Join us on Wall Street StreetInsider Premium. Request your 1-week free trial here.
Sidus Space, Inc. (NASDAQ: SIDU), a space-as-a-service company focused on manufacturing mission-critical hardware combined with commercial satellite design, manufacture, launch and data acquisition, recently signed a satellite deployment agreement with Exo-Space signed to integrate and launch its artificial intelligence software technology on Earth observation satellites. Sidus Space will integrate Exo-Space’s payload into its hybrid 3D-printed LizzieSat TM satellite, which is expected to be deployed in 2023.
This technology implementation will provide near real-time information derived from Earth observation data while onboard the satellite, enabling both commercial and government and non-government customers to act more effectively on time-sensitive operations. This first launch will be a pilot mission, paving the way for additional units to be deployed on later launches. A broader range of sensor resources, increased computing capacity, and enhanced communications and connectivity are planned for these subsequent launches. With the right complement of sensors, communications systems, cloud environment, and appropriate presence and placement of satellite constellation resources, this technology can provide sustained surveillance for alerting of events anywhere on Earth in less than 60 seconds.
“As a leading provider of Space-as-a-Service solutions, we are pleased to have been selected as Exo-Space’s deployment partner to provide the proof of concept for its important technology,” said Carol Craig, Founder and CEO of Sidus. “As part of our mission of ‘Bringing Space Down to Earth,’ we want to enable our customers to test new technologies that will collectively advance the space ecosystem, and this agreement with Exo-Space aligns perfectly with our mission.”
“This launch begins with the implementation of an intelligence service unlike any currently available. The ability to track minute-by-minute activity anywhere on Earth or in space will revolutionize both commercial and government operations. Additionally, our intelligent tasking platform will provide access to bring information to a much wider audience,” said Jeremy Allam, CEO and co-founder of Exo-Space to pair Sidus, enabling the delivery of intelligence that will help effectively address a number of existing global crises, as well as those that may arise in the future.”
