Sidus Space Signs Memorandum of Understanding with Dhruva Space Expanding their Collaborative Partnership to Serve Global Customers with Space Technologies and Services
06 5월 2022 - 10:00PM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite
company focused on commercial satellite design, manufacture,
launch, and data collection, recently signed a memorandum of
understanding with Dhruva Space Private Limited to further
commercialization of new and innovative space technologies and
services.
With this partnership, Sidus Space and Dhruva Space will explore
collaborations to support the missions of the space programs in
India and the United States through strategic alignment and
value-add agreements related to satellites, Mission Operations
Centers, Ground Stations, space-related hardware and software, and
other technologies.
The partnership will include a foundation of services that will
support:
- Each company’s individual research and development of new space
technologies, while also pursuing space science research and
planetary exploration;
- Collaboration on the fielding of satellites and related
technologies;
- The discovery and expansion of knowledge for the benefit of
humanity; and
- The commercialization of tested and sustained space
technologies.
The agreement will also include the sales and marketing of
manufacture, integration, and deployment of satellites to rapidly
raise the Technology Readiness Level (TRL) for technologies with
on-orbit testing of subsystems and other technologies in a space
environment.
“Our renewed and enhanced agreement with Dhruva Space is another
significant step towards our collective plans to design,
manufacture, deploy and support constellation-based solutions for
global commercial and government customers. This agreement with
Dhruva was just one of the many significant customer and partner
opportunities that came out of the SATELLITE 2022 conference in
March,” said Carol Craig, Sidus CEO/Founder. “We believe this
relationship with Dhruva will significantly increase the number of
potential opportunities and customers of both companies. With
Dhruva, we look forward to meeting our goals of bringing space down
to Earth for anyone with our turnkey solutions.”
"Following the exciting events of Sidus Space undertaking a
zero-gravity test of our CubeSat deployer in December 2021, we look
forward to this new phase of our partnership with Sidus Space that
marks a new phase of growth and collaboration. We look forward to
aggrandizing the Government of India's emerging and progressive
Space Policy initiatives, as the privatization of India's Space
Sector moves ahead. The continuation of the Sidus Space-Dhruva
Space partnership will engender stronger bilateral cooperation
between India's and the United States' commercial spheres to
jointly offer Space Technology solutions for the global market,"
said Sanjay Nekkanti, CEO & Co-founder, Dhruva Space.
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.
About Dhruva Space
Dhruva Space, founded in 2012, is a Full-Stack Space Engineering
Solutions provider, based in Hyderabad, India and in Graz, Austria.
The company is active across space, launch, and ground segments and
supports civilian and defense clients worldwide.
Dhruva Space offers satellites teamed with Earth Stations and
launch services as an integrated solution or individually as
technology solutions to power space-based applications on Earth and
beyond.
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, 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.
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Investor Relations Kevin Holmes Chesapeake Group
kevinholmes@chesapeakegp.com +1-410-825-3930
Media Karen Soriano karen.soriano@sidusspace.com
+1-443-900-2437
www.sidusspace.com
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