Sidus Space Announces Technology Hosting Payload Contract with ASPINA for LizzieSat™ Mission
January 16 2024 - 7:30AM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
it has secured an agreement with ASPINA, a Japanese technology
company, for technology hosting onboard the Company’s upcoming
LizzieSat™ mission, currently scheduled for launch with SpaceX in
the second quarter of 2025.
As per the agreement's terms, Sidus will host a payload mission
in collaboration with ASPINA to demonstrate their reaction wheel in
orbit. Reaction wheels are crucial for controlling the attitude of
small satellite constellations without the need for rockets or
external torque applications, making them a cost-effective solution
for micro and small satellites. ASPINA is currently scaling up the
production of reaction wheels to meet the growing demands of the
small satellite sector.
“We are proud that ASPINA chose Sidus to host their payload as
they develop essential technology for the expanding space and
satellite industries,” said Carol Craig, CEO and Founder of
Sidus.
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.
About ASPINA
ASPINA is a group of technology companies who are global leaders
in hardware and software development and manufacturing. Originally
founded in 1918 in Nagano, Japan as a silk spinning manufacturer,
ASPINA has grown and evolved many times over the years yet
maintained its reputation for excellence in quality and customer
satisfaction as a manufacturer throughout its history. In the
current era, ASPINA produces and delivers millions of actuator
modules and assemblies a month from its four factories serving the
automotive, medical, robotics, industrial, home appliance, and soon
to be space sectors.
Under our mission “Shaping the hopes for tomorrow and providing
comfort to the world’s people”, ASPINA has been supplying a wide
range of solutions that fulfill the needs of customers around the
world and has established a global network that extends from
research and development to all steps along the supply chain,
including sales and marketing, product design, and the production
and delivery of products and services.
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/20240116195937/en/
Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
Space Products and Development Chris Jones ASPINA
us.info@aspina-group.com
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