FeatherEdge Data Processing Platform Delivered to Sidus Space

Update: Since the publication of this post, Sidus Space has acquired Exo-Space as of August 2023.

Exo-Space has delivered its FeatherEdge Data Processing Platform hardware to Sidus Space for integration and testing in preparation for launch aboard LizzieSat.

“The inclusion of compute-at-the-edge technology for space systems providing greater speed and precision of data to end users is a key discriminator in the market.”

Jamie Adams, Sidus’ Chief Technology Officer.

Sidus Space will integrate the Exo-Space FeatherEdge Data Processing Platform into its hybrid 3D printed satellite, LizzieSat. Through collaboration on data processing and storage technology in space, on-orbit testing of the device in a space environment will provide proof-of-concept data, increase the product’s overall Technology Readiness Level, and establish integration processes for future collaborative missions.

“The inclusion of compute-at-the-edge technology for space systems providing greater speed and precision of data to end users is a key discriminator in the market,” said Jamie Adams, Sidus’ Chief Technology Officer. “Our ability to provide payload customers a rapid and affordable method to achieve space rating in a demonstrated relevant environment combined with earth observation data is the centerpiece of our Space-as-a-Service model.”

FeatherEdge Platform Allows Access to Outside Algorithms

Exo-Space provides a platform where other software-based edge computing companies can deploy algorithms that create derivative products such as ultra-low latency insights for their customers. This platform consists of a cutting-edge AI accelerated processing unit, hardware-and-software based radiation protections, and an integrated thermal management system, providing one of the most robust computing environments available in space to date.

"The delivery of the FeatherEdge flight hardware to Sidus' facility in Florida marks a huge milestone for this mission. Sidus has taken the complexity out of integration and schedule management and the open communication and transparent requirements have played a big role in Exo-Space's ability to deliver the hardware on schedule. Leading up to the launch, we will continue to work closely with the Sidus team to integrate and perform a system checkout to ensure everything operates as expected," said Jeremy Allam, Co-founder and CEO of Exo-Space.

Public Stock Offering Closed by Sidus Space

In a separate development last week, Sidus Space announced the closing of its underwritten public offering of 34,090,904 shares of its Class A common stock, or pre-funded warrants in lieu thereof, and 34,090,904 warrants, which included the partial exercise of the underwriters’ over-allotment option. Each share of Class A common stock and accompanying warrant was sold to the public at a combined price of $0.33. Each warrant allows the purchase of one share of Class A common stock at an exercise price of $0.33 per share. The gross proceeds to the Company from this offering were approximately $11.2 million before deducting underwriting discounts, commissions and other offering expenses.

Sidus Space intends to use the net proceeds of the offering for sales and marketing, operational costs, product development, manufacturing expansion and the remaining proceeds for working capital and other general corporate purposes.

(Source: Sidus Space news releases. Images from file)