Wed. Sep 27th, 2023
Sidus Space Plans to Allocate Satellites on Bandwagon Mission with SpaceX

Sidus Space Inc (NASDAQ:SIDU) has announced its plan to reallocate two AI-driven LizzieSat satellites to launch on an upcoming Bandwagon mission with SpaceX. The CEO of Sidus Space, Carol Craig, stated that the Bandwagon mission will allow them to place multiple LizzieSats in dissimilar orbits, enabling the capture of higher revenue-generating data while increasing payload and data customers.

The addition of the Bandwagon mission to Sidus’ constellation will expand AI-enhanced imaging capabilities, with sensors collecting co-incident or simultaneous data to capture various types of images. This includes still images, hyperspectral and multispectral images, AIS, and wide-area-spectral imaging. The integration of FeatherEdge AI into the LizzieSats will enable real-time data processing, image analysis, anomaly detection, data compression, and automated decision-making, ensuring increased privacy, security, and customization.

By expanding the imaging capabilities of the LizzieSats, Sidus will be able to serve a broader customer base in sectors such as government, military, oil and gas, maritime, forestry, and agriculture.

As a result of the Bandwagon mission opportunity, Sidus has adjusted its launch manifest for the LizzieSats. The first LizzieSat launch, initially planned for the fourth quarter of 2023, will now take place in the first quarter of 2024. This will be followed by the launch of two LizzieSats on the Bandwagon mission in the second quarter of 2024. With this adjustment, Sidus expects to have a total of five LizzieSats in orbit by the end of the third quarter of 2024.

In addition, Sidus has been granted a 180-day extension to regain compliance with the Nasdaq minimum bid requirement of $1. The company must increase its share price above $1 by March 11, 2024, to regain compliance.

Following the Bandwagon mission announcement, shares of Sidus Space rose about 4.5% in pre-market trade on Monday, reaching US$0.18.

Sidus Space is a multi-faceted Space and Data-as-a-Service company that focuses on hardware manufacturing, engineering services, satellite design and production, launch planning, mission operations, and in-orbit support.