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Sidus Space’s Revolutionary 3D-Printed Satellite Highlighted by Markforged
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Sidus Space (NASDAQ:SIDU) has unveiled a video in partnership with Markforged, highlighting the role of 3D printing in developing its LizzieSat™ satellites. The company utilizes Markforged's technology to produce satellite components, enhancing efficiency and cost-effectiveness. CEO Carol Craig noted the positive impact of Markforged's printers on their External Flight Test Platform mission at the ISS. The LizzieSat™ constellation aims to provide on-demand geospatial intelligence, transitioning from static imaging solutions. Sidus Space operates from a 35,000-square-foot facility in Cape Canaveral, Florida, focusing on commercial satellite design and manufacturing.
Positive
Partnership with Markforged enhances 3D printing capabilities for satellite components.
Introduction of LizzieSat™ aims to meet growing demand for real-time geospatial intelligence.
Successful application of Markforged technology in prior ISS missions demonstrates reliability.
Negative
None.
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--
Sidus Space, Inc. (NASDAQ:SIDU), a Space-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, is pleased to unveil a video from its partner, Markforged, who is a key player in Sidus’ 3D-printed LizzieSat™ satellites. The video is featured on Markforged's YouTube channel. A renowned additive manufacturing corporation, Markforged is the innovator behind The Digital Forge - a full-spectrum industrial platform of 3D printers, software, and materials which empowers manufacturers like Sidus Space to craft parts when and where they need them.
"Markforged 3D printers initially played an important role in our successful External Flight Test Platform (EFTP) mission, an on-orbit external experimental facility that was hosted on the NanoRacks International Space Station External Platform (NREP)," commented Carol Craig, Sidus Space Founder and CEO. "Building on the success of our EFTP program, we have continued to leverage Markforged solutions in the development of LizzieSat™."
Sidus Space's LizzieSat™ multi-purpose constellation is designed to meet the precise conditions of commercial and governmental demands in our increasingly interconnected, cloud-based, and data-driven world. The LizzieSat™ platform aims to take advantage of a shift away from static and low-frequency satellite imaging and geospatial solutions toward on-demand access of real-time geospatial intelligence.
By leveraging Markforged 3D printers, Sidus Space has been able to fabricate components quickly and effectively for multiple programs, which enables the Company to meet customer requirements in a cost-effective and timely manner.
"Markforged has been an incredible partner to us over the years," remarked Craig. "We are honored to be highlighted in one of their videos, as it speaks to our commitment to providing innovative, reliable and cost-effective solutions to our customers."
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 broad range of Space-As-a-Service offerings including space-rated hardware manufacturing, design engineering, satellite manufacturing and platform development, launch and support services, data analytics services and satellite constellation management.
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 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, 2022, 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.
Sidus Space has partnered with Markforged to utilize their 3D printing technology for developing LizzieSat™ satellites.
How does Sidus Space's LizzieSat™ platform aim to revolutionize satellite services?
The LizzieSat™ platform is designed to provide on-demand access to real-time geospatial intelligence, moving away from static imaging solutions.
What impact has Markforged's technology had on Sidus Space's operations?
Markforged's technology has enabled Sidus Space to fabricate satellite components quickly and cost-effectively, enhancing their operational efficiency.
Where is Sidus Space located?
Sidus Space operates from a 35,000-square-foot facility in Cape Canaveral, Florida.
What are the key services offered by Sidus Space?
Sidus Space offers a range of services including satellite design, manufacturing, launch planning, and data analytics.
