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Sidus Space Appoints Former L3Harris Chief Human Resources Officer Jeffrey Shuman to Its Board of Directors

CAPE CANAVERAL, Florida, July 9, 2024–(BUSINESS WIRE)–Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a provider of comprehensive precision space infrastructure solutions, including satellite data services on its proprietary orbital platform, today announced that its Board of Directors has appointed Jeffrey (Jeff) Shuman as an independent director, effective July 8, 2024.

Carol Craig, CEO of Sidus Space, stated, “We are excited to welcome Mr. Shuman to the Sidus board. His extensive experience in the government and commercial sectors will provide invaluable insights that will strengthen our strategic direction. Mr. Shuman’s deep connections in the Space Coast community and his extensive corporate network are tremendous assets to our growth trajectory.”

Leo Riera, Chairman of the Board of Sidus Space, noted, “Mr. Shuman’s appointment underscores our commitment to maintaining a dynamic and diverse board that aligns with our strategic goals and growth ambitions. His extensive experience in corporate governance and human resources will significantly contribute to our mission.”

Jeff Shuman added, “I am honored to join Sidus Space at such a pivotal moment in its journey. I look forward to leveraging my experience to support the company’s strategic initiatives and help realize its vision of leading the future of space infrastructure.”

Mr. Shuman has over 40 years of experience in global, diversified businesses and the military, including the U.S. Army, Avon Products, Honeywell International, Northrop Grumman, L3Harris, and Quest Diagnostics. Shuman served as Chief Human Resources Officer at Harris Corporation (now L3Harris) and Quest Diagnostics during periods of profound cultural and operational change. Earlier in his career, Shuman held leadership positions in operations, general management, and human resources. He currently serves on the advisory boards of Garner Health, The Citadel School of Business, The Citadel Psychology Department, and is an emeritus advisory board member for CIELO Talent.

Mr. Shuman earned a bachelor’s degree from The Citadel and, after graduation, served as an officer in the Medical Services Corp. of the U.S. Army. He has completed executive development programs in business and human resources at the University of Michigan, Harvard Business School, the University of Virginia’s Darden School of Business, the University of Pennsylvania’s Wharton Business School, and Cornell University. He has also participated in the U.S. Business Exchange Program with the People’s Republic of China, supported the Private Sector Council on key initiatives with the Department of Education and the Department of Homeland Security, and was a regular contributor and guest on “Your Career Partners,” a Washington, D.C.-based radio talk show. Shuman received the “Stevie Award” for “Best Human Resources Executive” at the American Business Awards and was the 2011 recipient of HR Executive of the Year from HR Executive Magazine.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a multi-faceted Space Infrastructure-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-discipline engineering services; satellite design, manufacturing, launch planning, mission operations; and on-orbit support. The company is headquartered in Cape Canaveral, Florida, where it operates out of 35,000 square feet of manufacturing, assembly, integration and test space focused on vertically integrated Space-as-a-Service solutions, including comprehensive satellite support.

Sidus Space has a mission of Bringing Space Down to Earth and a vision of enabling spaceflight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Sidus Space products and services are offered through several business units: Space-as-a-Service, Space-Based Data Solutions, AI/ML Products and Services, Mission Planning and Management Operations, 3D Printing and Products and Services, Satellite Manufacturing and Payload Integration, and Space and Defense Hardware Manufacturing. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified and ITAR registered.

Forward-looking statements

Statements in this press release regarding future expectations, plans and prospects, and any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding expected trading start and close dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” 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 in such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions and other factors described in more detail in the section entitled “Risk Factors” in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2023 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. expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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