Sidus Space Secures Additional Launches with SpaceX
February 22 2023 - 12:10PM
Business Wire
Sidus Space nearly doubles contracted launches
with SpaceX, joining four additional Transporter missions in 2024
and 2025
Sidus Space, Inc. (NASDAQ:SIDU) (“The Company”), a
Space-as-a-Service company focused on mission critical hardware
manufacturing combined with commercial satellite design,
manufacture, launch, and data collection, today announced it has
signed an agreement with SpaceX to launch on Transporter missions
manifested for 2024 and 2025.
This additional agreement further extends the Company’s
relationship with SpaceX, chosen in part due to their successful
and reliable launch capabilities. Sidus Space expects the Maiden
Flight of LizzieSat™ on SpaceX Transporter-9 later this year. Along
with launching in 2023, the new agreement adds two additional
flights in 2024 and two flights scheduled for launch in 2025, each
of which are on upcoming Transporter missions.
"We are thrilled to have signed multi-year agreements with
SpaceX, establishing a regular launch cadence for Sidus and our
customers,” said Founder and CEO, Carol Craig. “With an expected
nine LizzieSats in orbit via SpaceX launches through early 2025, we
can accommodate multiple missions, offering a variety of flight
opportunities to customers. This provides our customers multiple
manifest options to meet their mission objectives while expanding
our space data and imagery platform as part our mission of
“Bringing Space Down to Earth™.”
Once launched, each LizzieSat™ mission is expected to be in
orbit for four to five years. This timeline provides sufficient
time on orbit to meet customer needs and to advance future
technologies.
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.
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, 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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version on businesswire.com: https://www.businesswire.com/news/home/20230222005391/en/
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
Media Contact Katie Kennedy Senior Vice President Gregory FCA
katiek@gregoryfca.com 1-610-731-1045
www.sidusspace.com
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