Sidus Space’s LizzieSat-1 Successfully Transmits Data from Orbit through the Power of its Artificial Intelligence (AI) Rapid Delivery Platform
May 30 2024 - 8:30AM
Business Wire
Sidus Space, Inc. (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service satellite company, is
pleased to announce that its high-performance artificial
intelligence (AI) delivery platform, FeatherEdge, successfully
transmitted data back down to Earth for the first time on May 24,
2024.
The LizzieSat-1 mission demonstrated FeatherEdge’s ability to
upload new algorithms post-launch, run a machine vision algorithm
on the hardware accelerator capable of processing data 300 times
faster than a CPU, and downlink health and status data to Sidus
Mission Control Center in Merritt Island, FL. The Google-powered AI
processor sets the groundwork for substantial upgrades on future
launches, which is expected to include NVIDIA-powered AI
accelerators in early 2025, resulting in the highest performance
edge computing capability on orbit.
This milestone marks the beginning of customized rapid
intelligence delivery missions for industry, academia, and
government customers. This capability will enable onboarding of new
customers and improve and adapt to their mission needs, throughout
each LizzieSat’s operational life. All LizzieSat satellites are
equipped with the FeatherEdge platform, providing the building
blocks for datacenter-scale computing on orbit.
“By using the most advanced machine learning accelerators
coupled with our custom electronic designs, we provide a flexible
platform for our customers, capable of adapting to changing mission
needs,” said Carol Craig, Founder and CEO of Sidus Space. “It is
essential to maintain operational agility in the highly dynamic
commercial space economy. Our full-stack approach to space-based
services, vertically integrating manufacturing and operation of all
spacecraft systems, including Artificial Intelligence, enables us
to provide what we believe are the most competitive space-based
computing solutions on the market.”
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted 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. More than just a
“Satellite-as-a-Service” provider, Sidus Space’s products and
services are offered through its four business units: Space and
Defense Hardware Manufacturing, Satellite Manufacturing and Payload
Integration, Space-Based Data Solutions, and AI/ML Products and
Services to support customers 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, 2023, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240530655762/en/
Investor Relations Investorrelations@sidusspace.com
Media Inquiries press@sidusspace.com
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Jul 2023 to Jul 2024