Sidus Space Secures NOAA Approval To Provide Imaging Services To Government And Commercial Customers
Portfolio Pulse from Benzinga Newsdesk
Sidus Space (NASDAQ:SIDU) received a Tier 1 remote sensing license from NOAA, allowing it to provide PAN and SWIR imaging services with its upcoming LizzieSat satellites. The first LizzieSat is scheduled to launch in March 2024 on SpaceX's Transporter-10 mission and will operate for four years, offering near real-time data for various applications including marine traffic trends and methane emissions.
January 03, 2024 | 1:33 pm
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Sidus Space has been granted a Tier 1 remote sensing license by NOAA, enabling it to offer imaging services to government and commercial entities using its LizzieSat satellites.
The NOAA license is a significant regulatory milestone for Sidus Space, likely to boost investor confidence and open up new revenue streams. The approval directly impacts the company's ability to provide services, which could lead to increased demand for its stock in the short term.
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