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Sidus Space will manage integration, deployment, and operations for HemiCAT, including procuring a launch and operating HemiCAT in orbit.
The Netherlands Organization for Applied Scientific Research (TNO) signed a $2,500,000 agreement with Sidus Space to deploy and test TNO's laser communications technology aboard a Sidus LizzieSat satellite.
TNO will design and deliver HemiCAT, a high-efficiency miniature communications laser terminal, under the $2,500,000 agreement with Sidus Space.
Sidus Space operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on commercial satellite design, manufacture, launch, and data collection.
TNO selected Sidus Space because Sidus offers a turnkey solution that includes designing, building, and deploying flight-heritage hardware for demanding applications.
Sidus Space, Inc. (NASDAQ: SIDU) was awarded a multi-million dollar agreement with The Netherlands Organisation for Applied Scientific Research (TNO) to deploy and test TNO’s laser communications technology aboard a Sidus LizzieSat satellite.
Sidus Space plans to use LizzieSat for a space-based maritime surveillance and tracking system developed in partnership with Capital C, a superyacht designer.
Sidus Space had $4,400,000 in cash at the end of September 2022.
Under a Memorandum of Understanding, Sidus Space will assist Capital C in developing, delivering, and maintaining space-based monitoring capabilities for Capital C’s future fleet of superyachts.
Sidus Space raised $5,200,000 from the stock market on 2023-02-02 to support the LizzieSat constellation.
Sidus Space recorded $1,320,000 in revenue for the three months to 2022-09-30, up from $500,000 for the corresponding period in 2021.
Sidus Space has raised about $24,000,000 from the stock market since its founding.
Sidus Space’s shares had an initial offering price of $5 in December 2021.
Sidus Space expects to deploy its first 100-kilogram LizzieSat satellites in 2023 from the International Space Station and via SpaceX rideshare missions.
Less than a year after receiving $15,000,000 from its initial public offering, Sidus Space entered into a stock purchase agreement on 2022-08-10 enabling it to raise up to $30,000,000 of additional equity.
About $3,500,000 was raised under Sidus Space’s 2022-08-10 stock purchase agreement in the three months to the end of September.
Sidus Space’s total operating expenses reached $3,700,000 for the third quarter of 2022, compared with just over $9,000 for the same period in 2021.
Copies of Sidus Space’s final prospectus may be obtained from EF Hutton, division of Benchmark Investments, LLC, at 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at syndicate@efhuttongroup.com.
Sidus Space signed an agreement with SkyWatch to use the TerraStream data-management platform.
LizzieSat-1, the maiden flight of Sidus Space’s multi-mission satellite constellation, is expected to launch in 2023 into a mid-inclination Low Earth Orbit from Cape Canaveral, Florida.