Sidus Space (SIDU) announced the signing of a memorandum of understanding with Saturn Satellite Networks. This agreement outlines a strategic collaboration to support the development and deployment of Saturn’s SBN-X platform. 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. 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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIDU:
- Sidus Space receives U.S. patent allowance for modular satellite system
- Sidus Space signs memorandum of understanding with Reflex Aerospace
- Sidus Space signs revised $120M deal with Lonestar for lunar data centers
- Sidus Space Navigates Challenges with Strategic Growth
- Sidus Space Reports 2024 Financial Results and Strategic Advances