Sidus Space (NASDAQ: SIDU) (the â€œCompanyâ€ or â€œSidusâ€), a multi-faceted Space and Data-as-a-Service company, today announced that the U.S. Patent and Trademark Office has issued a new patent, No. 11,839,028 B2 (the â€˜028 patent), further strengthening the Companyâ€™s intellectual property position and showcasing its commitment to advancement in aerospace and defense manufacturing.
With a growing patent portfolio that now includes 10 granted patents and 11 pending applications, Sidus Space continues to solidify its position as a leader in cutting-edge aerospace manufacturing and technology.
The newly granted â€˜028 patent, expected to secure exclusivity until at least September 1, 2041, marks a paradigm shift in the aviation industry’s approach to cockpit gauge stability. This groundbreaking technology is embodied in an Electromagnetic Interference (EMI) Filter Unit, meticulously designed to filter unwanted interference in aircraft systems, thus enhancing the reliability and security of cockpit instruments. Sidus has also taken the steps to protect this valuable technology internationally as well by filing a patent application pursuant to the Patent Cooperation Treaty. National Phase patent applications in additional international jurisdictions are expected to be filed in Q1 of 2024.
“In crafting this technological innovation, our engineering and manufacturing team at Sidus focused on addressing a crucial requirement for bolstering cockpit gauge stability within aircraft systems. The patented filter unit stands as a remarkable advancement in mitigating electromagnetic interference, assuring the dependability and safety of cockpit instruments,” stated Valerij Ojdanic, Inventor and Electrical Engineer at Sidus Space.
This patent underscores Sidusâ€™ commitment to pushing the boundaries of aerospace technology. The Company continues to play a pivotal role in shaping the future of space exploration and data services while leveraging its expertise to drive innovation across industries.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.
Sidus Space has a mission of Bringing Space Down to Earthâ„¢ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Spaceâ€™s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a â€œSatellite-as-a-Serviceâ€ provider, Sidus Space is a trusted Mission Partnerâ€“from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute â€˜forward-looking statementsâ€™ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words â€˜anticipate,â€™ â€˜believe,â€™ â€˜continue,â€™ â€˜could,â€™ â€˜estimate,â€™ â€˜expect,â€™ â€˜intend,â€™ â€˜may,â€™ â€˜plan,â€™ â€˜potential,â€™ â€˜predict,â€™ â€˜project,â€™ â€˜should,â€™ â€˜target,â€™ â€˜will,â€™ â€˜wouldâ€™ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled â€˜Risk Factorsâ€™ in Sidus Spaceâ€™s Annual Report on Form 10-K for the year ended December 31, 2022, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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