Sidus Space Inc (NASDAQ:SIDU) announced that it has recently signed a memorandum of understanding with Mission Space for a partnership for space weather intelligence data collection.
Under the partnership, Sidus will integrate sets of Mission Space’s space weather detectors in its hybrid 3D-printed satellite LizzieSat.
Sidus noted that space weather ranks among the highest priority natural hazards as it refers to changes in conditions on the sun, in the solar wind, magnetosphere and ionosphere, which can affect operations and reliability of space and ground-based technological systems, including GPS systems, power grids and satellites, and threaten the health and life of humans.
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The company said, as it looks ahead at value-creation opportunities, the sale of data gathered through its satellites is a key piece of its strategic growth plan. It believes this partnership will allow Sidus to create an incremental revenue stream through the sale of this data in addition to its own internal purposes.
Sidus CEO Carol Craig said the company is excited to partner with Mission Space to provide the capability of monitoring and analyzing space weather data.
“Weather intelligence data creates a potential revenue stream while supporting our mission of ‘Bringing Space Down to Earth’ by making useful data and analytics available to a variety of customers,” she said in a statement.
Mission Space CEO Ksenia Moskalenko added: “We look forward to integrating our technology into Sidus Space’s LizzieSat, so that we can utilize our LEO-based space weather data collecting infrastructure to analyze, quantify and help mitigate the effects of solar storms.”
Sidus Space is a Space-as-a-Service company focused on mission-critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection.
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