NEWS TODAY
Sidus Space Reflects on a Transformative 2024 and Prepares for Continued Growth in 2025
Monday, 30th December at 8:30 am
Major milestones, successful launches and expanding on-orbit capabilities highlight a successful year for the innovative space mission enabler
Sidus Space (NASDAQ: SIDU), an innovative and agile space mission enabler, today announced a year of significant achievements in 2024, marking a period of transformative growth and strategic milestones. With key launches, groundbreaking partnerships and expanding customer relationships, we believe Sidus is well-positioned to continue delivering innovative solutions and scalable data services in 2025.
Key Highlights from 2024:
Successfully launched LizzieSat™-1 in March and LizzieSat™-2 in December, establishing Sidus' micro-constellation for hosted payloads and delivering near real-time solutions for our customers' mission critical needs.
Selected to exclusively design and build the first-generation lunar fleet of Data Storage Spacecraft for Lonestar Data Holdings, a provider of premium data storage and Resiliency-as-a-Service (RAAS), which reinforces the adaptability of the LizzieSat™ platform.
Obtained FCC approval to operate a micro constellation of remote sensing, multi-mission satellites in Low Earth Orbit (LEO) (LizzieSat™2-5), positioning the company for continued growth.
In addition, Sidus made significant progress on its strategic initiatives including growing its customer base, expanding key partnerships, delivering performance excellence, driving innovation and strengthening its capital position, board and leadership team.
Growing Customer Base Across Multiple Business Areas
Integrated HEO Holmes Imager aboard LizzieSat™-2 and secured follow-on agreement for payload hosting and data services for LizzieSat™-3.
Secured contract with Xiomas Technologies to supply FeatherEdge™ computing system for fire detection via high-altitude infrared imaging.
Awarded $2 million contract from Craig Technologies to manufacture two fleet interactive display equipment (FIDE) pre-production unit main panels for U.S. Navy Propulsion systems.
Awarded subcontract on the $30M Intuitive Machines-led Moon RACER team for the NASA Lunar Terrain Vehicle Services (LTVS) contract in support of the Agency's Artemis Campaign.
Expanding Key Partnerships
Signed an MOU with NamaSys Bahrain to establish "Sidus Arabia," a Joint Venture headquartered in Saudi Arabia, to develop a satellite manufacturing facility and pursue joint initiatives.
Enhanced Sidus' sales reach by executing a partnership agreement with Orbital Transports for global market expansion.
Extended partnership as protégé with L3Harris under Department of Defense Mentor-Protégé Program.
Signed agreement with Neuraspace to provide space traffic management and LEOP (Launch and Early Operations) support services, enhancing Sidus' constellation operation capabilities.
Announced strategic partnership with Reflex Aerospace, a cutting-edge European satellite manufacturing startup, to deliver flexible, cost-effective, and high-performance solutions to meet diverse customer needs while strengthening the presence in global markets.
Delivering Performance Excellence
Monday, 30th December at 8:30 am
Major milestones, successful launches and expanding on-orbit capabilities highlight a successful year for the innovative space mission enabler
Sidus Space (NASDAQ: SIDU), an innovative and agile space mission enabler, today announced a year of significant achievements in 2024, marking a period of transformative growth and strategic milestones. With key launches, groundbreaking partnerships and expanding customer relationships, we believe Sidus is well-positioned to continue delivering innovative solutions and scalable data services in 2025.
Key Highlights from 2024:
Successfully launched LizzieSat™-1 in March and LizzieSat™-2 in December, establishing Sidus' micro-constellation for hosted payloads and delivering near real-time solutions for our customers' mission critical needs.
Selected to exclusively design and build the first-generation lunar fleet of Data Storage Spacecraft for Lonestar Data Holdings, a provider of premium data storage and Resiliency-as-a-Service (RAAS), which reinforces the adaptability of the LizzieSat™ platform.
Obtained FCC approval to operate a micro constellation of remote sensing, multi-mission satellites in Low Earth Orbit (LEO) (LizzieSat™2-5), positioning the company for continued growth.
In addition, Sidus made significant progress on its strategic initiatives including growing its customer base, expanding key partnerships, delivering performance excellence, driving innovation and strengthening its capital position, board and leadership team.
Growing Customer Base Across Multiple Business Areas
Integrated HEO Holmes Imager aboard LizzieSat™-2 and secured follow-on agreement for payload hosting and data services for LizzieSat™-3.
Secured contract with Xiomas Technologies to supply FeatherEdge™ computing system for fire detection via high-altitude infrared imaging.
Awarded $2 million contract from Craig Technologies to manufacture two fleet interactive display equipment (FIDE) pre-production unit main panels for U.S. Navy Propulsion systems.
Awarded subcontract on the $30M Intuitive Machines-led Moon RACER team for the NASA Lunar Terrain Vehicle Services (LTVS) contract in support of the Agency's Artemis Campaign.
Expanding Key Partnerships
Signed an MOU with NamaSys Bahrain to establish "Sidus Arabia," a Joint Venture headquartered in Saudi Arabia, to develop a satellite manufacturing facility and pursue joint initiatives.
Enhanced Sidus' sales reach by executing a partnership agreement with Orbital Transports for global market expansion.
Extended partnership as protégé with L3Harris under Department of Defense Mentor-Protégé Program.
Signed agreement with Neuraspace to provide space traffic management and LEOP (Launch and Early Operations) support services, enhancing Sidus' constellation operation capabilities.
Announced strategic partnership with Reflex Aerospace, a cutting-edge European satellite manufacturing startup, to deliver flexible, cost-effective, and high-performance solutions to meet diverse customer needs while strengthening the presence in global markets.
Delivering Performance Excellence
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