Sidus Space Announces Multi-Million-Dollar Agreement with Netherlands for Laser Communication Satellite
February 15 2023 - 8:15AM
Business Wire
Netherlands selects Sidus Space to launch and
demonstrate new laser communications technology
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company
focused on commercial satellite design, manufacture, launch, and
space-based data collection combined with space and defense mission
critical hardware manufacturing has been awarded a multi-million
dollar agreement with The Netherlands Organization for Applied
Scientific Research (TNO) to deploy and test TNO's laser
communications technology aboard a Sidus' LizzieSat™ satellite.
As part of the $2.5 Million agreement, TNO will design and
deliver HemiCAT, a high-efficiency miniature communications laser
terminal, which Sidus will integrate into its hybrid 3D printed
satellite, LizzieSat™. Sidus will manage all aspects of
integration, deployment, and operations, including procuring a
launch and operating HemiCAT in orbit. The in-orbit demonstration
mission for laser satellite communication is part of a study of
Dutch defense technology.
"We are honored to be selected by TNO as its mission partner for
the HemiCAT technology," said Carol Craig, Sidus Space Founder and
CEO. "This partnership will allow us to demonstrate further
versatility of our LizzieSat™ platform and advance our mission of
'Bringing Space Down to Earth' while continuing to expand our reach
into the international satellite market."
"This HemiCat is an important new technology and we look forward
to working with Sidus to launch and test HemiCAT as a pathfinder
for future laser satellite communication systems," Michiel Ringers,
TNO Business Development Manager stated. "The Sidus team offered
the best turnkey solution, designing, building, and deploying
flight heritage hardware for demanding applications — the perfect
combination of expertise and capabilities we look for in a
partner."
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 TNO
The Netherlands Organisation for Applied Scientific Research
(TNO) is an independent research and innovation organisation. We
connect people and knowledge to create innovations and
evidence-based insights hat boost the sustainable competitive
strength of industry and well-being of society. Now and in the
future. Together with our partners, we focus in particular on the
societal challenges of a safe, a healthy, a sustainable and a
digital society. This is our mission and it is what drives us, the
over 4,000 professionals at TNO, in our work every day. TNO Space
stimulates economic growth in the Netherlands and Europe by
enabling companies to realise new products, generate new business
and improve their competitive position. More information is
available on www.tno.nl.
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. 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 discussed 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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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
321-450-5633 x407 Media Contact Katie Kennedy Senior Vice
President Gregory FCA katiek@gregoryfca.com 1-610-731-1045
www.sidusspace.com
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