Latest news with #SidusSpace
Yahoo
22-05-2025
- Business
- Yahoo
Sidus Space (SIDU) Launches Fortis VPX an AI Enabled Module Enabling Complex Missions
On May 22, Sidus Space, Inc. (NASDAQ:SIDU) announced the launch of its Fortis VPX, a modular computing system. This ruggedized system is designed for high-reliability command and data handling, and advanced AI/ML processing, and will enable precision navigation in extreme conditions. The new Fortis VPX follows the Sensor Open Systems Architecture (SOSA) and also uses industry-standard 3U VPX form factor, which enables rapid integration across maritime, land, space, and airborne applications. A close-up shot of a technician assembling a precision component of a low earth orbit microsatellite. The company anticipates Fortis' line of products will contribute to Sidus Space, Inc.'s (NASDAQ:SIDU) growing portfolio of space-qualified and defense-grade technologies. Earlier, during the fiscal first quarter 2025 update, the company introduced VPX technology, which is a Position, Navigation, and Timing Card (PNT) module addressing operational challenges in GPS-denied or contested environments. CEO of Sidus Space, Inc. (NASDAQ:SIDU), Carol Craig commented: 'Fortis VPX is a force multiplier for AI-driven mission systems. Its modularity, computing power, and SOSA-aligned compatibility enables customers to quickly adapt to evolving mission requirements while reducing total lifecycle costs.' Sidus Space, Inc. (NASDAQ:SIDU) is a United States-based space systems enabler that provides innovative solutions across satellite design, space data services, and space manufacturing. While we acknowledge the potential of SIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SIDU and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Sidus Space Launches Fortis™ VPX: A Ruggedized, AI-Powered 3U OpenVPX Module Supporting Complex Missions from Sea to Space
Modular computing system unlocks new market opportunities across space, defense, and maritime sectors CAPE CANAVERAL, Fla., May 22, 2025--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU), (the "Company" or "Sidus"), an innovative space and defense technology provider, today announced the launch of Fortis™ VPX, a ruggedized, modular, SOSA™ aligned computing system engineered for high-reliability command and data handling (C&DH), advanced artificial intelligence/machine learning (AI/ML) processing, and precision navigation in extreme environments. The Fortis™ line of products establishes a new cornerstone in Sidus' expanding portfolio of space-qualified and defense-grade technologies, designed to support the increasing demand for edge computing across commercial and government sectors. Fortis™ VPX provides the scalable digital backbone needed to accelerate mission development timelines, reduce integration complexity, and support software-defined operations. Leveraging an open architecture and industry-standard 3U VPX form factor, Fortis™ is built for rapid integration into a range of applications across maritime, land, space, and airborne domains. "Fortis™ VPX is a force multiplier for AI-driven mission systems," said Carol Craig, CEO of Sidus Space. "Its modularity, computing power, and SOSA™ aligned compatibility enables customers to quickly adapt to evolving mission requirements while reducing total lifecycle costs." Strategic Alignment & Market Relevance With integrated AI/ML processing, secure navigation, and robust C&DH capabilities, Fortis™ VPX is positioned at the intersection of defense modernization, commercial space infrastructure, and autonomous systems development. The systems' modularity and dual-use applicability support a broad spectrum of use cases across satellite constellations, tactical ground systems, unmanned aerial vehicles (UAV), and intelligence, surveillance, and reconnaissance (ISR) platforms. Alignment with the SOSA™ Technical Standard and Sidus' proprietary IP supports recurring revenue opportunities through both system sales and service-based contracts across defense, aerospace, maritime, and commercial end uses. Why Fortis™ VPX Is Like No Other Proven AI in Space Since 2023: Sidus Space leads the edge-computing revolution in orbit, with operational AI deployment in 2023, positioning Sidus as one of the earliest entrants with heritage in space-qualified AI/Edge platforms Capturing VPX Market Momentum: Fortis™ VPX targets the rapidly growing market and expanding requirements for autonomous, edge-deployed intelligence in defense and aerospace sectors Strategic Focus on Edge AI Capabilities: Engineered to enable autonomous, low-latency AI processing at the edge, Fortis™ VPX meets the surging demand for near real-time intelligence across multiple domains Smart, Software-Defined Payload Architecture: Fortis™ combines VPX single board computers (SBC) with FeatherEdge™ AI to enable dynamic, software-defined payloads capable of adapting to changing mission parameters across domains Multi-Domain, Modular Platform: Designed for seamless deployment across all operational domains: Air: Tactical UAV systems Sea: Underwater autonomous vehicles Land: ISR ground systems and mobile C2 nodes Space: Radiation-hardened VPX AI payloads Spaceflight Heritage: Our FeatherEdge™ AI system, now integrated with Fortis™, has achieved Technology Readiness with LizzieSat™-3, demonstrating full mission qualification in orbit Scalable, Agile Manufacturing: Sidus combines vertical integration with rapid manufacturing processes to deliver Fortis™ VPX at scale "The recent launch of China's first AI-focused satellite, part of a planned 2,800-satellite constellation, signals a global acceleration in edge AI computing," said Val Ojdanic, Chief Technology Officer at Sidus Space. "Fortis™ VPX is built to meet this demand with the scalability, ruggedization, and AI readiness required to power next-generation infrastructure across domains." About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. View source version on Contacts Investor Relations investorrelations@ Media Inquiries press@ Sign in to access your portfolio
Business Wire
22-05-2025
- Business
- Business Wire
Sidus Space Launches Fortis™ VPX: A Ruggedized, AI-Powered 3U OpenVPX Module Supporting Complex Missions from Sea to Space
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU), (the 'Company' or 'Sidus'), an innovative space and defense technology provider, today announced the launch of Fortis™ VPX, a ruggedized, modular, SOSA™ aligned computing system engineered for high-reliability command and data handling (C&DH), advanced artificial intelligence/machine learning (AI/ML) processing, and precision navigation in extreme environments. The Fortis™ line of products establishes a new cornerstone in Sidus' expanding portfolio of space-qualified and defense-grade technologies, designed to support the increasing demand for edge computing across commercial and government sectors. Fortis™ VPX provides the scalable digital backbone needed to accelerate mission development timelines, reduce integration complexity, and support software-defined operations. Share Fortis™ VPX provides the scalable digital backbone needed to accelerate mission development timelines, reduce integration complexity, and support software-defined operations. Leveraging an open architecture and industry-standard 3U VPX form factor, Fortis™ is built for rapid integration into a range of applications across maritime, land, space, and airborne domains. 'Fortis™ VPX is a force multiplier for AI-driven mission systems,' said Carol Craig, CEO of Sidus Space. 'Its modularity, computing power, and SOSA™ aligned compatibility enables customers to quickly adapt to evolving mission requirements while reducing total lifecycle costs.' Strategic Alignment & Market Relevance With integrated AI/ML processing, secure navigation, and robust C&DH capabilities, Fortis™ VPX is positioned at the intersection of defense modernization, commercial space infrastructure, and autonomous systems development. The systems' modularity and dual-use applicability support a broad spectrum of use cases across satellite constellations, tactical ground systems, unmanned aerial vehicles (UAV), and intelligence, surveillance, and reconnaissance (ISR) platforms. Alignment with the SOSA™ Technical Standard and Sidus' proprietary IP supports recurring revenue opportunities through both system sales and service-based contracts across defense, aerospace, maritime, and commercial end uses. Why Fortis™ VPX Is Like No Other Proven AI in Space Since 2023: Sidus Space leads the edge-computing revolution in orbit, with operational AI deployment in 2023, positioning Sidus as one of the earliest entrants with heritage in space-qualified AI/Edge platforms Capturing VPX Market Momentum: Fortis™ VPX targets the rapidly growing market and expanding requirements for autonomous, edge-deployed intelligence in defense and aerospace sectors Strategic Focus on Edge AI Capabilities: Engineered to enable autonomous, low-latency AI processing at the edge, Fortis™ VPX meets the surging demand for near real-time intelligence across multiple domains Smart, Software-Defined Payload Architecture: Fortis™ combines VPX single board computers (SBC) with FeatherEdge™ AI to enable dynamic, software-defined payloads capable of adapting to changing mission parameters across domains Multi-Domain, Modular Platform: Designed for seamless deployment across all operational domains: Air: Tactical UAV systems Sea: Underwater autonomous vehicles Land: ISR ground systems and mobile C2 nodes Space: Radiation-hardened VPX AI payloads Spaceflight Heritage: Our FeatherEdge™ AI system, now integrated with Fortis™, has achieved Technology Readiness with LizzieSat™-3, demonstrating full mission qualification in orbit Scalable, Agile Manufacturing: Sidus combines vertical integration with rapid manufacturing processes to deliver Fortis™ VPX at scale 'The recent launch of China's first AI-focused satellite, part of a planned 2,800-satellite constellation, signals a global acceleration in edge AI computing,' said Val Ojdanic, Chief Technology Officer at Sidus Space. 'Fortis™ VPX is built to meet this demand with the scalability, ruggedization, and AI readiness required to power next-generation infrastructure across domains.' About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Yahoo
16-05-2025
- Business
- Yahoo
Q1 2025 Sidus Space Inc Earnings Call
Adarsh Parekh; Chief Financial Officer; Sidus Sapce Inc Carol Craig; Chairwoman of the Board, Chief Executive Officer, Founder; Sidus Space Inc Operator Greetings. And welcome to the Sidus Space first-quarter 2025 results conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce Adarsh Parekh, Chief Financial Officer. Please go ahead. Adarsh Parekh Good evening, everyone. Thank you for joining us for Sidus Space's 2025 first-quarter earnings conference call. Joining us, today, from the company is Carol Craig, Chairman and Chief Executive Officer; and myself, Adarsh Parekh, Chief Financial Officer. During today's call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions, and as a result, are subject to risks and uncertainties. Many factors could cause actual results to differ, materially, from the forward-looking statements made on this call. These factors include our ability to estimate operational expenses and liquidity needs, customer demand, supply chain delays, including launch providers, and extended sales cycles. For more information about these risks and uncertainties, please refer to the risk factors in the company's filings with the Securities and Exchange Commission, each of which can be found on our website, Listeners are cautioned not to put any undue reliance on forward-looking statements. And the company specifically disclaims any obligation to update the forward-looking statements that may be discussed during this call. At this time, I would like to turn the call over to Carol. Carol, please go ahead. Carol Craig Thank you, Adarsh. Welcome, everyone, to the first-quarter 2025 earnings call. On today's call, I'll outline our key accomplishments during Q1. And Adarsh will present the financial highlights. I'll, then, share our outlook for Q2 and beyond. The first quarter of 2025 marked another major step forward in Sidus Space's evolution toward becoming a vertically integrated, diverse, multi-domain solutions provider. While our current operations remain space-focused, we're preparing to scale our capabilities across air, sea and terrestrial environments powered by a new generation of rugged dual-use technologies that will redefine how missions are executed in challenging domains. Our mission has always been to deliver reliable, scalable, and intelligent solutions from initial design through full deployment. And our smart vertically integrated model, along with our innovative culture continues to be our strategic advantage. It allows us to innovate faster, control quality across the product life cycle and bring advanced technology to market more efficiently than traditional aerospace providers. In Q1, we celebrated a major achievement with the successful launch of LizzieSat-3 on March 14. This marks our third satellite and another step in building a fully operational, data-generating micro-constellation. We're currently completing satellite commissioning for LS-3 and successfully demonstrated operation of our advanced onboard edge computer FeatherEdge Gen 2. Additionally, we've successfully established communications to the first of our customer payloads. Once fully online, LS-3 will expand our ability to deliver near real-time earth observation data and onboard AI processing, unlocking a new revenue channel via data-as-a-service offerings to commercial and government users. This transition from development to commercialization is foundational to our 2025 growth strategy. One of our most exciting developments is the Orlaith AI Ecosystem, a modular pairing of our FeatherEdge hardware and our Cielo software. Orlaith is built for near real-time autonomous decision-making and can be configured for various mission types, from maritime situational awareness to orbital asset monitoring. Its AI/ML algorithms support in-orbit reconfiguration, enhance the anomaly detection and near real-time data processing, creating efficiencies and resilience in even the most extreme environments. This quarter marked the start of a strategic thought launch of several Sidus developed technologies designed for dual-use applications, systems engineered not only for space; but ruggedized for air, land and maritime environments. Our goal is to bring true multi-domain interoperability to market beginning in 2025, enabling customers to deploy integrated systems across platforms without the need for redesign or reengineering. A cornerstone of this rollout is the Sidus Single Board Computer, which is a SOSA-Aligned OpenVPX-based computer built for mission-critical environments, SSBC supports applications ranging from on-orbit to terrestrial command and control, including sensor fusion. In Q1, we focused on the launch and commissioning of LizzieSat-3, while laying the groundwork for this product rollout, which we expect to expand into defense and military markets in Q2. Early customer engagements have been positive with strong interest and encouraging feedback. Our pipeline continues to gain momentum underscoring the strategic relevance of these offerings. This roll-out supports our broader objective to diversify both our technology portfolio and addressable markets. As we scale production and enhance capabilities, we expect our command and control product line to be a key growth driver in the coming quarters, positioning Sidus as a leader in delivering integrated real-world multidomain solutions. The next phase in our multi-domain technology road map reflects our commitment to developing breakthrough innovations that not only meet existing requirements, but also open the door to entirely new market opportunities. Importantly, these advanced capabilities are being deployed not only on our proprietary LizzieSat platforms, but also on customer satellites, including those being developed for Lonestar Holdings. These efforts reinforce our three core pillars: Technology, AI and space by expanding our AI-driven solutions and mission-critical space services that address today's operational needs while anticipating tomorrow's challenges. We're actively bringing our VPX SOSA-Aligned space harbor into full production and commercial deployment and enabling scalable satellite and data architectures that meet the demands of both government and commercial customers. And further supporting this evolution is the advancement of our [indiscernible], a adaptable LizzieSat engineering model, which is a lab-based integration and test bed platform designed for next-generation technology demonstrations. LM provides a flexible environment to validate new systems, accelerate development cycles and derisk future mission configurations, which is vital for our long-term scale-up strategy. These innovations represent a key part of our 2025 road map and reflect our commitment to designing once deploying anywhere, accelerating mission readiness while reducing cost and complexity. Our work with LoneStar Holdings continued this quarter. We amended and extended our agreement, bringing the total potential contract value to $120 million. And while revenue recognition has not yet begun, this agreement provides strong visibility and underpins confidence in our commercial road map. Additionally, our platforms and products are being used on both Sidus owned and customer spacecraft extending our reach and opening doors to licensing and service revenue models. From a business development standpoint, we made meaningful strides. We deployed Orlaith in Asia, strengthening global AI and analytics reach. We deepened our partnership with Little Place Labs to enable near real-time maritime domain awareness via LizzieSat. And we signed an MOU with international partner, Reflex Aerospace to explore joint constellation services. Recently, we received a notice of allowance for our modular satellite testing platform, a patent that safeguards the intellectual property behind our adaptable and scalable satellite architecture. This milestone reinforces our vertically integrated model and preserves the flexibility needed to meet evolving mission demands. Our patent portfolio represents more than just innovation. It's a strategic asset that unlocks future licensing, protects differentiation and enhances customer confidence. In highly regulated markets, this IP framework is critical to accelerating commercial and defense adoption of our technologies. We believe that a well-established patent portfolio provides significant barriers to entry, ensuring we can protect our proprietary solutions, while enabling strategic partnerships, licensing opportunities and future product development. It also reinforces customer confidence, particularly in highly regulated or mission-critical industries where reliability, security and innovation are essential. Looking ahead, our focus remains on completing LS-3 commissioning, expanding commercialization of LizzieSat-enabled services and securing our first product orders across our VPX SOSA-Aligned systems. These efforts reflect the shift from technology development to revenue generation. We believe the groundwork late in Q1 positions Sidus to begin realizing material revenue growth in the second half of the year. We're also closely monitoring opportunities related to US manufacturing incentives and increased allied defense spending, particularly in Europe. These trends align well with our dual use strategy and ability to scale rugged multi-domain technologies from our U.S.-based facility. In summary, Sidus is entering the next phase of our journey. Our infrastructure is built, our products are in the market and our partnerships are advancing. We're not just enabling missions or reshaping how they're designed, deployed and executed across every domain. Now, I'll turn it over to Adarsh for final highlights. Adarsh Parekh Thank you, Carol. At Sidus, we continue to build a scalable, vertically integrated company across space, technology and artificial intelligence. Our focus remains on operational excellence, rapid innovation and delivering cost-effective, high-impact solutions for our customers. Our investments, to date, have centered around expanding our satellite constellation, advancing innovation and implementing a robust ERP system to support scale and profitability. As Carol has noted, 2024 was a foundational year for Sidus, one in which we validated our core technologies, grew our customer base and secured critical strategic partnerships. That momentum has carried into the first quarter of 2025, which reflects both our transition to commercialization and the near-term financial impacts of scaling a deep tech space-based enterprise. Let's review our first-quarter results. Total revenue for the 3 months ended March 31, 2025, was approximately $238,000, a decrease of $812,000 or 77% compared to Q1 2024 revenue of $1.05 million. This decrease was expected and primarily driven by the timing of fixed price milestone contracts, and our intentional shift away from legacy contract work to focus on commercial space-based and AI-driven solutions. Cost of revenue for Q1 2025 increased 93% to approximately $1.9 million compared to $966,000 in Q1 2024. Key drivers included satellite and software-related depreciation increase of $611,000, a mix of contract types with higher material and labor inputs and continued pressure from global supply chain costs in our manufacturing operations. Depreciation will continue to impact cost of revenue until we generate satellite and data-related revenues, which have higher margins to offset the related depreciation expense. Gross profit for Q1 2025 was a loss of $1.6 million compared to a profit of $84,000 in Q1 2024. This reflects increased depreciation, a shift in contract mix and reduced contribution from legacy high-margin services as we transition to higher value recurring revenue lines. Selling, general and administrative expenses totaled approximately $4.4 million, up from $3.6 million in the same period last year. This $800,000 increase was driven by increased headcount and associated benefits to support growth, equity-based compensation and employee bonus accruals, severance and rebooking fees related to launch schedule adjustments, debt payoff related expenses, and 24/7 mission operations expenses related to supporting multiple satellites on orbit. To provide investors with additional information in connection with our results as determined in accordance with GAAP, we also include in our 2025 Form 10-Q non-GAAP measures to determine our adjusted EBITDA. We use adjusted EBITDA to evaluate our operating performance and make strategic decisions about the company's future direction. Adjusted EBITDA loss, a non-GAAP measure, for the 3 months ended March 31, 2025, totaled $4.7 million as compared to an adjusted EBITDA loss of $2.7 million for the same period the prior year, which represents a 75% increase in the loss. Total non-GAAP adjustments for interest expense, depreciation and amortization, fundraising expenses, severance costs and equity-based compensation are provided in the reconciliation table listed in our first quarter 2025 earnings press release released earlier today. Net loss for the 3 months ended March 31, 2025 was $6.4 million compared to a net loss of $3.8 million in the same quarter of 2024. As discussed, the increase is attributable to depreciation, scaling costs and our shift to long-term higher-margin business models. Turning to the balance sheet. As of March 31, 2025, we had $11.7 million in cash compared to $6.2 million as of March 31, 2024. In Q1, we also fully paid off our loan with Decathlon Alpha 4 LP, a key milestone in strengthening our balance sheet and improving financial flexibility. As we move forward, we are managing cash conservatively while making strategic investments in our next-generation satellite builds and high-growth product lines. We are also actively pursuing further cost optimizations and operating efficiencies to support long-term profitability. With that, I'll hand the call back to Carol for closing remarks. Carol Craig Thank you, Adarsh. As you heard today, Sidus is in the midst of a pivotal shift from R&D and infrastructure build-out to commercialization and revenue generation. We've successfully launched and have begun commissioning our third satellite, laid the foundation for scalable micro-constellation and introduced a new generation of rugged dual-use technologies. While Q1 reflects the near-term financial impact of that transformation, we are confident in our long-term trajectory. We've strengthened our balance sheet, launched high-potential new platforms like Orlaith and are poised to generate revenue from diversified initiatives in the second half of the year. The path we've chosen is ambitious, but it's the right one for unlocking meaningful sustainable growth. Most importantly, I want to thank our employees, our partners, and our shareholders for your continued trust and support. We look forward to delivering strong progress in the months ahead. Operator Thank you. This does conclude today's teleconference. We thank you for your participation. You may now disconnect your lines. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Sidus Space Announces Successful On-Orbit Operation of FeatherEdge™ Gen-2 Aboard LizzieSat®-3
Commercial Availability and Third-Party AI Integration Unlock New Revenue Streams Across Multiple Markets CAPE CANAVERAL, Fla., May 16, 2025--(BUSINESS WIRE)--Sidus Space (NASDAQ: SIDU), (the "Company" or "Sidus"), an innovative, agile space mission enabler, today announced the successful on-orbit operation of its advanced onboard edge computer, FeatherEdge™ GEN-2, integrated into the ongoing commissioning of LizzieSat®-3 (LS-3). FeatherEdge™ GEN-2 is now flight-proven and commercially available, offering 100 trillion operations per second (TOPS) of AI processing power in a space-hardened, compact format. By leveraging NVIDIA's Jetson Orin™ NX module, this advanced onboard computer is built to perform in harsh radiation environments—making it ideal for sustained low Earth orbit missions. After successful on-orbit validation, FeatherEdge™ GEN-2 is now commercially available for customers seeking compact, high-performance AI processing solutions. "We are excited to share that FeatherEdge™ GEN-2 is fully operational onboard LizzieSat®-3," said Carol Craig, CEO of Sidus Space. "What sets this technology apart is its broad market applicability. While designed for space, FeatherEdge™ GEN-2 has the potential to drive revenue across multiple domains—including defense, intelligence, maritime, aviation, and terrestrial remote sensing—by enabling near real-time data processing at the edge." In addition, Sidus is now enabling third-party algorithm integration aboard LizzieSat®-3, allowing government and commercial space domain customers to test and deploy proprietary AI solutions in orbit without building their own satellite infrastructure. As LizzieSat®-3 continues to perform successfully through its commissioning phase, we believe the platform is demonstrating its potential to become a flexible, revenue-generating asset with dual-use applicability far beyond space. FeatherEdge™ GEN-2 opens up high-value opportunities for recurring revenue through hardware sales, data processing services, and technology integration—positioning Sidus to capitalize on future growth across both government and commercial sectors. About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida's Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. View source version on Contacts Investor Relations investorrelations@ Media Inquiries press@
