Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1150

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1150
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. The integration of this technology,
combined with data from optical sensors on board LizzieSat®, enables unique vessel tracking and monitoring solutions while providing
valuable information about ship movements in real time. In addition to AIS technology, we have integrated visual spectrum and multispectral
imagers into our sensor suite and expect to expand the sensors to include software defined multispectral or hyperspectral sensors for
future satellite missions.

 46 

We have previously been
approved for our X-band and S-band radio frequencies licensing through a published filing by the ITU on April 6, 2021. Such licenses
are held through Aurea Alas, Ltd., an Isle of Man company, which is a Variable interest entity to us. The ITU filing contains approved
spectrum use for multiple X-Band and S-Band frequencies and seven different orbital planes, including 45 degrees. In August 2023, the
FCC granted Sidus a LizzieSat® experimental launch and operating license for launch and deploy on a SpaceX Falcon 9 Transporter 10
mission. This license includes approval for orbital operations utilizing the previously approved ITU S-band and X-band frequencies and
ground station coverage. We also received FCC Part 25 license approval for the LizzieSat® satellite constellation missions two through
five in October of 2024. The National Oceanic and Atmospheric Administration (NOAA), an agency of the U.S. Department of Commerce, granted
a Tier 1 license authorizing Sidus to operate LizzieSat, a private remote-sensing space system in 2024.

We currently have several
satellites in production and expect to launch four to six more LizzieSat® satellites ranging from 100kg to 400kg over the next 24
months. In addition, we expect to begin building satellites for other customers including lunar missions.

Any delays in commencing
our commercial launch operations, including delays or cost overruns in obtaining NOAA licenses or other regulatory approvals for future
operations or frequency requirements, could adversely impact our results and growth plans. The exact timing of launches is contingent
on several factors, including satisfactory and timely completion of assembly, integrating and testing of the satellites, regulatory approvals,
confirmation of the launch slot timing by the launch provider, logistics, weather conditions, and other factors, many of which are beyond
our control.

Growing and expanding
our experienced space hardware operations

We are seeking to grow our
space and defense hardware operations, with a goal of expanding from one shift to two