Sidus Space Secures Position on Upcoming Bandwagon Mission
18 Septembre 2023 - 2:00PM
Business Wire
Updated mission date allows inclusion of
additional sensors and expanded field of view, increasing both
payload and data revenue
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company confirms its plan
to reallocate two LizzieSats to launch on an upcoming Bandwagon
mission with SpaceX. The updated LizzieSat constellation
configuration will advance cutting-edge Low Earth Orbit data
collection and provide enhanced orbital flexibility for government
and commercial customers.
While initially planning to launch its first LizzieSat on
Transporter-9 in Q4 2023, the Company has adjusted its launch
manifest to take advantage of the opportunity to cover more
populated areas and increase data revenue. The updated schedule
targets a first launch in Q1 2024 followed by two LizzieSats on a
Bandwagon mission in Q2 2024.
“The Bandwagon mission is exciting because it gives us the
ability to place multiple LizzieSats in dissimilar orbits, enabling
us to capture higher revenue generating data while increasing our
payload and data customers,” commented Carol Craig, Sidus’ Founder
and CEO. “This, when combined with the inclusion of additional
sensors and enhanced AI capabilities on our initial flight, adds
value as we get closer to initiating these launches and developing
new, high-margin business lines.”
The Company continues to be manifested for the launch of a
single LizzieSat with SpaceX on Transporter-10 in Q1 2024 and two
additional LizzieSats on Transporter-11 in Q2 2024, which will
result in an expected five LizzieSats on orbit in the Company’s
constellation by the end of the third quarter of 2024. The
LizzieSats deployed on Bandwagon will operate in synergy with those
on Transporter missions as the complementary orbits increase both
the value and the amount of data that can be collected for sale by
the Company.
John Curry, Chief Mission Operations Officer, stated, "The
convergence of our orbit inclination, advanced payloads, and EdgeAI
capabilities enables us to provide an unparalleled data service to
our customers. Our capability to address a critical void through
wide area spectral data imaging greatly enhances LizzieSat’s
overall potential."
About Sidus Space Sidus Space (NASDAQ: SIDU) is a
multi-faceted Space and Data-as-a-Service company focused on
mission-critical hardware manufacturing; multi-disciplinary
engineering services; satellite design, production, launch
planning, mission operations; and in-orbit support. The Company is
located in Cape Canaveral, Florida, where it 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.
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.
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, 2022, 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/20230918175351/en/
Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
Sidus Space (NASDAQ:SIDU)
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