Sidus Space Successfully Completes Significant Milestone
09 Mars 2022 - 3:00PM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite
company focused on commercial satellite design, manufacture,
launch, and data collection is pleased to announce the successful
completion of the LizzieSat™ (LS) Preliminary Design Review
(PDR).
A PDR ensures the design and basic system architecture are
complete and that there is technical confidence the capability need
can be satisfied within cost and schedule goals. A successful PDR
means that a satellite is on track and development is progressing
as planned.
The LS satellites are partially 3D manufactured Low Earth Orbit
(LEO) microsatellites focused on rapid, cost-effective development
and testing of upcoming innovative spacecraft technologies for
multiple customers and space-based data collection. LS is a 100kg
(220-pound) satellite with space to rapidly integrate customer
sensors and technologies.
“Our Sidus Space engineers did an excellent job preparing for
and executing the PDR, and we are following up with briefings to
our payload partners and strategic teammates,” said Jamie Adams,
Chief Technology Officer for Sidus Space. “With the PDR complete,
our engineering team is one step closer to finalizing and readying
for the initial launch in a planned fleet of 100 satellites capable
of hosting a variety of custom payloads for a variety of customer
missions and collecting space-based data for multiple
industries.”
About Sidus Space
Sidus Space (NASDAQ: SIDU), located in Cape Canaveral, Florida,
operates from a 35,000-square-foot manufacturing, assembly,
integration, and testing facility focused on commercial satellite
design, manufacture, launch, and data collection. The company’s
rich heritage includes the design and manufacture of many flight
and ground component parts and systems for various space related
customers and programs.
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 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
discussed in the ‘Risk Factors’ section of the final prospectus
dated December 13, 2021, 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/20220309005574/en/
Investor Relations Kevin Holmes Chesapeake Group
+1-410-825-3930 kevinholmes@chesapeakegp.com Media Karen
Soriano karen.soriano@sidusspace.com +1-443-900-2437
http://www.sidusspace.com
Sidus Space (NASDAQ:SIDU)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Sidus Space (NASDAQ:SIDU)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024