Sidus Space Announces an Additional Contract Award for NASA ASTRA
September 11 2024 - 8:30AM
Business Wire
Additional Mission Objectives Set the Stage for
Advanced Satellite Performance Optimization
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
provider of end-to-end precision Space Infrastructure solutions
that include satellite Data-as-a-Service on its proprietary
on-orbit platform, is pleased to announce the award of a follow on
contract from NASA Stennis for additional ASTRA (Autonomous
Satellite Technology for Resilient Applications) support aboard
LizzieSat™-1.
A key component of the additional objectives is collecting
onboard data for critical systems. This capability enables ASTRA’s
Primary Operations Control Center (POCC) to manage the Electrical
Power System (EPS) through Sidus’ Mission Control Center (MCC). As
a result, the satellite’s battery voltage can be continuously
monitored and optimized, ensuring that the payload operates
normally even in less-than-ideal solar conditions. The ability to
dynamically manage power by activating or deactivating specific
equipment based on battery charge levels and mission needs
represents a crucial advancement in operational flexibility and
efficiency.
Carol Craig, CEO of Sidus Space, remarked on the mission's
progress: “With the successful completion of ASTRA’s primary
mission objective in early July, we now look forward to the
opportunity to provide further support for this historical NASA
Stennis mission. We anticipate the execution of the additional
requirements to be mutually beneficial by optimizing satellite
performance and ensuring operational continuity under varied and
even adverse conditions. This contract with NASA exemplifies our
dedication to advancing space technology through innovation and
rigorous execution.”
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space
Infrastructure-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 products and
services are offered through its several business units:
Space-as-a-Service, Space-Based Data Solutions, AI/ML Products and
Services, Mission Planning and Management Operations, 3D Printing
and Products and Services, Satellite Manufacturing and Payload
Integration. and Space and Defense Hardware Manufacturing. 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.
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