Sidus Space (NASDAQ: SIDU), a multi-faceted Space and Defense-as-a-Service satellite company announced today that it will launch industry-leading hyperspectral and multispectral imaging and Edge Artificial Intelligence (AI) in its LizzieSat™ satellite on SpaceX Transporter missions starting in 2024.
The LizzieSat’s hyperspectral and multispectral imaging capability will be provided by the Owl 1280 and Hawk 1920 HD cameras made by Raptor Photonics. Sidus is building its space-based infrastructure of multi-mission satellites with hyperspectral, multispectral, and other sensors to provide monitoring services and solutions to multiple sectors and industries.
The company’s sub-5m ground sampling distance (GSD) multispectral SWIR and sub-10m hyperspectral imagery capabilities provide Sidus with a competitive edge in serving the $55.6 billion SmallSat market. The company’s robust ground coverage and Edge AI accelerates receiving of actionable data sent to the ground by parsing key identifying information before transmission.
Sidus’ satellites are expected to circle the earth every 95 minutes, with communication gaps of less than 10 minutes on each orbit. This gap can be closed as additional ground stations are secured, providing customers with near-real-time data transmission.
“LizzieSat’s hyperspectral and multispectral imaging capability will provide potential data solutions for various market verticals within the estimated $1 trillion space economy anticipated by 2040,” commented Carol Craig, Founder & CEO of Sidus Space.
Agriculture is one of the key industries that will benefit from this imaging technology. Hyperspectral and multispectral imaging can provide detailed information about crop health, soil quality, and irrigation needs, enabling farmers to make more informed decisions and potentially increase crop yields. This technology can also help monitor climate change, support renewable energy initiatives, and aid mining and oil and gas operations.
The company plans to monetize its imagery through previously negotiated contracts and through its agreement with Skywatch and others to sell imagery on its storefront. This hyperspectral and multispectral capability is also crucial to Sidus’ strategy to generate recurring revenue streams from new customers as it builds its LizzieSat constellation.
Sidus plans to launch its first LizzieSat on the SpaceX Transporter mission scheduled for later this year and has contracted with SpaceX to launch on four additional flights, with two currently scheduled for 2024 and two more scheduled for 2025. The company plans to begin offering hyperspectral and multispectral imaging from its LizzieSats scheduled for launch on SpaceX’s transporter mission in the first quarter of next year.