Sidus Space concludes 2023 with remarkable achievements, laying the groundwork for an eagerly anticipated launch in Q1 2024.
2023: A Pivotal Year for Sidus Space
"2023 was a pivotal year for Sidus Space. We accomplished significant milestones, preparing for the launch of LizzieSat™, a testament to our commitment to advancing satellite data technology. Our achievements included expanding our services, securing new customers, enhancing our technology and completing the required testing for launch on SpaceX Transporter-10. As we look forward to the upcoming launch, our focus for 2024 remains on delivering unique and unparalleled solutions for our customers, testing cutting-edge technologies in space, and aligning our services to the evolving needs of a dynamic space economy," said Carol Craig, CEO and Founder of Sidus Space.
Preparation for Launch
Successful completion of required environmental testing of LizzieSat ahead of its upcoming launch on SpaceX’s Transporter-10 mission planned for March
Successful integration testing of command-and-control systems between Sidus Mission Control Center (MCC), Florida, KSAT Earth Stations worldwide, and LizzieSat’s onboard radios and command and control systems
Successful testing of onboard Artificial Intelligence (AI) computing capability for immediate, high-value data consumption by customers
New Contracts, Partnerships, and MOUs
Awarded multiple new contracts, partnerships and MOUs, serving the needs of low-Earth orbit customers, including: CACI, HEO (USA), LuLav, Maris-Tech, NASA Astra, Parsons, and SkyServe
Expanded Mission-Critical Hardware Manufacturing with contracts supporting Airbus OneWeb Satellites, NASA Mobile Launcher 2 program, and the US Navy Propulsion Program
Chosen as a Mentor/Protégé with L3 Harris
Advancing Technology
Expanded the Company’s capabilities and offerings through acquisition of Exo-Space, a California-based firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications
Executed Agreement with SkyWatch for the use of its TerraStream platform to manage, monetize and distribute space-based data
2024: A Year of Expected Growth
LizzieSat™ launch expected to be a catalyst for high margin revenue growth
Expanded focus on LEO and Lunar opportunities and partnerships
Expected increase in annualized revenue from subscription customers with existing and future data customer base
Additional satellite launches with new customers and technologies
"As we bid farewell to 2023, our sights are firmly set on the imminent launch of LizzieSat in 2024. We've successfully achieved critical milestones and secured vital revenue-generating contracts with key customers. The foundation is laid, and our robust customer base eagerly awaits the delivery of our AI-enhanced space data, poised to redefine the landscape for Sidus and the broader industry," said Carol Craig, CEO and Founder of Sidus Space.
For more information visit: https://sidusspace.com