Sidus Space Continues to Add Contracts for Data Collected by LizzieSatTM Satellites Ahead of Planned Launch
03 Novembro 2023 - 9:01AM
Business Wire
Data delivery expected to begin 30 days after
planned Q1 2024 launch
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
it has signed an additional agreement to sell the data that it
expects to collect with its LizzieSatTM satellites.
Sidus, through its LizzieSat satellites, is expecting to collect
data through multiple onboard sensors and receivers. These sensors
and receivers include hyperspectral, multispectral, AIS, optical
and other sensors which will provide data relevant to multiple
industries and sectors. LizzieSat is designed for coincident data
collection via these multiple sensors. In addition to raw data, by
applying the Company’s onboard FeatherEdge AI, near real-time,
actionable intelligence will be available to our customers.
Delivery of data is expected to begin 30 days after deployment of
LizzieSat which is manifested to launch with SpaceX in the first
quarter of 2024.
“As we look to build our LizzieSat constellation over the next
several years, we have focused our sales teams on securing
additional contracts for our Low Earth Orbit data. While we are
often prohibited from releasing the details of our client
agreements, we plan to continue to update our shareholders on our
progress as we build the new revenue streams that will result from
the launch of our LizzieSat constellation,” said Carol Craig,
Sidus’ CEO and Founder. “Data-as-a-Service is expected to provide
some of the highest margins of our revenue streams, which also
include technology hosting aboard our LizzieSats and
mission-critical hardware manufacturing. We expect this agreement
to be one of many opportunities to sell the data collected by our
growing constellation.”
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a Space and Data-as-a-Service
satellite company focused on mission-critical hardware
manufacturing; multi-disciplinary engineering services; satellite
design, production, launch planning, mission operations; and
in-orbit support. The Company is located in Cape Canaveral,
Florida, where it operates from a 35,000-square-foot manufacturing,
assembly, integration, and testing facility focused on vertically
integrated Space-as-a-Service solutions including end-to-end
satellite support.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. Any corporation, industry, or
vertical can start their journey off-planet with Sidus Space’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
“Satellite-as-a-Service” provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus Space is
ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
‘forward-looking statements’ within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words ‘anticipate,’ ‘believe,’
‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’
‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’
‘would’ and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and other factors
described more fully in the section entitled ‘Risk Factors’ in
Sidus Space’s Annual Report on Form 10-K for the year ended
December 31, 2022, and other periodic reports filed with the
Securities and Exchange Commission. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and Sidus Space, Inc. specifically disclaims any obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231103738022/en/
Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
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