Sidus Space Receives FCC Approval for Remote Sensing Satellite Micro Constellation License, Expanding Footprint in Low Earth Orbit
October 15 2024 - 7:30AM
Business Wire
License enables growth of new missions and
enhanced data acquisition capabilities utilizing the
LizzieSat™ platform
Sidus Space, Inc. (NASDAQ: SIDU), an innovative, agile space
mission enabler, today announced that the U.S. Federal
Communications Commission (FCC) has granted approval for the
company to operate a micro constellation of remote sensing,
multi-mission satellites in Low Earth Orbit (LEO).
This key regulatory milestone marks a significant step in Sidus
Space's on-orbit expansion plans and reinforces its strategic
commitment to enabling new missions and delivering flexible,
cost-effective data acquisition solutions through its innovative
data-as-a-service model. Sidus owns the data collected by
LizzieSat™ Sidus sensors for all missions, providing customers with
a distinct advantage in accessing valuable data streams.
The FCC’s approval covers LizzieSat™ 2-5, further permitting
Sidus Space to expand its footprint in orbit beyond the successful
LizzieSat™-1 mission. This achievement aligns with Sidus Space's
long-term strategy to position itself as a space mission enabler
and to deliver enhanced situational awareness to government,
defense, intelligence and commercial sectors worldwide.
“We are thrilled to receive this key FCC approval, which allows
us to further expand our on-orbit presence and offer our customers
a seamless combination of hosted payload capabilities and data
services,” said Carol Craig, Founder and CEO of Sidus Space. “This
milestone underscores the value of our data-as-a-service model,
providing clients not only with payload hosting and on-orbit AI
enhanced processing, but also with continuous data streams to meet
their operational needs. Additionally, with Sidus’ ownership of the
data collected by our LizzieSat™ sensors, we offer a unique
proposition for customers looking for comprehensive and reliable
data solutions.”
As part of the LizzieSat™ 2 and 3 missions, Sidus Space will
host the HEO’s Holmes Imager payload, which will take resolved
images of satellites and space debris in-orbit. In addition to
hosting the payload, Sidus will provide ongoing monthly data
services to HEO.
The FCC approval represents a major advancement for Sidus Space
as it continues to grow its on orbit presence and to enhance its
ability to serve a wide range of industries with expanded
real-time, space-based data services.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a space mission enabler that
provides flexible, cost-effective solutions including custom
satellite design, payload hosting, mission management, space
manufacturing and AI enhanced space-based sensor data as a service.
With its mission of Space Access Reimagined™, Sidus Space is
committed to rapid innovation, adaptable and cost-effective
solutions, and the optimization of space system and data collection
performance. With proven space heritage including manufacturing and
managing its own on-orbit satellite, LizzieSat™, Sidus Space serves
government, defense, intelligence and commercial companies around
the globe. Strategically headquartered on Florida’s Space Coast,
Sidus Space operates a 35,000-square-foot space manufacturing,
assembly, integration and testing facility and provides easy access
to nearby launch facilities.
For more information, visit: https://www.sidusspace.com
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.
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