Sidus Space Expands Relationship and Increases Deliverables to Teledyne Technologies
19 Juillet 2022 - 3:00PM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space-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, is pleased to announce its growing relationship with
Teledyne Marine, a part of Teledyne Technologies, Inc. (NYSE:TDY),
following a noteworthy Q2 2022. The three-month period marks the
strongest revenue quarter between the parties since their
partnership began four years ago.
Sidus Space signed its first two-year master supply agreement
(MSA) with Teledyne Marine in July 2019, followed by a two-year
product pricing agreement (PPA) in September 2021.
“We’ve been fortunate to build components for Teledyne Marine
since 2019, and we’re excited to see our relationship grow and
prosper,” said Sidus Space CEO and Founder, Carol Craig. “Teledyne
Marine’s increased trust in Sidus is a testament to the quality of
products we develop and the value we provide to our partners. We
look forward to working together in the years to come.”
As part of the increasing scope of work and revenue with
Teledyne Marine, Sidus Space will now manufacture components for
Teledyne Marine’s Massachusetts facility and will continue
supplying components to Teledyne Marine’s facilities in Texas and
Florida.
Sidus Space has been on an upward trajectory over the past few
months, taking significant strides to plant its flag among the
international space community elite. In December 2021, Sidus listed
its Class A common stock on the NASDAQ Capital Market via an IPO,
making Craig the first female owner-founder of a publicly traded
space company serving government and commercial space
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 vertically integrated
Space-as-a-Service solutions including end-to-end satellite
support. 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
broad range of Space-As-a-Service offerings including space-rated
hardware manufacturing, design engineering, satellite manufacturing
and platform development, launch and support services, data
analytics services and satellite constellation management.
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.
About Teledyne Marine
Teledyne Marine is a group of leading-edge subsea technology
companies that are part of Teledyne Technologies Incorporated.
Through acquisitions and collaboration, Teledyne Marine has evolved
into an industry powerhouse, bringing Imaging, Instruments,
Interconnect, Seismic, and Vehicle technology together to provide
total solutions to our customers. www.teledynemarine.com
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Investor Relations Kevin Holmes Chesapeake Group
kevinholmes@chesapeakegp.com +1-410-825-3930 Company Contact
Karen Soriano Vice President, Public Relations Sidus Space
karen.soriano@sidusspace.com +1-443-900-2437 (cell) Media
Contact Katie Kennedy Senior Vice President Gregory FCA
katiek@gregoryfca.com 610-731-1045 (cell)
Sidus Space (NASDAQ:SIDU)
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