Sidus Space’s AI-Enhanced LizzieSat™ Completes Vibration Testing Ahead of Upcoming Mission
December 20 2023 - 8:30AM
Business Wire
The LizzieSat satellite is now complete, no
further changes will be made to the hardware from now until it is
shipped to the launch site.
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
that it has completed environmental testing of LizzieSat ahead of
its upcoming launch on SpaceX’s Transporter-10 mission.
Environmental testing was completed by NTS Orlando where the
LizzieSat Flight Unit underwent random vibration testing. The
LizzieSat satellite for this mission is currently being prepared
for shipment to the launch site and focus is now on mission
operations in anticipation of launch.
The upcoming LizzieSat launch is a catalyst to the execution of
Sidus Space’s high-margin revenue Data-as-a-Service offering.
Customers for this launch include NASA, Mission Helios, Automatic
Identification Systems (AIS) data customers, and multispectral
imagery consumers for detection of methane gas and vegetative
stress.
“We expect the launch of LizzieSat will provide us with the
opportunity to continue to expand our high-margin revenue streams,
driven by the sale of both data and payloads on future missions. We
anticipate the enhanced capabilities of these satellites will
provide space infrastructure, as well as critical data, to create a
high margin, rapidly scalable business model,” said Carol Craig,
Sidus’ CEO and Founder. “The Company is continuously working to
secure agreements to provide additional annual recurring revenue
while on orbit.”
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.
About NTS Orlando
Established in 1986 as Qualtest and acquired by NTS in 2015, NTS
Orlando offers an extensive array of test services delivered by an
experienced and resourceful team dedicated to serving the testing
needs of Aerospace, Defense, and a variety of Commercial customers.
Quality is recognized by many as a crucial aspect of conducting any
successful test program and is a deeply held value at NTS Orlando.
Customers can be assured of this commitment to quality by NTS
Orlando’s A2LA and NVLAP ISO/IEC 17025 laboratory competence
accreditations.
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/20231220041857/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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