Sidus Space Announces LizzieSat™-2 is Ready for Launch
October 01 2024 - 7:30AM
Business Wire
LS-2 Environmental Testing complete in
Preparation for Upcoming Launch
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a full
stack vertically integrated satellite manufacturer and operator
with diverse space services capabilities including engineering,
contract manufacturing, product development and mission operations,
announces the successful completion of a critical milestone: the
environmental testing of LizzieSat™-2 (LS-2). This key achievement
comes as the Company prepares for the upcoming launch which is
planned to carry LS-2 into Low Earth Orbit later this year.
Carol Craig, CEO of Sidus Space, commented on the achievement:
“The completion of environmental testing represents a crucial
milestone for Sidus Space as we move towards the launch of
LizzieSat-2. This testing validates that our satellite can
withstand the rigorous conditions of launch and space. I commend
our team for their diligent efforts in refining our processes based
on insights from our inaugural LizzieSat™ mission in March. We are
focused on the upcoming launch and the expansion of our LizzieSat™
offerings, which will be a key driver of our growth strategy.”
The environmental testing, conducted by Element Materials
Technology in Orlando, subjected the fully integrated LS-2
satellite to comprehensive random vibration tests, simulating
launch conditions and verifying its structural integrity. These
tests confirmed that LS-2 and its instruments can withstand more
than three times the maximum predicted launch environment while
maintaining full functionality in orbit.
“LizzieSat-1, which has now been in orbit for over 200 days
since launching in March, is performing well,” said John Curry,
Chief Mission Operations Officer. “Not all companies are fortunate
to celebrate first-launch success. The Sidus team worked tirelessly
to gather insights and lessons from LS-1, enabling us to swiftly
implement enhancements for LS-2 to not only address increasing
customer demands but expand data collection capabilities.”
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space
Infrastructure company dedicated to advancing the frontiers of
space exploration, satellite deployment, and space-based data
collection. Established with a vision for innovation and
sustainability, Sidus Space specializes in developing cutting-edge
solutions for satellite manufacturing, data collection and
analytics, and advanced mission planning. Our mission is to make
space more accessible and sustainable by revolutionizing satellite
manufacturing and space-based data collection. With a commitment to
excellence and a focus on driving innovation, Sidus Space is poised
to shape the future of Space.
With capabilities including mission-critical hardware
manufacturing; multi-disciplinary engineering services; satellite
design, production, launch planning, mission operations; and
in-orbit support, Sidus is based in Cape Canaveral, Florida, where
it operates from a 35,000-square-foot manufacturing, assembly,
integration, and testing facility focused on vertically integrated
Space Infrastructure 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 is not limited to a single
focus but provides a diversified range of products and services.
The Company can meet the needs of an evolving and growing space
ecosystem and customer base through its several business units:
Space-Based Data Solutions, AI/ML Products and Services, Mission
Planning and Management Operations, 3D Printing and Products and
Services, Satellite Manufacturing and Payload (or Technology)
Integration. and Space and Defense Hardware Manufacturing. 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, 2023, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241001550190/en/
Investor Relations investorrelations@sidusspace.com
Media Inquiries press@sidusspace.com
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Oct 2024 to Nov 2024
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Nov 2023 to Nov 2024