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Sidus Space Successfully Completes Contract to Deliver Onboard Computing Flight Hardware

By: Sidus Space via Business Wire

February 23, 2024 at 08:30 AM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service satellite company announced the successful completion of its contract to deliver critical flight hardware to a prominent European space company. The delivered hardware includes the FeatherEdge edge computing units, which will serve as the on-board computer for the customer's spacecraft.

The FeatherEdge flight units provided by Sidus Space play a pivotal role in facilitating communication between peripheral hardware on the satellite bus. Additionally, they serve as a robust data handling platform connected to an Earth Observing sensor onboard the satellite. This cutting-edge technology will enable the spacecraft to efficiently process and transmit data while in orbit.

"We are pleased to have delivered the FeatherEdge flight hardware to our European partner," said Jeremy Allam, Vice President of AI Products at Sidus Space. "This demonstrates our commitment to providing high-quality solutions for the space industry's evolving needs. We look forward to continuing our collaboration with partners worldwide to advance space exploration and satellite technology."

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a multi-faceted Space and Data-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 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. More than just a “Satellite-as-a-Service” provider, Sidus Space’s products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure to support customers 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240223038483/en/

Contacts

Investor Relations

Valter Pinto, Managing Director

KCSA Strategic Communications

sidus@kcsa.com

(212) 896-1254

For media inquiries:

press@sidusspace.com

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