Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1080

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1080
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ologies and deliver data on demand at lower costs than legacy providers due to our vertical integration, use of commercial off the
shelf (COTS) proven systems, cost-efficiencies, capital efficient satellite design, and adaptable pricing models.

We
design and manufacture satellites at our Cape Canaveral facility. Our current configuration and facility is designed to manufacture multiple
satellites per month. Our vertical integration enables us to control satellite production through the entire design, manufacturing, and operation
process. Our years of experience manufacturing space hardware means we can leverage our manufacturing expertise and commercial best practices
for satellite production. Additionally, leveraging both in-house and partner-provided subsystem components and in-house design and integration
services as well as operational support of satellites on orbit, provides turn-key delivery of satellites to offer “concept to constellation”
in months instead of years. Specifically, our offerings are expected to encompass all aspects of hosted satellite and constellation services,
including hosting customer technologies onto our satellites, and delivering data and constellation services to customers from our space
platform. These services are expected to allow customers to focus on developing innovative technologies rather than having to design
or develop complete satellite buses or constellations. Additionally, we provide ancillary services that include telemetry, tracking and
control, communications, processing, as well as software development and maintenance.

Our
patented space-related technologies include a print head for regolith-polymer mixture and associated feedstock; a heat transfer system
for regolith; a method for establishing a wastewater bioreactor environment; vertical takeoff and landing pad and interlocking pavers
to construct same; and high-load vacuum chamber motion feedthrough systems and methods. Regolith is a blanket of unconsolidated, loose,
heterogeneous superficial deposits covering solid rock. It includes dust, broken rocks, and other related materials and is present on
earth, the moon, Mars, some asteroids, and other terrestrial planets and moons. We continue to patent our products including our satellites,
external platforms and other innovations. Sidus holds 14 granted patents and 13 pending applications.

Revenue
Generation

We
perform work under contracts that broadly consist of fixed-price and time-and-materials or a combination of the two. Pricing for all
customers is based on specific negotiations with each customer. For a description of our revenue recognition policies, see the section
titled “Critical Accounting Policies and Significant Judgments and Estimates”.

Historically,
most of our revenue has been derived from fixed-price and time-and-materials for the delivery of manufacturing products