Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1300

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1300
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 committed
to supporting local STEM programs and schools, with a focus on bridging the opportunity gap in the aerospace industry. Through partnerships
with organizations that provide hands-on STEM learning to a diverse range of students, we are helping to build a more inclusive and innovative
future.

Governance

Our governance structure
is designed to promote transparency, efficiency, and ethics. Through a qualified and diverse chain of command, we are confident that
our decision making will carry out performance at the highest degree. Our Board of Directors consists of professionals with strong executive
experience, business strategy and leadership skills. Our board consists of 5 independent directors alongside our CEO.

Our Growth Strategies

We are focused on empowering
end users, developers, channel partners and the organizations they serve to quickly and easily access and integrate real-time geospatial
intelligence into their daily operations and prove out technologies to further grow the space ecosystem. Our growth strategy is driven
by the following objectives:

Increase our overall
customer base. As an established heritage aerospace firm, we are positioned at the forefront of the ongoing political and secular
shift toward space-based communications and data derived from commercial satellite and intelligence providers. This evolving landscape
presents a significant opportunity to expand our customer base through a combination of direct and indirect sales strategies. To support
this growth, we are actively scaling both our direct sales teams and our global network of indirect sales channels.

Expand within our current
customer base. As our satellite design and manufacturing and space-based data offerings grow and deliver results, we expect that
our current customers will increase their spending on our expanded services.

Continue to penetrate
international markets. We have expanded our strategic focus to include international markets, actively building a pipeline of prospective
partnerships with small, underrepresented governments and global companies that can benefit from our expertise and services. As part
of this initiative, we have signed partnership agreements with companies in Germany, Japan, Bahrain, and India to explore potential joint
venture opportunities.

Grow distribution channels
and channel partner ecosystem. We have strategically invested resources to expand our sales reach by developing robust distribution
channels and forging partnerships with technology providers, solution partners, strategic global system integrators, and value-added
resellers. These collaborations are designed to help us enter and grow in new markets while effectively complementing our direct sales
efforts.

Global Space Industry
Overview

The space economy has experienced
significant growth in recent years, driven by technological advancements in satellites and terrestrial technologies that have enabled
new commercial applications. These applications encompass satellite broadband, remote