Sidus Space to Host SOLAR MEMS Star Tracker on June SpaceX Mission

Rhea-AI Summary

Sidus Space (NASDAQ: SIDU) to Host SOLAR MEMS Star Tracker on Fourth LizzieSat Mission with SpaceX in June 2024

Positive

• Collaboration with SOLAR MEMS showcases Sidus' commitment to technological innovation and high-margin recurring revenue in the Data-as-a-Service (DaaS) business.
• Inclusion of Star Tracker in payload rideshare program highlights Sidus' dedication to providing opportunities for customers to test their technology aboard its satellites.
• The use of the Star Tracker aims to evaluate its capabilities for the broader satellite sensor market, indicating Sidus' focus on enhancing satellite functionality and performance.

Negative

• None.

June 2024 launch expected to include fourth LizzieSat^TM mission

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company today announced it will host a star tracker developed by SOLAR MEMS (the “Star Tracker”) on its fourth planned LizzieSat mission, currently scheduled to launch with SpaceX in June of next year.

Star Tracker (Photo: Business Wire)

Sidus will host the Star Tracker as a part of its payload rideshare program. This payload rideshare is available for customers to launch and test their own technology aboard Sidus’ satellites. As a part of the program, Sidus will provide space aboard its LizzieSat^TM satellite, along with launch support, testing, and the ability to conduct experiments over the expected five-year timeline of the mission, with the goal of evaluating the Star Tracker’s capabilities for the broader satellite sensor market.

Star trackers are used to determine a satellite’s orientation and position in space. SOLAR MEMS is a leader in Sun Sensor technologies for small and medium spacecraft. Its Star Tracker is autonomous and will be used to capture images of star constellations to help determine the accuracy of star locations and use that information to determine the satellite's orientation with respect to the Earth. Its robustness is based on highly used COTS devices together with space grade parts, and it is plug & play, so it does not need any additional electronic support or module for operating.

“Sidus is pleased to be selected by SOLAR MEMS as a trusted mission partner to host its Star Tracker, which uses the highest level of technological innovation to determine constellation locations,” commented Carol Craig, Sidus’ Founder and CEO. “Including SOLAR MEMS Star Tracker in our payload rideshare program is a natural fit with our emerging high-margin, recurring revenue, DaaS business, and we look forward to collaborating with SOLAR MEMS on this project.”

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a Space Data-as-a-Service and Defense-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. The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.

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.

Links
SOLAR MEMS: www.solar-mems.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230726896038/en/

Investor Relations

Valter Pinto or Jack Perkins

KCSA Strategic Communications

sidus@kcsa.com

(212) 896-1254



Media

Pam Davis

Sidus Space

mediateam@sidusspace.com

Source: Sidus Space

FAQ

What is the significance of Sidus Space hosting the SOLAR MEMS Star Tracker on its fourth LizzieSat mission?

The collaboration demonstrates Sidus' commitment to technological innovation and its focus on high-margin recurring revenue in the Data-as-a-Service (DaaS) business.

How will the inclusion of the Star Tracker benefit Sidus and its customers?

The inclusion of the Star Tracker in the payload rideshare program provides customers with the opportunity to test their technology aboard Sidus' satellites, highlighting the company's dedication to supporting technological advancements.

What is the goal of evaluating the Star Tracker's capabilities for the broader satellite sensor market?

The goal is to assess the Star Tracker's performance and its potential impact on enhancing satellite functionality and performance, aligning with Sidus' focus on technological advancement and innovation.