Sidus Space Announces Strategic Partnership With Aitech Systems Inc. to Support the LizzieSat™ Constellation

Rhea-AI Summary

Sidus Space, Inc. (NASDAQ:SIDU) has announced a strategic partnership with Aitech Systems to support the LizzieSat™ Constellation. Aitech will develop custom Command and Data Handling (C&DH) flight computers essential for the satellite's operations. The LizzieSats are 100kg microsatellites designed for rapid integration of customer technologies in Low Earth Orbit (LEO). This collaboration aims to enhance Sidus Space's capabilities in satellite manufacturing and data collection.

Positive

• Partnership with Aitech Systems enhances technological capabilities for LizzieSat Constellation.
• LizzieSat microsatellites allow rapid, cost-effective technology integration for multiple customers.

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• 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 a strategic partnership with Aitech Systems to support LizzieSat™ Constellation.

Through this partnership, Aitech Systems is developing and delivering custom LizzieSat Command and Data Handling (C&DH) flight computers and peripherals. “We have recently received initial components of our core C&DH system development environment from Aitech Systems to support LizzieSat," said Jamie Adams, Chief Technology Officer for Sidus Space. “The C&DH flight computers are a vital component of LizzieSat as they essentially function as the 'brain' of the system.”

LizzieSats (LS) are 3D manufactured Low Earth Orbit (LEO) microsatellites focused on rapid, cost-effective development and testing of upcoming innovative spacecraft technologies for multiple customers. LS is a 100kg (220-pound) satellite with space to rapidly integrate customer sensors and technologies.

About Aitech Systems

With 40 years of experience, Aitech Systems is the oldest and largest independent global high-tech manufacturer providing reliable, rugged embedded systems for the harshest, most unforgiving environments in military, defense, aerospace and space applications. Aitech Systems, based in Chatsworth, CA, offers custom integrated systems to take on the most challenging projects in the harshest environment and succeed. As a pioneer in space applications, Aitech Systems offers an unparalleled space pedigree with trillion of miles flown in a variety of space missions without a single failure.

About Sidus Space

Sidus Space, 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/20220304005243/en/

Investor Relations

Kevin Holmes

Chesapeake Group

+1-410-825-3930

kevinholmes@chesapeakegp.com



Media

Karen Soriano

karen.soriano@sidusspace.com

+1-443-900-2437

http://www.sidusspace.com

Source: Sidus Space, Inc.

FAQ

What is the recent partnership announced by Sidus Space (SIDU)?

Sidus Space announced a strategic partnership with Aitech Systems to support the LizzieSat Constellation.

What is the purpose of LizzieSats developed by Sidus Space?

LizzieSats are designed for rapid, cost-effective development and testing of innovative spacecraft technologies.

How does the partnership with Aitech Systems benefit Sidus Space (SIDU)?

Aitech Systems will develop custom Command and Data Handling flight computers, vital for the LizzieSat's operation.

What is the expected weight of the LizzieSat microsatellites?

Each LizzieSat weighs approximately 100kg (220 pounds).

Where is Sidus Space located?

Sidus Space operates from Cape Canaveral, Florida.