Dec. 4 (UPI) -- The Center for Advancement of Science in Space will continue to manage the International Space Station National Laboratory for at least another five years, CASIS announced on Thursday.

CASIS has managed the ISS National Lab since 2011, after Congress created it to enable researchers to build a "robust market" in low Earth orbit by leveraging the unique environment that exists in space, CASIS officials said in a news release.

"For nearly 14 years, NASA has entrusted CASIS with managing this incredible asset for our nation and for the benefit of humanity," said Ramon Lugo, principal investigator and chief executive officer of CASIS.

"We will continue to work in collaboration, pushing the limits of space-based research and development for the benefit of life on Earth while driving a robust and sustainable market economy in space," Lugo added.

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