The three-month period marks the strongest revenue quarter between the parties since their partnership began four years ago.
Sidus Space, Inc., a Space-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, is expanding its relationship with Teledyne Marine, a part of Teledyne Technologies, Inc. following a noteworthy Q2 2022. The three-month period marks the strongest revenue quarter between the parties since their partnership began four years ago.
Sidus Space signed its first two-year master supply agreement (MSA) with Teledyne Marine in July 2019, followed by a two-year product pricing agreement (PPA) in September 2021.
Teledyne provides enabling technologies to sense, transmit and analyze information for industrial growth markets. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, energy, medical imaging and pharmaceutical research.
“We’ve been fortunate to build components for Teledyne Marine since 2019, and we’re excited to see our relationship grow and prosper,” said Sidus Space CEO and Founder, Carol Craig. “Teledyne Marine’s increased trust in Sidus is a testament to the quality of products we develop and the value we provide to our partners. We look forward to working together in the years to come.”
As part of the increasing scope of work and revenue with Teledyne Marine, Sidus Space will now manufacture components for Teledyne Marine’s Massachusetts facility and will continue supplying components to Teledyne Marine’s facilities in Texas and Florida.
Sidus Space has been on an upward trajectory over the past few months, taking significant strides to plant its flag among the international space community elite. In December 2021, Sidus listed its Class A common stock on the NASDAQ Capital Market via an IPO, making Craig the first female owner-founder of a publicly traded space company serving government and commercial space industries.