Sidus Space Secures Position on Upcoming Bandwagon Mission
- Sidus Space plans to increase data revenue by reallocating two LizzieSats to a Bandwagon mission with SpaceX.
- The inclusion of additional sensors and enhanced AI capabilities adds value to the launches and develops new high-margin business lines.
- The Company expects to have five LizzieSats on orbit in its constellation by Q3 2024, increasing the amount of data that can be collected for sale.
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Updated mission date allows inclusion of additional sensors and expanded field of view, increasing both payload and data revenue
While initially planning to launch its first LizzieSat on Transporter-9 in Q4 2023, the Company has adjusted its launch manifest to take advantage of the opportunity to cover more populated areas and increase data revenue. The updated schedule targets a first launch in Q1 2024 followed by two LizzieSats on a Bandwagon mission in Q2 2024.
“The Bandwagon mission is exciting because it gives us the ability to place multiple LizzieSats in dissimilar orbits, enabling us to capture higher revenue generating data while increasing our payload and data customers,” commented Carol Craig, Sidus’ Founder and CEO. “This, when combined with the inclusion of additional sensors and enhanced AI capabilities on our initial flight, adds value as we get closer to initiating these launches and developing new, high-margin business lines.”
The Company continues to be manifested for the launch of a single LizzieSat with SpaceX on Transporter-10 in Q1 2024 and two additional LizzieSats on Transporter-11 in Q2 2024, which will result in an expected five LizzieSats on orbit in the Company’s constellation by the end of the third quarter of 2024. The LizzieSats deployed on Bandwagon will operate in synergy with those on Transporter missions as the complementary orbits increase both the value and the amount of data that can be collected for sale by the Company.
John Curry, Chief Mission Operations Officer, stated, "The convergence of our orbit inclination, advanced payloads, and EdgeAI capabilities enables us to provide an unparalleled data service to our customers. Our capability to address a critical void through wide area spectral data imaging greatly enhances LizzieSat’s overall potential."
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space and Data-as-a-Service company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is located in
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 Space 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.
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Investor Relations
Valter Pinto or Jack Perkins
KCSA Strategic Communications
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Media
Pam Davis
Sidus Space
mediateam@sidusspace.com
Source: Sidus Space
