Sidus Space Inc (NASDAQ:SIDU) announced that it has been granted a Tier 1 remote sensing license from the National Oceanic and Atmospheric Administration (NOAA) for Panchromatic (PAN) and Shortwave Infrared (SWIR) imaging capabilities, allowing Sidus’ LizzieSat satellites to collect and distribute images and data to government and commercial customers.
The news sent shares of the company soaring, up 71.3% at US$11.94.
The NOAA approval includes its upcoming LizzieSat scheduled to launch in March 2024 on SpaceX’s Transporter-10 mission, and LizzieSat’s to come, the company said.
Sidus said its PAN and SWIR images will flow high-quality, diverse satellite data into its FeatherBox Artificial Intelligence onboard processor, which integrates the images with time-synced Automated Information Systems and GPS data.
This in turn will provide customers with real-time status for marine traffic trends, illegal fishing activities, methane emission locations and quantities, and vegetative stress implications on crop production, Sidus said.
"NOAA's Tier 1 remote sensing license approval is a significant milestone for Sidus Space,” Sidus Space CEO Carol Craig commented.
“With PAN and SWIR imaging capabilities, we're focused on our commitment to practical innovation in space technology while addressing real-world challenges.”
Sidus Space is a Space and Data-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.
- Updated with share price movement -