Sidus Space Achieves Critical Artificial Intelligence (AI) and Hardware Contract Milestones as its Nears the Launch of LizzieSat-1 in March 2024
09 Janvier 2024 - 2:30PM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, achieves
critical Artificial Intelligence (AI) and hardware contract
milestones as the Company prepares for the commencement of its
satellite constellation scheduled for launch in March 2024 with
LizzieSat-1 as part of SpaceX’s Transporter-10 mission from
Vandenberg Space Force Base, California.
Notable recent achievements include the successful delivery of
an engineering unit supporting methane detection, day-in-the-life
testing for hardware, and the launch of a beta-version vessel
detection platform. Additionally, the successful completion of a
Critical Design Review for hardware under a NASA Phase 2 Sequential
award demonstrates Sidus Space's experienced adherence to and
understanding of NASA standards.
Future plans include delivering FeatherBox flight units to
support methane detection, delivering engineering units for
continued testing under the NASA Phase 2 Sequential Award, and
conducting essential ground testing of pre-processing algorithms
for Near-Infrared (NIR) and Short-Wave Infrared (SWIR) sensors.
Jeremy Allam, Vice President of AI Products at Sidus Space,
emphasized the Company's commitment to innovation, stating, "These
milestones underscore our dedication to cutting-edge AI technology
solutions that reshape possibilities in the ever-evolving space
technology landscape. We align our services with the dynamic needs
of a changing space economy and aim to capitalize on high-margin
revenue growth."
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a Space and Data-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. 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/20240109553796/en/
Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
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