Sidus Space Appoints Richard J. Berman to its Board of Directors
January 24 2024 - 8:30AM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
that its Board of Directors has appointed Richard J. Berman as a
non-independent Director, effective January 18, 2024.
Carol Craig, CEO, Sidus Space, stated, “We are delighted to have
someone of Richard’s caliber join the Sidus Board. I have great
respect for his exceptional financial and investment acumen and
extensive experience in advising on significant and complex
matters. His unique perspective will be invaluable to Sidus Space
and our stakeholders as we execute on our strategy.”
Leo Riera, Chairman of the Board of Sidus Space, noted, “Richard
brings broad financial services expertise and extensive capital
markets knowledge. I look forward to welcoming him to the Board and
value his insights as Sidus continues its journey along the path to
profitability.”
Richard Berman added, “I am joining Sidus Space at a key time as
the company prepares for the initial launch of its LizzieSat™. I
look forward to facilitating the growth of shareholder value. Sidus
has built an outstanding team, and I couldn’t be more excited to
join the Board of Directors.”
Mr. Berman’s business career spans over 35 years of venture
capital, senior management, and merger & acquisitions
experience. He has served as a director and/or officer of over a
dozen public and private companies in the last five years.
Currently, he is the director of six public companies. Over the
last decade he has served on the board of six companies that have
reached over one billion dollars in market value. Previously, Mr.
Berman worked at Goldman Sachs and was Senior Vice President of
Bankers Trust Company where he started the M&A Leveraged Buyout
Departments.
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 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/20240124975719/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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