Sidus Space and Momentus Execute MOU to Better Serve Customers
14 Septembre 2022 - 3:00PM
Business Wire
Partners to Explore Pursuing New Commercial and
Government Opportunities
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, today announced that it has signed a memorandum of
understanding (“MOU”) with Momentus Inc.(NASDAQ: MNTS) to explore
launching its LizzieSat™ satellites utilizing Momentus’ Vigoride
Orbital Service Vehicle (“OSV"). The MOU also seeks to foster
collaboration between the two companies to use their joint
capabilities to seek new opportunities together, expanding both
firms’ reach.
Together the firms are discussing undertaking an integrated
mission that has characteristics of both a Hosted Payload and
Delivery Service. Once in orbit, a Momentus OSV could provide power
and data to LizzieSat™ for deployment, offering mission versatility
for customers based on Vigoride’s service capabilities in-orbit.
Sidus Space is interested in four potential mission launches with
Momentus initially. As part of the MOU, the companies will
potentially provide and/or source payloads to one another and
explore working together on select government solicitations.
Sidus Space has designed and is manufacturing LizzieSat™ for its
multi-mission LEO satellite constellation operating in diverse
orbits (28°-98° inclination, 300-650km altitude) as approved by the
International Telecommunication Union in February 2021. LizzieSat™
offers many differentiating attributes due to its size and
propulsion options. Sidus’ manufactured 3D printed satellites
maximize customer data and technology needs within a lightweight
bus. Additionally, redundant attitude controls systems provide
precision pointing for payloads and propulsion maintains satellite
orbit and provides collision avoidance capability. Earlier this
month, Sidus announced that it signed a launch agreement with
SpaceX for five launches, beginning in early 2023.
Commenting on the agreement, Carol Craig, Sidus Space Founder
and CEO said, “We are excited to join with Momentus to develop
opportunities for better value for our LizzieSat™ customers through
increased mission flexibility. This is yet another key step in
‘Bringing Space Down to Earth’ for customers, industries, and new
use cases as we look ahead to launching LizzieSat™ next year. The
competitive advantage and mission versatility offered by the OSV
translates to better value for our customers. This agreement should
allow us to better serve existing customers, while attracting new
payloads to our satellite offering.”
“The concept of integrating LizzieSat on Vigoride would allow
Sidus to focus their resources on achieving mission objectives for
their customers, while we would handle reliable transportation to
orbital destinations. Together, our respective capabilities could
optimize space for the benefit of Earth,” said Momentus Chief
Executive Officer John Rood. “We look forward to building a
long-term relationship with Sidus Space as it heads toward
orbit.”
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 Momentus Space
Momentus is a U.S. commercial space company that offers in-space
infrastructure services, including in-space transportation, hosted
payloads and in-orbit services. Momentus believes it can make new
ways of operating in space possible with its planned in-space
transfer and service vehicles that will be powered by an innovative
water plasma-based propulsion system that is under development.
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, 2021, 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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Investor Relations Kevin Holmes Chesapeake Group
kevinholmes@chesapeakegp.com +1-410-825-3930
Heather Crowell Gregory FCA heather@gregoryfca.com
215.297.3606
Media Contact Katie Kennedy Senior Vice President Gregory
FCA katiek@gregoryfca.com 610-731-1045 (cell)
Sidus Space (NASDAQ:SIDU)
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