Sidus Space and Saturn Satellite Networks Sign MoU to Develop Next-Gen GEO Satellites

Insider Brief

• Sidus Space has signed a Memorandum of Understanding with Saturn Satellite Networks to support the development of SBN-X, a low-cost, high-performance GEO satellite platform.
• Sidus will provide assembly, integration, and testing services, along with subcomponent acquisition and mechanical engineering support at its Cape Canaveral facility.
• The SBN-X platform is designed to deliver both analog and high-throughput digital payloads, aiming to broaden access to GEO satellite communications through more affordable and scalable solutions.

PRESS RELEASE – Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), an innovative, agile space mission enabler, announced the signing of a Memorandum of Understanding (MOU) with Saturn Satellite Networks, Inc., a pioneering developer of space-based reprogrammable payloads and geostationary (GEO) satellite solutions redefining access to space communications. This agreement outlines a strategic collaboration to support the development and deployment of Saturn’s SBN-X platform — a new low-cost, high-performance GEO satellite solution. Under the MOU, Sidus Space will work closely with Saturn to provide critical support across various activities. Saturn intends to award Sidus a scope of work that includes Assembly, Integration, and Testing at Sidus’ advanced manufacturing facilities in Cape Canaveral, Florida; acquisition of certain satellite subcomponents; as well as mechanical component engineering and manufacturing services.

“We are excited to collaborate with Saturn Satellite Networks on the groundbreaking SBN-X initiative,” said Carol Craig, CEO of Sidus Space. “The selection of Sidus as Saturn’s partner leverages our proven expertise in spacecraft design, integration, and testing, while aligning with our mission to provide flexible, cost-effective space solutions for commercial and government customers.”

The SBN-X platform is designed to provide affordable GEO satellite communications offering a 5kW analogue payload and 100Gbps high-throughput, digital payload system. The collaboration between Sidus and Saturn is expected to broaden market access and expand both companies’ capabilities in supporting new and emerging GEO communications needs.

“Our partnership with Sidus Space strengthens the foundation of the SBN-X platform, combining their agile manufacturing capabilities with our vision for transforming GEO communications,” said Tom Choi, CEO of Saturn Satellite Networks. “Together, we’re positioned to rapidly deliver next-generation satellite solutions, at a significantly lower price point, to meet the rapidly evolving demands of expanding global markets.”