SkyWatch’s TerraStream Data-Sharing Marketplace
Enhances Sidus’ Visibility with Subscribers
Sidus Space, Inc. (NASDAQ:SIDU) (“Sidus” or the “Company”), a
Space-as-a-Service company focused on mission critical hardware
manufacturing combined with commercial satellite design,
manufacture, launch, and data collection, announced today that it
signed an agreement with SkyWatch for use of its TerraStream
data-management platform.
This agreement is expected to accelerate the expansion of Sidus’
commercial data distribution strategy which includes white labeling
data for the Company’s existing customers as well as driving growth
of new data customers. Serving as a key contributor to the Space
data marketplace, the agreement is expected to generate additional
revenue for the Company and engage customers that otherwise may not
have connected with Sidus.
The TerraStream platform provides end-to-end data management and
distribution capabilities to satellite operators, and provides an
accelerated path to grow revenue and new markets through
EarthCache, SkyWatch’s remote sensing platform. Utilizing
TerraStream eliminates the need for costly IT infrastructure,
enabling Sidus to provide cost-effective access to Space-based data
and deliver on its mission of “Bringing Space Down To Earth™”. As
Sidus looks ahead, it expects that its revenue mix will include a
variety of users and industries . More specifically, an increase in
remote sensing data customers and analytics subscriptions.
“A key part of our business plan has always included monetizing
high-impact data for insights on virtually every commercial sector,
and, as we prepare to launch LizzieSat™ this year, this agreement
represents an important milestone on that journey,” said Carol
Craig, Sidus Space Founder and CEO. “As new customers and
industries begin to understand how Space-based data can impact
business strategy, we believe that Sidus is well-positioned to
capitalize on the increasing demand.”
LizzieSat-1, the maiden flight of Sidus’ multi-mission satellite
constellation, is expected to launch in 2023 into a mid-inclination
Low Earth Orbit from Cape Canaveral, Florida. LizzieSat-1 will
supply mission-based data to clients and consumers focused on
climate change, maritime shipping industry activities, and other
commercially relevant interests.
“We’re thrilled to partner with Sidus Space on their mission to
‘Bring Space Down to Earth’,” said Joel Cumming, Chief Technology
Officer at SkyWatch. “We share a mission to make Earth observation
and remote sensing data more accessible to solve critical issues,
and we look forward to working with the team at Sidus as they
continue this important work.”
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 SkyWatch
SkyWatch is on a mission to make Earth Observation and remote
sensing data accessible to the world. Hundreds of trillions of
pixels of our planet are captured from space every day. Drawing on
the team's past experience in space data aggregation software, we
are building the infrastructure to connect satellite data operators
and application developers. The company raised a $17.2 million USD
Series B in 2021 and is expected to double in size in the next 18
months. Learn more at http://skywatch.com.
About TerraStream
TerraStream is SkyWatch’s automated data distribution platform
for Earth observation data providers that is more functional,
capital-efficient, and fast to deploy than a custom build. A
cost-effective way to monetize data and expand market reach, the
TerraStream platform includes custom processing, image
normalization, data hosting, tasking management, opportunity
analytics, and a robust API suite.
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/20230117005678/en/
Investor Relations Dave Gentry RedChip Companies Inc.
SIDU@redchip.com 1-800-RED-CHIP (733-2447) Or 407-491-4498 Heather
Crowell Executive Vice President Gregory FCA heather@gregoryfca.com
Media Contact Katie Kennedy Senior Vice President Gregory
FCA katiek@gregoryfca.com 1-610-731-1045 www.sidusspace.com
SkyWatch Media Contact Kelly Winter Senior Director,
Marketing kelly@skywatch.com www.skywatch.com
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