Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1081

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1081
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, assemblies or
hardware. In order to satisfy some of these contracts, we undertake engineering for the research, design, development, manufacturing,
integration and sustainment of the project. For other contracts, we are only required to ‘Build to Print” however, engineering
changes may occur during the duration of the contract and costs outside the scope of the effort are reimbursed. The integration of these
technologies and systems lead to an organic and integrated capability to satellite manufacturing lifecycle services a commercial services
basis. Individual contracts are aggregated by mission (LizzieSat-1, LizzieSat-2, Bechtel) for management purposes.

Revenue
from long-term contracts can fluctuate from period to period largely based on the stage of the project and overall mission. These projects
will typically have a ramp up period in the beginning stage and wind down as the mission nears launch date. This may cause fluctuations
in future revenue, profits and cash flows.

We
generate revenue by selling technology space on our satellite platform, providing engineering and systems integration services to strategic
customers on a project-by-project basis, and manufacturing space hardware for other space and defense entities to include satellites.
Additionally, we intend to add to our revenue by selling geospatial data and monitoring services that provide near real-time actionable intelligence
on data captured through our constellation.
This support is typically contracted to both commercial and government customers under fixed price contracts and often includes other
services. Due to the size and capacity of our satellite, we plan to expand the diverse array of sensors on each satellite such as Multispectral
and Hyperspectral Earth Observing Imagers, Maritime Vessel RF Tracking receivers, UHF IoT Transceivers, Optical Communications systems,
and others. Integrating multiple sensors and technologies on a single multi-mission satellite can simultaneously address the needs of
multiple customers and their requirements.

Lowering
Manufacturing Cost and Schedule

We
have developed a manufacturing model that provides rapid response to customer requirements including integration of customers’ technologies
for space-based data delivery. Our satellites are designed to integrate COTS subsystems that are space-proven, can be rapidly integrated
into the satellite and replaced rapidly when customer needs change or evolve. Our vertically integrated manufacturing processes give
us the flexibility to make changes during the production cycle without impacting launch or costs.

11

Environmental,
social, and corporate governance

We
have been in business for over twelve years manufacturing space hardware and components, and in that time, implementation of policies and
processes to mitigate environmental impact