallum stated, “I am proud of all of Paragon’s accomplishments over the last two decades as we have transformed from a small research and development company to a pillar in the space community known for its valuable expertise and production of environmental control and life support systems. I am sincerely grateful for the support Jane and I have received from the Paragon Board of Directors, our customers and our employees. Paragon is well positioned and on a clear path to continued success.”