SIDU Expanding Operations to the Middle East

CAPE CANAVERAL, Fla., June 25, 2024--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ: SIDU), a provider of end-to-end precision space infrastructure solutions that include satellite data as a service on its proprietary orbiting platform, announced today the execution of a Memorandum of Understanding (MOU) outlining its collaboration with NamaSys, a multi discipline Technology & Electronic Security Consultancy for the establishment of a joint venture with a mission to build, own and operate a satellite manufacturing, production, assembly and integration facility in the Middle East supporting Gulf Cooperation Council (GCC) countries and beyond.

The MOU outlines that the parties intend to serve and fulfill the needs and requirements of government and private clients across the Middle East and North Africa (MENA) region while sharing a unified mission of fostering science and technology development. With multiple value propositions, the initial scope of this rewarding collaboration will center attention on exploring opportunities for sustained access to space for the GCC countries through the establishment of satellite manufacturing and space-based data collection.

"This important and accretive relationship is the cornerstone for launching our satellite operations and on-orbit services into the GCC region. The immediate benefits of our technology and services to the Gulf states are a game changer for both the Middle East and Sidus Space" said Carol Craig, Founder and CEO of Sidus Space.

"The recent advances in 3D printing, specifically in manufacturing lightweight complex designs for the space industry, will definitely serve as the catalyst in bringing the GCC region closer to par with the leaders in this industry" said Manhal AlQaisi, CEO of NamaSys. "Under the guidance and support of a technical JV partner such as Sidus Space, we are confident that we made the right choice."

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a multi-faceted Space Infrastructure as a Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service 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 Space products and services are offered through its several business units: Space-as-a-Service, Space-Based Data Solutions, AI/ML Products and Services, Mission Planning and Management Operations, 3D Printing and Products and Services, Satellite Manufacturing and Payload Integration. and Space and Defense Hardware Manufacturing. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.