Sidus Space, Inc. (NASDAQ:SIDU) Q3 2023 Earnings Call Transcript

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I wholeheartedly share your frustration with regards to the performance of our stock. I want to assure you that everyone at Sidus is laser focused on preparing for the upcoming LizzieSat launches and we are working diligently to build new revenue streams, which we believe will result in renewing shareholder value. I believe that we’re approaching a transformative event for our company with our first LizzieSat launch, and with it, we will begin to benefit from our hard work. We’ll now move to the Q&A portion of the call. We’ve received some submitted questions that we would like to address.

A – Carol Craig: So, the Sidus AI team, which is comprised of former Exo-Space employees, is integrating seamlessly with our overall organization. They’re currently focused on providing input for mission operations, customer onboarding, and then also developing new sales leads. And these efforts will ensure that the AI data services brought over from the former Exo-Space team will generate revenue as soon as LizzieSat on-orbit and operational. And then in parallel to the AI technology integration, the team has continued to execute on the commercial and government contracts that were part of that asset purchase consideration. And these contracts include a subcontract from NASA for rapid fire detection solutions and a subcontract from the Defense Innovation Unit for payload hosting and then also, the primary contracts with private organizations for computing hardware and on-orbit data.

Next question is, will you be able to use Exo-Space’s edge AI in other applications? And so, yes, the underlying FeatherEdge technology be implemented practically anywhere and it’s particularly useful in communication-scarce or denied locations. And there’s a specific focus on unmanned craft which could be operated in aerial, ground or maritime environments in addition to space. And there’s great value to be added by that FeatherEdge system anywhere that data is generated for these ultra-low latency insights. Next question is also related to AI. Will the team that you’re acquiring required be able to do other AI projects beyond the edge AI? And so, our AI team’s focus is primarily on the underlying client technology that enables the implementation of intelligent data analytics applications at the edge.

And that being said though, there are numerous ways in which this technology can be implemented, and that ranges from situational awareness to predictive maintenance and then these use cases will continue to expand as the commercial space industry develops. Next question is how are you using 3D printing? Do expect to see metal 3D printing becoming part of the offerings in the future? So, 3D printing is currently being used to support development of our primary structure picture of the LizzieSat satellite bus and it’s comprised of a mixture of Onyx and carbon fiber to provide that necessary structural integrity required to withstand launch vehicle launch loads while still providing a lightweight option comparable to metal. And at present though, metal 3D printing has not been used in current bus configuration, but it can be incorporated into future design based on customer payloads and other subsystem changes that might necessitate it.

And that’s all the questions that we have. So, I want to say thank you very much to everyone who submitted questions, and thank you to everyone for joining us today for Sidus Space’s third quarter 2023 earnings conference call.

Operator: Thank you. Ladies and gentlemen, the conference of Sidus Space has now concluded. Thank you for your participation. You may now disconnect your lines.

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