LS-2 Environmental Testing complete in Preparation for Upcoming Launch
CAPE CANAVERAL, Fla., October 01, 2024--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU) (the "Company" or "Sidus"), a full stack vertically integrated satellite manufacturer and operator with diverse space services capabilities including engineering, contract manufacturing, product development and mission operations, announces the successful completion of a critical milestone: the environmental testing of LizzieSat?-2 (LS-2). This key achievement comes as the Company prepares for the upcoming launch which is planned to carry LS-2 into Low Earth Orbit later this year.
Carol Craig, CEO of Sidus Space, commented on the achievement: "The completion of environmental testing represents a crucial milestone for Sidus Space as we move towards the launch of LizzieSat-2. This testing validates that our satellite can withstand the rigorous conditions of launch and space. I commend our team for their diligent efforts in refining our processes based on insights from our inaugural LizzieSat? mission in March. We are focused on the upcoming launch and the expansion of our LizzieSat? offerings, which will be a key driver of our growth strategy."
The environmental testing, conducted by Element U.S. Space & Defense in Orlando, subjected the fully integrated LS-2 satellite to comprehensive random vibration tests, simulating launch conditions and verifying its structural integrity. These tests confirmed that LS-2 and its instruments can withstand more than three times the maximum predicted launch environment while maintaining full functionality in orbit.
"LizzieSat-1, which has now been in orbit for over 200 days since launching in March, is performing well," said John Curry, Chief Mission Operations Officer. "Not all companies are fortunate to celebrate first-launch success. The Sidus team worked tirelessly to gather insights and lessons from LS-1, enabling us to swiftly implement enhancements for LS-2 to not only address increasing customer demands but expand data collection capabilities."
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space Infrastructure company dedicated to advancing the frontiers of space exploration, satellite deployment, and space-based data collection. Established with a vision for innovation and sustainability, Sidus Space specializes in developing cutting-edge solutions for satellite manufacturing, data collection and analytics, and advanced mission planning. Our mission is to make space more accessible and sustainable by revolutionizing satellite manufacturing and space-based data collection. With a commitment to excellence and a focus on driving innovation, Sidus Space is poised to shape the future of Space.
With capabilities including mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support, Sidus is based in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space Infrastructure 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 is not limited to a single focus but provides a diversified range of products and services. The Company can meet the needs of an evolving and growing space ecosystem and customer base through its several business units: Space-Based Data Solutions, AI/ML Products and Services, Mission Planning and Management Operations, 3D Printing and Products and Services, Satellite Manufacturing and Payload (or Technology) Integration. and Space and Defense Hardware Manufacturing. 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, 2023, 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.
