Sidus Space Partners With Exo-Space For Data Processing Platform

by Akanksha Bakshi, Benzinga Editor

August 23, 2022 3:08 PM | 1 min read |

Sidus Space, Inc. SIDU has signed a memorandum of understanding with Exo-Space to further commercialize its satellite edge computing technology.
Under this partnership, Sidus Space will integrate Exo-Space's FeatherEdge Data Processing Platform into its hybrid 3D printed satellite, LizzieSat.
The collaborative technology implementation will provide near-real-time intelligence derived from Earth Observation data while onboard the satellite, helping commercial and government customers to take more effective action in time-sensitive operations.
"We are excited to partner with Exo-Space to provide proof-of-concept for its critically important technology and a long-term path for providing real-time solutions," said Carol Craig, Sidus CEO/Founder.
Price Action: SIDU shares are trading lower by 1.71% at $2.69 on the last check Tuesday.

Posted In:

News Penny Stocks Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.