Sidus Space Announces Over $1.5M New Purchase Orders Received in January 2022 for Space Hardware and Services

Rhea-AI Summary

Sidus Space, Inc. (NASDAQ:SIDU) has received over $1.5 million in purchase orders for space hardware and services from four customers, including new and modified orders. This marks a strong start for 2022, showcasing Sidus Space's capabilities as a Space-as-a-Service provider. With over ten years in space hardware manufacturing, the company operates from a 35,000-square-foot facility in Cape Canaveral, Florida. The announcement highlights Sidus’s integral role in the space ecosystem and its mission of Bringing Space Down to Earth.

Positive

• Received over $1.5 million in purchase orders, indicating strong customer demand.
• Combination of new orders and modifications demonstrates ongoing customer relationships.
• Ten years of experience in manufacturing and testing space hardware enhances credibility.

Negative

• None.

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection is pleased to announce that it has received over $1.5 million in purchase orders for space hardware and services supporting four customers. The purchase orders received consist of both new orders and a modification to a previous purchase order.

“We are off to an excellent start for 2022. As a true space-as-a-service company, our space hardware manufacturing capability is an integral part of our full-stack offerings. Space hardware is a critical component and need within the space ecosystem,” said Carol Craig, Sidus Space Founder and CEO. Sidus Space has over ten years of experience manufacturing, assembling and testing space hardware with space flight heritage.

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 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 discussed in the 'Risk Factors' section of the final prospectus dated December 13, 2021, 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/20220210005372/en/

Investor Relations

James Carbonara

James@haydenir.com

+1-646-755-7412

Media

Karen Soriano

karen.soriano@sidusspace.com

+1-443-900-2437

http://www.sidusspace.com

Source: Sidus Space, Inc.

FAQ

What recent purchase orders has Sidus Space (SIDU) received?

Sidus Space (NASDAQ:SIDU) received over $1.5 million in purchase orders for space hardware and services.

How does Sidus Space contribute to the space ecosystem?

Sidus Space is a Space-as-a-Service company that offers satellite design, manufacturing, launch, and data collection.

What is the significance of the $1.5 million purchase orders for Sidus Space?

The purchase orders signify strong demand and affirm Sidus Space's role in providing critical space hardware.

Where is Sidus Space located?

Sidus Space operates from a 35,000-square-foot facility in Cape Canaveral, Florida.