Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1077

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1077
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Key
Factors Affecting Our Results and Prospects

We
believe that our performance and future success depend on several factors that present significant opportunities but also pose risks
and challenges, including competition from better known and well-capitalized companies, the risk of actual or perceived safety issues
and their consequences for our reputation and the other factors discussed under “Risk Factors.” We believe the factors discussed
below are key to our success.

9

Expanding
Commercial Satellite Operations

Our
goal is to enable customers to meet their mission objectives with cost-effective solutions and to help them understand how space-based
data can be impactful to day-to-day business. Our strategy includes increasing the demand downstream by starting out as end user focused.
While others are focused on a data verticalization strategy specializing in key sectors or a problem set, we believe that flexibility
in production, low-cost, standardized design and offering ‘Space Access Reimagined’ for consumers will provide a scalable
model for growth. In just over twelve months, we successfully launched and began operations with three LizzieSat® multi-mission satellites
for a multi-mission constellation. Designed to be modular, flexible, and cost-effective, our proven LizzieSat® platform enables rapid
mission configuration and scalability across a wide range of satellite sizes, efficiently addressing unique mission requirements. Built
with several proprietary Sidus designs for reusable core components, our smart vertical integration provides greater control over the
supply chain, ensuring seamless integration of all components—whether developed in-house or sourced externally. This integrated
approach offers a distinct advantage over competitors who rely on purchasing and integrating hardware, software, and subsystems from
multiple vendors.

Our
existing, proven manufacturing facility and infrastructure provides scalable and streamlined manufacturing with flexible and efficient
cycles tailored to both internal and external end-users. We ensure controlled product quality and service through the use of space-qualified
Commercial Off-the-Shelf (COTS) components, along with our AS9100 certified capability to manufacture our own space supply chain products.
Our modular design supports flexible technology integration, enabling rapid incorporation of variable sensors and mission-specific technologies.
By spreading fixed costs across multiple customers and capabilities, we offer a more cost-effective solution. As a full-stack space services
provider, our offerings are anchored by a state-of-the-art Mission Control Center (MCC), ensuring end-to-end mission support.

In
Q2 2024, we announced the successful on-orbit activation of the FeatherEdge™ AI processer which enables us to deliver near real-time