Sidus Space (NASDAQ: SIDU) shares aim skyward, as the multi-faceted Space and Data-as-a-Service company today announced that the National Oceanic and Atmospheric Administration (NOAA) has granted Sidus a Tier 1 remote sensing license to include Panchromatic (PAN) and Shortwave Infrared (SWIR) imaging capabilities. This approval includes Sidus' upcoming LizzieSat™ scheduled for launch in March 2024, as well as subsequent LizzieSat satellites.
Through this new license authority, Sidus LizzieSat™ satellites will collect and distribute images and data to government and commercial customers supporting a wide range of applications. The Sidus’ PAN and SWIR imagers will flow high-quality, diverse satellite data into our FeatherBox Artificial Intelligence onboard processor which integrates the images with time synced Automated Information Systems (AIS) and GPS data to provide near real-time customer status regarding marine traffic trends, illegal fishing activities, methane emission locations and quantities, and vegetative stress implications on crop production around the globe.
"NOAA's Tier 1 remote sensing license approval is a significant milestone for Sidus Space. With PAN and SWIR imaging capabilities, we're focused on our commitment to practical innovation in space technology while addressing real-world challenges," said Carol Craig, CEO and Founder of Sidus Space.
LizzieSat is expected to launch in March 2024 on SpaceX’s Transporter-10 mission from Vandenberg Space Force Base, California and remain in space for data collection for four years of operation.
SIDU shares hiked $4.53, or 65%, to $11.50.
