Sidus Space to Power Advanced Maritime Solutions with New AIS Integration in LizzieSat™ Constellation
March 21 2023 - 8:30AM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space-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, announced an agreement with SatLab to implement its
second-generation automated identification system (AIS) technology
into the Company’s LizzieSat™ satellite constellation.
AIS technology uses sophisticated systems on board marine
vessels to identify and track ships in order to prevent collisions
and protect life at sea. The integration of this technology into
Sidus’s satellites will enable more accurate vessel tracking and
monitoring while providing valuable information about ship
movements in real time
“We are excited to partner with SatLab to support the AIS
industry and growing Maritime market," said Carol Craig, Sidus
Space Founder and CEO. “Utilizing AIS technology combined with our
on-orbit Hyperspectral imagery will support real-time data
processing, which allows for immediate results and greater
efficiencies. Our one-of-a-kind 3D printed space infrastructure
supports multiple verticals including Maritime and we believe this
data will be attractive to prospective customers.”
SatLab’s AIS technology enables enhanced safety for mariners as
well as increased efficiency in port operations and improved
visibility of ship traffic patterns for better resource planning
and environmental management.
The global AIS market was $260 million in 2021 and is projected
to grow to $440 million in 2030, according to Straits Research.
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, 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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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
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