Sidus Space is teammate on $30M Intuitive Machines-led Moon RACER Team for the NASA Lunar Terrain Vehicle Services Contract to Support the Agency’s Artemis Campaign
May 07 2024 - 8:30AM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service satellite company
announced that it is a teammate on the NASA Lunar Terrain Vehicle
Services (“LTVS”) Contract which was awarded to the Intuitive
Machines-led Moon Reusable Autonomous Crewed Exploration Rover
(RACER) team announced earlier last month.
This contract represents the first phase of developing a crewed
rover for human exploration of the Moon’s surface. The LTVS project
aims to create a feasibility roadmap for developing and deploying a
Lunar Terrain Vehicle (“LTV”) on the Moon using Intuitive Machines’
Nova-D cargo-class lunar lander. Intuitive Machine’s global team,
including partners such as AVL, Boeing, Michelin, Northrop Grumman
and Sidus Space, intends to design a robust LTV architecture with
advanced power management, autonomous driving, communications, and
navigation systems for lunar exploration.
“We are excited to support Intuitive Machines and the Moon RACER
team. Our collaborative work alongside industry leaders in lunar
infrastructure creates an opportunity for Sidus to support a
pivotal mission for today's and tomorrow's lunar efforts,” stated
Sidus Space Chief Executive Officer, Carol Craig. “Our work here
allows us to showcase our decades of high-fidelity manufacturing
heritage and assist in paving the future for lunar exploration and
activity.”
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted 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. The Company is in Cape Canaveral, Florida,
where it operates from a 35,000-square-foot manufacturing,
assembly, integration, and testing facility focused on vertically
integrated Space-as-a-Service solutions including end-to-end
satellite support.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. More than just a
“Satellite-as-a-Service” provider, Sidus Space’s products and
services are offered through its four business units: Space and
Defense Hardware Manufacturing, Satellite Manufacturing and Payload
Integration, Space-Based Data Solutions, and AI/ML Products and
Services to support customers from concept to Low Earth Orbit and
beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and
ITAR registered.
About Intuitive Machines
Intuitive Machines is a diversified space exploration,
infrastructure, and services company focused on fundamentally
disrupting lunar access economics. In 2024, Intuitive Machines
successfully soft-landed the Company’s Nova-C class lunar lander,
Odysseus, on the Moon, returning the United States to the lunar
surface for the first time since 1972. The Company’s products and
services are offered through its four in-space business units:
Lunar Access Services, Orbital Services, Lunar Data Services, and
Space Products and Infrastructure.
For more information, please visit intuitivemachines.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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version on businesswire.com: https://www.businesswire.com/news/home/20240507098435/en/
Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254 For media
inquiries: press@sidusspace.com
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