Sidus Space Signs MOU with SkyServe for Real-time Onboard Analytics
April 24 2023 - 8:30AM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space and
Defense-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, signed a Memorandum of Understanding (MOU)
with SkyServe, Inc., Cupertino, an in-space edge computing
solutions company offering satellite-based insights for core
industries and solution providers through their
Insights-as-a-Service platform.
"We are very pleased to have signed this MOU with SkyServe at
this year's Space Symposium in Colorado Springs," said Carol Craig,
Sidus Space Founder and CEO. “We believe this agreement will expand
our ability to leverage the latest advancements in artificial
intelligence and machine learning-based analytics to provide our
customers with the most advanced satellite imagery services
available today.”
“This is a great opportunity to work with Sidus Space which has
a proven track record in the industry. Our upcoming flights on the
LizzieSat constellation will give us a unique advantage with
on-demand tasking and rapid revisit when delivering critical
insights across Optical and RF sensors to customers at
low-latency,” said Vinay Simha, SkyServe Founder and CEO.
Under the terms of the MOU, Sidus will be integrating and
deploying SkyServe’s edge computing software on LizzieSat and
provide on-orbit testing in a space environment to provide
insights, increase the overall Technology Readiness Level, and
establish integration processes for future collaborative missions.
Sidus and SkyServe collaboratively aim to build a foundation of
services that will support various customer segments for both
companies.
SkyServe's innovative sensor analytics platform processes
satellite imagery data and provides customized solutions to
customers, allowing them to gain real-time insights into their
operations and make informed decisions based on the actionable
intelligence provided.
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 SkyServe
SkyServe Inc, A Cupertino and Bangalore based company is
building autonomous solutions to democratize Earth Observation data
for organizations, bringing down the cost of data processing and
latency by an order of magnitude. SkyServe’s SaaS offering allows
developers of geospatial solutions to deploy their apps to
satellites. SkyServe works with multiple Earth Observation
businesses, enabling them with insights for remote operations and
monitoring with a significant reduction in turnaround time and
decision-making.
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 Sidus Space Inc. Katie Kennedy Senior Vice
President Gregory FCA katiek@gregoryfca.com 1-610-731-1045
SkyServe Inc. Goutam Naik Founder’s Office
goutam@skyserve.ai
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