Sidus Space Continues to Add Contracts for Data Collected by LizzieSat Satellites Ahead of Planned Launch

November 03, 2023

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Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, today announced it has signed an additional agreement to sell the data that it expects to collect with its LizzieSatTM satellites.

Sidus, through its LizzieSat satellites, is expecting to collect data through multiple onboard sensors and receivers.  These sensors and receivers include hyperspectral, multispectral, AIS, optical and other sensors which will provide data relevant to multiple industries and sectors.  LizzieSat is designed for coincident data collection via these multiple sensors.  In addition to raw data, by applying the Company’s onboard FeatherEdge AI, near real-time, actionable intelligence will be available to our customers. Delivery of data is expected to begin 30 days after deployment of LizzieSat which is manifested to launch with SpaceX in the first quarter of 2024.

“As we look to build our LizzieSat constellation over the next several years, we have focused our sales teams on securing additional contracts for our Low Earth Orbit data.  While we are often prohibited from releasing the details of our client agreements, we plan to continue to update our shareholders on our progress as we build the new revenue streams that will result from the launch of our LizzieSat constellation,” said Carol Craig, Sidus’ CEO and Founder. “Data-as-a-Service is expected to provide some of the highest margins of our revenue streams, which also include technology hosting aboard our LizzieSats and mission-critical hardware manufacturing. We expect this agreement to be one of many opportunities to sell the data collected by our growing constellation.”

Source : Sidus Space