Exo-Space selects Sidus Space as Integration
and Deployment partner to Demonstrate Artificial Intelligence
Software Technology
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company
focused on mission critical hardware manufacturing combined with
commercial satellite design, manufacture, launch, and data
collection, recently signed a Satellite Deployment contract with
Exo-Space for integration and launch of its artificial intelligence
software technology on Earth Observation satellites. Sidus Space
will integrate Exo-Space’s payload into its hybrid 3D printed
satellite, LizzieSat TM with expected deployment in 2023.
This technology implementation will provide near-real-time
intelligence derived from Earth Observation data while onboard the
satellite, enabling both commercial, government, and NGO customers
to take more effective action in time-sensitive operations. This
first launch will be a pilot mission, paving the way for the
deployment of additional units on subsequent launches. Planned for
these subsequent launches are a broader array of sensor resources,
increased computing capacity, and improved communications and
networking. With the proper sensor complement, communication
systems, cloud environment and adequate presence and placement of
satellite constellation resources, this technology can provide
persistent monitoring for notification of events anywhere on Earth
in less than 60 seconds.
“As a leading provider of Space-as-a-Service solutions, we are
excited to be selected as Exo-Space’s deployment partner to provide
proof-of-concept for its important technology,” said Carol Craig,
Sidus Founder and CEO. “As part of our mission of “Bringing Space
Down to Earth’, we seek to enable customers to prove new
technologies that will collaboratively advance the space ecosystem
and this agreement with Exo-Space is perfectly aligned with our
mission.”
"This launch begins the implementation of an intelligence
service unlike any currently available. The ability to maintain
sub-minute awareness of activity anywhere on Earth or in space will
revolutionize both commercial and government operations.
Additionally, our intelligent tasking platform will enable
accessibility of this information to a much broader audience,” said
Jeremy Allam, CEO & Co-founder, Exo-Space. “The shared vision
between our companies provides a path to pair our computing
technology with Sidus’ spacecraft resources, enabling the delivery
of intelligence that will help to effectively address a number of
existing global crises, as well as those that present themselves in
the future."
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 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 is ISO
9001:2015, AS9100 Rev. D certified, and ITAR registered.
About Exo-Space
Exo-Space, located in Los Angeles, California, develops high
performance data processing devices, and intelligent middleware to
enable implementation of computationally intensive data processing
applications, particularly those with a basis in artificial
intelligence and machine learning, onboard spacecraft. Operating in
an emerging market servicing customers that require
ultra-low-latency space analytics, Exo-Space has developed and
thoroughly tested a unique platform that creates mission
flexibility and high-performance computing for its host
spacecraft.
Exo-Space's technology provides benefits to both satellite
operators, adding a layer of intelligence to their operations, as
well as Earth-based entities, providing insights on Earth
Observation data collected with sub-minute latency. Exo-Space's
technology is built to operate anywhere that data is generated,
from Low Earth Orbit, to the moon, to Mars and beyond.
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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version on businesswire.com: https://www.businesswire.com/news/home/20221012005358/en/
Investor Relations Heather Crowell Executive Vice
President Gregory FCA heather@gregoryfca.com 321-450-5633 x407
Media Contact Katie Kennedy Gregory FCA
katiek@gregoryfca.com 1-610-731-1045 www.sidusspace.com
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