Foundation for the Future: Sidus Space Looks toward 2024 Launch
28 Diciembre 2023 - 7:30AM
Business Wire
Sidus Space Achieves Milestone Success in 2023:
A Year of Innovation and Progress
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, concludes 2023
with remarkable achievements, laying the groundwork for an eagerly
anticipated launch in Q1 2024.
2023: A Pivotal Year for Sidus Space
"2023 was a pivotal year for Sidus Space. We accomplished
significant milestones, preparing for the launch of LizzieSat™, a
testament to our commitment to advancing satellite data technology.
Our achievements included expanding our services, securing new
customers, enhancing our technology and completing the required
testing for launch on SpaceX Transporter-10. As we look forward to
the upcoming launch, our focus for 2024 remains on delivering
unique and unparalleled solutions for our customers, testing
cutting-edge technologies in space, and aligning our services to
the evolving needs of a dynamic space economy," said Carol Craig,
CEO and Founder of Sidus Space.
Preparation for Launch
- Successful completion of required environmental testing of
LizzieSat ahead of its upcoming launch on SpaceX’s Transporter-10
mission planned for March
- Successful integration testing of command-and-control systems
between Sidus Mission Control Center (MCC), Florida, KSAT Earth
Stations worldwide, and LizzieSat’s onboard radios and command and
control systems
- Successful testing of onboard Artificial Intelligence (AI)
computing capability for immediate, high-value data consumption by
customers
New Contracts, Partnerships, and MOUs
- Awarded multiple new contracts, partnerships and MOUs, serving
the needs of low-Earth orbit customers, including: CACI, HEO (USA),
LuLav, Maris-Tech, NASA Astra, Parsons, and SkyServe
- Expanded Mission-Critical Hardware Manufacturing with contracts
supporting Airbus OneWeb Satellites, NASA Mobile Launcher 2
program, and the US Navy Propulsion Program
- Chosen as a Mentor/Protégé with L3 Harris
Advancing Technology
- Expanded the Company’s capabilities and offerings through
acquisition of Exo-Space, a California-based firm specializing in
Edge Artificial Intelligence (AI) software and hardware for space
applications
- Executed Agreement with SkyWatch for the use of its TerraStream
platform to manage, monetize and distribute space-based data
2024: A Year of Expected Growth
- LizzieSat™ launch expected to be a catalyst for high margin
revenue growth
- Expanded focus on LEO and Lunar opportunities and
partnerships
- Expected increase in annualized revenue from subscription
customers with existing and future data customer base
- Additional satellite launches with new customers and
technologies
"As we bid farewell to 2023, our sights are firmly set on the
imminent launch of LizzieSat in 2024. We've successfully achieved
critical milestones and secured vital revenue-generating contracts
with key customers. The foundation is laid, and our robust customer
base eagerly awaits the delivery of our AI-enhanced space data,
poised to redefine the landscape for Sidus and the broader
industry," said Carol Craig, CEO and Founder of Sidus Space.
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/20231228604602/en/
Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254 Media Pam Davis
Sidus Space mediateam@sidusspace.com
Sidus Space (NASDAQ:SIDU)
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