An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Sidus Space Selects Exolaunch for LizzieSatTM Deployment During LizzieSat Rideshare Missions with SpaceX
Rhea-AI Impact
(High)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Sidus Space (NASDAQ:SIDU) has signed an agreement with Exolaunch to use the CarboNIX separation system for deploying LizzieSat satellites during SpaceX rideshare missions in 2023 and 2024. This contract ensures reliable deployment and includes technical support for safe microsatellite operations. Sidus previously secured a multi-launch deal with SpaceX for five missions. The CarboNIX system boasts a 100% success rate across 10 missions. Sidus aims to enhance its Space-as-a-Service offerings, capitalizing on the projected growth in the SmallSat manufacturing market, expected to reach $55.6 billion by 2033.
Positive
Agreement with Exolaunch enhances deployment capabilities for LizzieSat satellites.
100% success rate of CarboNIX system boosts confidence in satellite deployment.
Secured multi-launch agreement with SpaceX for five missions increases operational scale.
Projected growth in SmallSat market indicates strong future demand for Sidus's services.
Negative
None.
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection, recently signed an agreement with Exolaunch to use their CarboNIX separation system to deploy LizzieSatTM satellites during the LizzieSat rideshare missions with SpaceX in 2023 and 2024. This agreement includes comprehensive technical support that ensures safe, reliable LizzieSat microsatellite deployment.
Earlier this year, Sidus signed a multi-launch agreement with SpaceX for five LizzieSat rideshare missions beginning in 2023. As a follow-on to the SpaceX agreement, Sidus chose Exolaunch’s CarboNIX deployment system for LizzieSat separation from the launch vehicle for those five missions. CarboNIX will deploy each LizzieSat seamlessly and evenly via its patented synchronous spring pusher system. CarboNIX also ensures an average tumbling rate of under 1° per second post-release on all three axes, making it the lowest-shock and lowest-tumbling separation system yet deployed in space. CarboNIX has so far flown on 10 missions and deployed 40 satellites with a 100% success rate.
John Curry, Sidus Chief Mission Operations Officer, says “Sidus’s highest priority is getting LizzieSat and our customers into space safely and reliably. This Exolaunch multi-mission agreement to deploy LizzieSats from the launch vehicle provides Sidus customers high confidence their hosted payloads will arrive safely in orbit”.
“The Space-as-a-Service offering via the LizzieSat platform is extremely valuable for organizations seeking to deploy their technologies and products in orbit. Exolaunch is proud to have signed a multi-mission hardware agreement with Sidus Space to provide integration services and a smooth separation of LizzieSat via the CarboNIX separation rings,” says Kier Fortier, Managing Director, Exolaunch USA.
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. According to Euroconsult, the SmallSat (spacecraft with a mass of less than 500 kg) manufacturing market is expected to grow 258% to $55.6 billion in the next decade. The total space economy is forecasted to surpass $1 trillion by 2040, up from $370 billion in 2020.
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.
About Exolaunch
Exolaunch (Germany, USA) is a global leader in rideshare launch, integration, deployment, in-space logistics services and products for the NewSpace industry. With a decade of flight heritage and 232 satellites launched over 17 missions via various global launch vehicles, Exolaunch leverages keen industry insight to develop tailored one-stop solutions to meet customer needs and address market trends. Exolaunch fulfils launch contracts for NewSpace leaders, the world's most innovative startups, research institutions, government organizations and various space agencies. The company also manufactures its own flight-proven and industry-leading small satellite deployers and develops a line of environmentally friendly orbital transfer vehicles (OTVs), known as Reliant, for last-mile satellite delivery, in-space logistics and space debris removal. Exolaunch is committed to make orbit accessible to all and to promote the safe, sustainable and responsible use of space.
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, 2021, 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.
What recent agreement did Sidus Space sign regarding satellite deployment?
Sidus Space signed an agreement with Exolaunch to use their CarboNIX separation system for deploying LizzieSat satellites during SpaceX rideshare missions in 2023 and 2024.
What is the significance of the CarboNIX separation system for Sidus Space?
The CarboNIX system ensures reliable and safe deployment of LizzieSat satellites, boasting a 100% success rate on previous missions.
How many rideshare missions has Sidus Space secured with SpaceX?
Sidus Space has secured a multi-launch agreement with SpaceX for five rideshare missions starting in 2023.
What is the projected growth of the SmallSat market?
The SmallSat manufacturing market is expected to grow by 258% to $55.6 billion over the next decade.
What is Sidus Space's primary focus?
Sidus Space focuses on Space-as-a-Service, including satellite design, manufacturing, launch, and data collection.
