Sidus Space and Reflex Aerospace Sign Letter of Intent at Space Tech Expo Europe to Advance Dual-Use Satellite Development Across U.S. and European Markets
21 November 2024 - 2:30PM
Business Wire
Partnership highlights commitment to expanding satellite
services and strengthening transatlantic space infrastructure
solutions.
Sidus Space (NASDAQ: SIDU), (the “Company” or “Sidus”), an
innovative space mission enabler, today announced a strategic
partnership with Reflex Aerospace, a cutting-edge European
satellite manufacturing startup. This partnership combines Sidus’
expertise in satellite manufacturing and mission operations with
Reflex Aerospace’s rapid, custom satellite design capabilities.
Together, the companies aim to deliver flexible, cost-effective,
and high-performance solutions to meet diverse customer needs while
strengthening their presence in global markets.
“Finalizing this partnership at Space Tech Expo Europe
underscores the importance of collaboration in advancing global
space innovation,” said Carol Craig, Founder and CEO of Sidus
Space. “By combining Sidus’ space heritage and mission expertise
with Reflex Aerospace’s agile satellite manufacturing, we can
leverage each other's strengths to deliver tailored solutions
worldwide, with both companies contributing to satellite
production.”
"This partnership represents a significant step forward in our
mission to accelerate innovation in space," said Walter Ballheimer,
CEO of Reflex Aerospace. "By combining our satellite manufacturing
capabilities with Sidus Space's advanced space technologies, we can
offer unprecedented value to our customers while strengthening the
transatlantic space technology corridor."
The collaboration is expected to commence in 2025, with both
companies contributing to the production of integrated satellite
platforms designed to meet the needs of a growing global customer
base.
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: https://www.sidusspace.com
About Reflex Aerospace:
Based in Munich and Berlin, Reflex Aerospace enables
lightning-fast innovation in space by designing and manufacturing
100 to 500 kg payload-specific, dual-use satellite platforms within
12 months. Reflex is redefining satellite development by blending
verticalized in-house design and manufacturing, end-to-end support,
secure-by-design modules, hardware-accelerated encryption, and the
highest-performing core avionics in its class.
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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Sidus Investor Relations
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