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Sidus Space, a satellite manufacturing and space services company, is set to acquire Exo-Space in a move to expand its presence in the AI sector and improve its offerings for the Earth observation market. The acquisition will integrate Exo-Space’s AI edge computing technology with Sidus Space’s business lines and enable the company to market the hardware for third-party purchase.

The CEO of Sidus Space, Carol Craig, highlights that the acquisition will expand the company’s talent, technology, and total addressable market. It will include sales contracts and pipeline from Exo-Space, providing opportunities to provide actionable solutions instead of just raw data for customers in the Earth and space observations markets. Craig also emphasizes the value and transformative potential of integrating Exo-Space’s EdgeAI technology with Sidus Space’s sensors.

The deal, announced on Tuesday, involves a combination of cash, stock options, and performance bonus incentives. The acquisition allows Sidus Space to enhance its solutions for customers’ needs and leverage space-based data more effectively. By integrating AI technology, Sidus Space aims to provide improved services in the Earth observation market and strengthen its position within the industry.

With the acquisition of Exo-Space, Sidus Space is poised to expand its offerings and provide innovative AI solutions that can revolutionize the way space-based data is utilized. The company’s multi-mission LizzieSat constellation will benefit from the integration of Exo-Space’s AI technology, enabling Sidus customers to make the most of space-based data for various applications and domains. This acquisition signifies Sidus Space’s commitment to technological advancements and its dedication to meeting the evolving needs of its customers in the Earth observation market.

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