Sidus Space Announces the Upcoming Launch of LizzieSat™ Aboard a NASA Resupply Services Rocket

Rhea-AI Summary

Sidus Space, Inc. (NASDAQ: SIDU) has announced the upcoming launch of its LizzieSat™ satellite to the International Space Station (ISS) later this year. The multi-mission satellite will cater to various customer needs, providing data from Low Earth Orbit through established communications and navigation systems. The satellite is expected to be delivered via NASA's Commercial Resupply Services, specifically through SpaceX and Northrop Grumman. The Preliminary Design Review is complete, and final customer payloads are being tracked for a Q4 2022 launch.

Positive

• Successful completion of Preliminary Design Review for LizzieSat™.
• Launch planned for Q4 2022, enhancing market presence.

Negative

• Possible delays in launch schedules or deployment.
• Dependence on NASA's Commercial Resupply Services may pose risks.

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 its forward progression towards launch of its LizzieSat™ (LS) satellite to the International Space Station (ISS). This mission is slated to take place later this year.

LS is a multi-mission satellite that supports custom payloads and customer needs leveraging space flight-proven communications, power, navigation and computing subsystems to provide domestic and international customers with valuable data from Low Earth Orbit.

LS is expected to be delivered to the ISS through NASA’s Commercial Resupply Services (CRS) contract (wherein SpaceX and Northrop Grumman are contracted to launch to the orbiting laboratory) and deployed from a Japanese Experimentation Module (JEM) Airlock using the Space Station Integrated Kinetic Launcher for Orbital Payloads (SSIKLOPS) managed by Sidus Space.

“With our Preliminary Design Review complete, we are finalizing our customer payloads and tracking for a Q4 2022 CRS launch,” said Jamie Adams, Chief Technology Officer for Sidus Space. “We look forward to the continued momentum of the LizzieSat program to benefit our global customers and partners.”

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. 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/20220329005418/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 Sidus Space's stock symbol?

Sidus Space's stock symbol is SIDU.

When is the LizzieSat™ launch scheduled?

The LizzieSat™ launch is scheduled for Q4 2022.

What will the LizzieSat™ satellite provide?

The LizzieSat™ satellite will provide valuable data from Low Earth Orbit.

Who is facilitating the LizzieSat™ launch?

The launch is facilitated through NASA’s Commercial Resupply Services with SpaceX and Northrop Grumman.

What is the significance of the Preliminary Design Review for LizzieSat™?

The completion of the Preliminary Design Review indicates a major step towards finalizing the satellite's customer payloads.