Sidus Space Inc (NASDAQ:SIDU) announced that it has signed an additional agreement to sell the data it expects to collect with its LizzieSat satellites.
The Space and Defense-as-a-Service satellite firm said the delivery of data is expected to begin 30 days after the deployment of LizzieSat, which is planned following the launch of SpaceX in the first quarter of 2024.
"Data-as-a-Service is expected to provide some of the highest margins of our revenue streams, which also include technology hosting aboard our LizzieSats and mission-critical hardware manufacturing," Sidus Space CEO Carol Craig said in a statement.
"We expect this agreement to be one of many opportunities to sell the data collected by our growing constellation," she added.
Craig also noted that the company’s sales teams are focused on securing additional contracts for its Low Earth Orbit data.
Sidus, via its LizzieSat satellites, is expecting to collect data through multiple onboard sensors and receivers, which include hyperspectral, multispectral, AIS, optical and other sensors that will provide data relevant to multiple industries and sectors.
Sidus Space is a Space and Defense-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support.
Contact Sean at sean@proactiveinvestors.com