Sidus Space Receives NOAA Tier 1 License
29 11월 2022 - 11:00PM
Business Wire
Tier 1 license grant is a key milestone in
launch readiness preparations for LizzieSat’s expected maiden
flight in 2023
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, has secured U.S. regulatory approval to provide global
data services from its upcoming LizzieSat-1 mission through a Tier
1 license granted by the National Oceanographic and Atmospheric
Administration (NOAA).
“Securing the NOAA Tier 1 license, which has the fewest
conditions under a streamlined regulatory regime that came into
effect in 2020, is an important milestone toward our readiness to
launch,” stated Carol Craig, CEO of Sidus Space. “We look forward
to sharing additional milestone achievements as we continue to
execute our planned development and preparations for our LizzieSat
constellation.”
LizzieSat-1, the maiden flight of the planned LizzieSat
satellite constellation, is expected to launch on a SpaceX Falcon 9
in 2023 from Cape Canaveral, Florida into a mid-inclination Low
Earth Orbit. This orbit, matched with LizzieSat’s precise attitude
control capabilities, will allow for collection of thousands of
Earth images daily during LizzieSat-1’s multi-year mission.
LizzieSat-1 high-priority images will utilize “compute-on-the-edge”
technology to process imagery onboard before downlink, maximizing
operational efficiencies. Data from the mission will be supplied to
clients and consumers focused on maritime shipping industry
activities, climate change, and other commercially relevant
interests.
Sidus signed a multi-launch agreement with SpaceX for five
LizzieSat rideshare missions beginning in 2023. These five
satellite missions support previously announced customers as well
as potential future customers as Sidus continues to layer new
missions into its pipeline.
Sidus Space previously received NOAA approval for Earth imagery
mounted on its External Flight Test Platform (EFTP). EFTP is an
on-orbit external experimental facility which was designed,
manufactured, and assembled in-house at the Company’s facilities in
Cape Canaveral. EFTP is designed to mount externally to the
International Space Station (ISS) and promote electronics testing
to raise Technology Readiness Levels (TRL) at a low cost and a
reduced time frame. EFTP was successfully launched in November 2019
aboard the Northrop Grumman Cygnus (NG-12) mission. After nine
months of in-space testing, EFTP was returned inside the ISS and
transported back to Earth aboard a SpaceX Dragon spacecraft during
the CRS-21 mission.
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.
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 Dave Gentry RedChip Companies Inc.
SIDU@redchip.com 1-800-RED-CHIP (733-2447) Or 407-491-4498 Media
Contact Katie Kennedy Senior Vice President Gregory FCA
katiek@gregoryfca.com 1-610-731-1045 www.sidusspace.com
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