Sidus Space Establishes Two-Way Communications with State-of-the-Art Hybrid 3D-Printed LS-1 Satellite
March 20 2024 - 7:30AM
Business Wire
Sidus Space, Inc. (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service satellite company, today
announced it established two-way communications with its
state-of-the-art 3D-printed satellite, LizzieSat™, focused on earth
observation and remote sensing solutions powered by Geospatial
Artificial Intelligence (Geo-AI).
Utilizing a state-of-the-art production process, Sidus’ hybrid,
3D-printed LizzieSat uses Markforged’s flame-retardant Onyx FR-A
material to produce the bus structure with metal-like strength,
while also reducing cost, weight, and production time. Once full
production cadence is achieved, the expected time to manufacture
the satellites is 45 days and includes printing and assembly.
Following on the successful launch and deployment of its first
LizzieSat earlier this year, Sidus has two additional LizzieSats
manifested for launch before the end of the year.
“Sidus’ cutting edge, state-of-the-art LizzieSats are at the
core of our high-margin Data-as-a-Service business model,” said
Carol Craig, Sidus’ CEO and Founder. “The combination of our rapid,
3D-printing production process, our multi-sensor coincident data
collection, and the integration of on-orbit AI gives Sidus an edge
as we build our satellite constellation to collect and sell data to
our customers.”
Capable of integrating multiple sensors, LizzieSat facilitates
simultaneous data collection to support agriculture, maritime, oil
and gas and other industries. These sensors and receivers include
hyperspectral, multispectral, automatic identification system
(AIS), and optical technologies. Additionally, the satellite
features Sidus’ onboard FeatherEdge AI hardware and software
solution for near real-time, actionable intelligence processing of
imagery and sensor data.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted 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 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. More than just a
“Satellite-as-a-Service” provider, Sidus Space’s products and
services are offered through its four business units: Space and
Defense Hardware Manufacturing, Satellite Manufacturing and Payload
Integration, Space-Based Data Solutions, and AI/ML Products and
Services to support customers 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/20240320421428/en/
Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254
Media Inquiries press@sidusspace.com
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