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CORRECTING and REPLACING Sidus Space Receives FCC Approval for Space-to-Space Data Relay Capability for LizzieSat ™

1. Sidus Space received FCC approval for LizzieSat's data relay. 2. This enhances global connectivity for commercial and defense applications. 3. The upgrade supports rapid data transfer, boosting AI capabilities. 4. Key clients include first responders and aviation companies. 5. Sidus aims for innovation and reliability in their satellite systems.

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FAQ

Why Bullish?

The FCC approval positively impacts SIDU by enabling enhanced services, similar to past satellite expansions boosting revenues.

How important is it?

The article details a significant technological advancement for SIDU, likely to attract investors.

Why Long Term?

Improved capabilities open long-term opportunities, reminiscent of previous successful technology upgrades.

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SPCENASA
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Please replace the release dated January 28, 2025, with the following corrected version due to multiple revisions. The updated release reads: SIDUS SPACE RECEIVES FCC APPROVAL FOR SPACE-TO-SPACE DATA RELAY CAPABILITY FOR LIZZIESAT ™ Sidus Space (NASDAQ: SIDU), an innovative and agile space mission enabler, today announced the Federal Communications Commission (FCC) approval of space-to-space data relay module for the Sidus Space LizzieSat™ constellation. Obtaining this FCC license marks a significant milestone in the company’s mission to enhance global connectivity and space data transfer and expands the operational capabilities of its LizzieSat™ fleet. By incorporating this advanced technology, Sidus Space is staged to provide robust, high-quality, rapid-delivery data services across remote locations, improving data transmission for commercial, government and defense applications worldwide. “This FCC authority to deploy our satellite with space-to-space data relay solution ensures compliance with U.S. regulatory requirements and strengthens Sidus Space’s AI-driven capabilities, enabling LizzieSat™ to deliver enhanced data and analytics quickly for mission-critical services,” said Carol Craig, CEO of Sidus Space. “Sidus continues to expand our constellation with a focus on innovation and reliability, and this capability will further empower our customers with access to seamless, global intelligence in our increasingly interconnected world.” Jim Larson, Senior Vice President, AI Advancement Strategies of Sidus Space, added, “We believe LizzieSat™ is the only known commercial small satellite platform to harness the powerful combination of rapid direct-to-user data transfer capability and on-orbit Artificial Intelligence. This upgrade to LizzieSat™-3 will ultimately allow Sidus to provide data vital to organizations utilizing direct-to-device hardware including first responders like CalFire, aerospace and aviation companies and other organizations with access to satellite receivers. Sidus is excited to be at the forefront of the expansion of AI capabilities in the marketplace and this incredible technology movement.” About Sidus Space Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions including custom satellite design, payload hosting, mission management, space manufacturing and AI-enhanced space-based sensor data-as-a-service. 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: www.sidusspace.com. 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, 2023, 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.

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