Exo-Space’s FeatherEdge Data Processing
Platform to be Integrated into LizzieSatTM
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 a memorandum of understanding with
Exo-Space to further commercialize its satellite edge computing
technology.
With this partnership, Sidus Space will integrate Exo-Space’s
FeatherEdge Data Processing Platform into its hybrid 3D printed
satellite, LizzieSat™. Through collaboration on data processing and
storage technology in space, on-orbit testing of the device in a
space environment will provide proof-of-concept data, increase the
product’s overall Technology Readiness Level, and establish
integration processes for future collaborative missions.
This collaborative technology implementation will provide
near-real-time intelligence derived from Earth Observation data
while onboard the satellite, enabling both commercial and
government customers to take more effective action in
time-sensitive operations. Applications include but are not limited
to: identification of unregistered/dark marine vessels,
particularly for intervention against illegal fishing at the
source; identifying natural disasters, such as floods and wildfire
as they occur and tracking their progress and damage caused; and
identifying events that contribute to environmental crises such as
oil spills and methane leaks. With the proper sensor complement and
adequate presence and placement of satellite constellation
resources, this collaborative technology implementation can provide
persistent monitoring for real-time notification of events anywhere
on Earth.
“We are excited to partner with Exo-Space to provide
proof-of-concept for its critically important technology and a
long-term path for providing real-time solutions,” said Carol
Craig, Sidus CEO/Founder. “As we look at the landscape of space
opportunities, this is one of the many types of solutions we intend
to bring to our customers on our mission to ‘Bring Space Down to
Earth’ in a collaborative environment as a leading
Space-as-a-Service provider.”
“The shared vision between our companies provides a path to pair
our computing technology with Sidus’ spacecraft resources, enabling
the delivery of intelligence that will help to effectively address
a number of existing global crises humanity is facing, as well as
those that present themselves in the future,” said Jeremy Allam,
CEO & Co-founder, Exo-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 Exo-Space
Exo-Space, located in Los Angeles, California, develops high
performance data processing devices, and intelligent middleware to
enable implementation of computationally intensive data processing
applications, particularly those with a basis in artificial
intelligence and machine learning, onboard spacecraft. Operating in
an emerging market servicing customers that require
ultra-low-latency space analytics, Exo-Space has developed and
thoroughly tested a unique platform that creates mission
flexibility and high-performance computing for its host
spacecraft.
Exo-Space's technology provides benefits to both satellite
operators, adding a layer of intelligence to their operations, as
well as Earth-based entities, providing insights on Earth
Observation data collected with sub-minute latency. Exo-Space's
technology is built to operate anywhere that data is generated,
from Low Earth Orbit, to the moon, to Mars 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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version on businesswire.com: https://www.businesswire.com/news/home/20220823005315/en/
Investor Relations Kevin Holmes Chesapeake Group
kevinholmes@chesapeakegp.com +1-410-825-3930
Media Contact Katie Kennedy Gregory FCA
katiek@gregoryfca.com +1-610-731-1045
www.sidusspace.com
Sidus Space (NASDAQ:SIDU)
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