Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1092

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1092
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 proprietary rights in our technology and products through a combination of patents, copyrights, trademarks,
trade secrets and contractual rights. We also seek to maintain our trade secrets and confidential information through nondisclosure policies,
the use of appropriate confidentiality agreements and other security measures. We have registered a number of patents and trademarks
in the United States and in other countries and have a number of patent filings pending determination. There can be no assurance, however,
that these rights can be successfully enforced against competitive products in any particular jurisdiction. Although we believe the protection
afforded by our patents, copyrights, trademarks, trade secrets and contracts has value, the rapidly changing technology in the satellite
and wireless communications industries and uncertainties in the legal process make our future success dependent primarily on the innovative
skills, technological expertise and management abilities of our employees rather than on the protections afforded by patent, copyright,
trademark and trade secret laws and contractual rights.

Certain
of our products include software or other intellectual property licensed from third parties. While it may be necessary in the future
to seek or renew licenses relating to various aspects of our products, we believe, based upon past experience and standard industry practice,
that such licenses generally could be obtained on commercially reasonable terms. Nonetheless, there can be no assurance that the necessary
licenses would be available on acceptable terms, if at all.

The
industry in which we compete is characterized by rapidly changing technology, a large number of patents, and frequent claims and related
litigation regarding patent and other intellectual property rights. We cannot assure you that our patents and other proprietary rights
will not be challenged, invalidated or circumvented, that others will not assert intellectual property rights to technologies that are
relevant, or that our rights will give us a competitive advantage. In addition, the laws of some foreign countries may not protect our
proprietary rights to the same extent as the laws of the United States.

The
commercial space industry is driven by rapidly changing technologies and innovation, and our success will require significant expenditure
in Research and Development to develop new technologies, services, products, and offerings. While we have incurred research and development
expenses related to our LizzieSat® satellite, we have not established a separate Research & Development department. We engineer
our solutions with additional enhancements and innovations as part of our normal design and engineering efforts which helps keep costs
down and promotes rapid, iterative enhancements to next generation products.

Regulatory

Our
business is subject to extensive rules, regulations, statutes, orders and policies imposed by the government in the United