Sidus Space and Warpspace Sign MOU to Launch Joint Venture to Develop Advanced Optical Space Communication
Sidus Space (NASDAQ: SIDU) has signed a Memorandum of Understanding (MOU) with Warpspace, a Japanese space-tech company, to establish a Joint Venture focused on developing integrated solutions for next-generation satellite communications and mission operations.
The collaboration will combine Sidus' mission expertise with Warpspace's WarpHub InterSat communication system to expand high-performance solutions for diverse customer mission needs. The partnership aims to advance space innovation in technology, AI, and optical communication systems.
According to the announcement, activities related to the Joint Venture are set to commence immediately, with both companies working to define implementation steps.
Sidus Space (NASDAQ: SIDU) ha firmato un Memorandum of Understanding (MOU) con Warpspace, un'azienda giapponese nel settore della tecnologia spaziale, per stabilire una Joint Venture focalizzata sullo sviluppo di soluzioni integrate per le comunicazioni satellitari di nuova generazione e le operazioni di missione.
La collaborazione unirà l'expertise missionale di Sidus con il sistema di comunicazione WarpHub InterSat di Warpspace per espandere soluzioni ad alte prestazioni per le diverse esigenze delle missioni dei clienti. L'obiettivo della partnership è quello di promuovere l'innovazione spaziale nella tecnologia, nell'IA e nei sistemi di comunicazione ottica.
Secondo l'annuncio, le attività relative alla Joint Venture inizieranno immediatamente, con entrambe le aziende che lavorano per definire i passi di implementazione.
Sidus Space (NASDAQ: SIDU) ha firmado un Memorando de Entendimiento (MOU) con Warpspace, una empresa japonesa de tecnología espacial, para establecer una Joint Venture centrada en el desarrollo de soluciones integradas para las comunicaciones satelitales de próxima generación y las operaciones de misión.
La colaboración combinará la experiencia en misiones de Sidus con el sistema de comunicación WarpHub InterSat de Warpspace para expandir soluciones de alto rendimiento para las diversas necesidades de misión de los clientes. La asociación tiene como objetivo avanzar en la innovación espacial en tecnología, IA y sistemas de comunicación óptica.
Según el anuncio, las actividades relacionadas con la Joint Venture comenzarán de inmediato, con ambas empresas trabajando para definir los pasos de implementación.
Sidus Space (NASDAQ: SIDU)는 일본의 우주 기술 회사인 Warpspace와 차세대 위성 통신 및 임무 운영을 위한 통합 솔루션 개발에 중점을 둔 합작 투자 설립을 위한 양해각서(MOU)를 체결했습니다.
이번 협력은 Sidus의 임무 전문성과 Warpspace의 WarpHub InterSat 통신 시스템을 결합하여 다양한 고객 임무 요구에 대한 고성능 솔루션을 확장하는 데 목적이 있습니다. 이 파트너십은 기술, AI 및 광통신 시스템에서의 우주 혁신을 촉진하는 것을 목표로 합니다.
발표에 따르면, 합작 투자와 관련된 활동은 즉시 시작될 예정이며, 양사는 실행 단계를 정의하기 위해 협력할 것입니다.
Sidus Space (NASDAQ: SIDU) a signé un protocole d'accord (MOU) avec Warpspace, une entreprise japonaise de technologie spatiale, pour établir une coentreprise axée sur le développement de solutions intégrées pour les communications par satellite de nouvelle génération et les opérations de mission.
La collaboration combinera l'expertise de Sidus en matière de missions avec le système de communication WarpHub InterSat de Warpspace afin d'élargir les solutions de haute performance pour les divers besoins des missions des clients. Le partenariat vise à faire progresser l'innovation spatiale dans les domaines de la technologie, de l'IA et des systèmes de communication optique.
Selon l'annonce, les activités liées à la coentreprise devraient commencer immédiatement, les deux entreprises travaillant à définir les étapes de mise en œuvre.
Sidus Space (NASDAQ: SIDU) hat ein Memorandum of Understanding (MOU) mit Warpspace, einem japanischen Raumfahrttechnologieunternehmen, unterzeichnet, um ein Joint Venture zu gründen, das sich auf die Entwicklung integrierter Lösungen für die Satellitenkommunikation der nächsten Generation und die Missionsoperationen konzentriert.
Die Zusammenarbeit wird Sidus' Missionsexpertise mit dem WarpHub InterSat Kommunikationssystem von Warpspace kombinieren, um leistungsstarke Lösungen für die unterschiedlichen Missionsbedürfnisse der Kunden zu erweitern. Das Ziel der Partnerschaft ist es, die Raumfahrtinnovation in den Bereichen Technologie, KI und optische Kommunikationssysteme voranzutreiben.
Laut der Ankündigung sollen die Aktivitäten im Zusammenhang mit dem Joint Venture sofort beginnen, wobei beide Unternehmen daran arbeiten, die Umsetzungsschritte zu definieren.
- Strategic expansion into optical space communication market
- Access to Warpspace's WarpHub InterSat technology
- Potential for increased global market presence
- MOU is non-binding and preliminary in nature
- No specific financial terms or timeline for implementation disclosed
Sidus Space Enters into Strategic Collaboration to Strengthen Presence in Global Markets
“This alliance marks a significant milestone for Sidus Space as we work alongside Warpspace to advance space innovation in technology, AI and optical communication systems,” said Carol Craig, Founder and CEO of Sidus Space. “By combining Sidus’ mission expertise with Warpspace’s WarpHub InterSat, a secure, cutting-edge communication system, we are poised to expand our high-performance solutions to meet diverse customer mission needs, strengthening our presence in global markets.”
"We are excited to collaborate with Sidus Space, whose innovative capabilities and mission expertise align with our vision for the future of space communications,” said Hiro Mori, CEO of Warpspace
Activities related to the Joint Venture are expected to begin immediately, with both companies working toward defining the next steps for implementation.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including custom satellite design, payload hosting, mission management, AI-enhanced space-based sensor data-as-a-service and space manufacturing. With its mission of Space Access Reimagined™, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat™, Sidus Space serves government, defense, intelligence and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration and testing facility and provides easy access to nearby launch facilities. For more information, visit: www.sidusspace.com.
About Warpspace Inc.
In recent years, the importance of space-derived data, including satellite imaging data, has been increasing from the perspective of disaster prevention and security. In response, there is a growing need for high-capacity, quasi-real-time, and high-security transmission of such data. To respond to this need, Warpspace aims to promote space communication using optical communication methods, as opposed to conventional radio wave communication methods. We are developing software and hardware to support the introduction of optical communication technology, as well as to provide relay network services using this technology.
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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Source: Sidus Space
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