Sidus Space and Momentus execute MOU to better serve customers

Sidus Space, Inc. (NASDAQ:SIDU), a Space-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, has signed a memorandum of understanding ("MOU") with Momentus Inc.(NASDAQ: MNTS) to explore launching its LizzieSat satellites utilizing Momentus' Vigoride Orbital Service Vehicle ("OSV"). The MOU also seeks to foster collaboration between the two companies to use their joint capabilities to seek new opportunities together, expanding both firms' reach.

Together the firms are discussing undertaking an integrated mission that has characteristics of both a Hosted Payload and Delivery Service. Once in orbit, a Momentus OSV could provide power and data to LizzieSat for deployment, offering mission versatility for customers based on Vigoride's service capabilities in-orbit. Sidus Space is interested in four potential mission launches with Momentus initially. As part of the MOU, the companies will potentially provide and/or source payloads to one another and explore working together on select government solicitations.

Sidus Space has designed and is manufacturing LizzieSat for its multi-mission LEO satellite constellation operating in diverse orbits (28 -98 inclination, 300-650km altitude) as approved by the International Telecommunication Union in February 2021. LizzieSat offers many differentiating attributes due to its size and propulsion options.

Sidus' manufactured 3D printed satellites maximize customer data and technology needs within a lightweight bus. Additionally, redundant attitude controls systems provide precision pointing for payloads and propulsion maintains satellite orbit and provides collision avoidance capability. Earlier this month, Sidus announced that it signed a launch agreement with SpaceX for five launches, beginning in early 2023.

Commenting on the agreement, Carol Craig, Sidus Space Founder and CEO said, "We are excited to join with Momentus to develop opportunities for better value for our LizzieSat customers through increased mission flexibility.

This is yet another key step in 'Bringing Space Down to Earth' for customers, industries, and new use cases as we look ahead to launching LizzieSat next year. The competitive advantage and mission versatility offered by the OSV translates to better value for our customers. This agreement should allow us to better serve existing customers, while attracting new payloads to our satellite offering."

"The concept of integrating LizzieSat on Vigoride would allow Sidus to focus their resources on achieving mission objectives for their customers, while we would handle reliable transportation to orbital destinations. Together, our respective capabilities could optimize space for the benefit of Earth," said Momentus Chief Executive Officer John Rood. "We look forward to building a long-term relationship with Sidus Space as it heads toward orbit."

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