Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 37

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 37
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 to mitigate environmental impact have been of upmost importance. Furthermore, since our inception, we have recognized the value
of our employees and have always prioritized employee well-being through facets such as excellent benefits, programs, educational assistance,
and insurance of a safe and healthy work environment. We also understand that our efforts to promote value and well-being are not limited
to our employees. We are committed to the communities we belong to both locally and professionally. We recently started to formalize
this commitment, providing tangible benefits back to the community that supports us.

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 imaging, Internet-of-Things
(IoT)/Machine-to-Machine (M2M) communications,