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Momentus Inc. (NASDAQ: MNTS) announced the appointment of Charles Chase, Nick Zello, and Gary Bartmann as Vice Presidents of Engineering, Operations, and Supply Chain, respectively. These leaders bring extensive aerospace experience, focusing on innovation and strategy development. CEO John Rood emphasized their roles in transitioning the company from development to production, particularly with the upcoming launch of their Vigoride vehicle, powered by a water plasma-based propulsion system. This move aims to enhance Momentus' capabilities in the commercial space sector.
Positive
Appointment of experienced executives enhances leadership team.
Expertise in aerospace and supply chain management supports operational goals.
Upcoming launch of Vigoride vehicle signifies progress in production.
Negative
No specific financial metrics or performance indicators presented.
Uncertainties regarding government licenses for upcoming launches.
Former Skunk Works® Veteran, Maxar Executive and Lockheed Martin Supply Chain Expert to lead key functions
SAN JOSE, Calif.--(BUSINESS WIRE)--
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced that Charles Chase, Nick Zello, and Gary Bartmann have joined the Company as Vice President of Engineering, Vice President of Operations, and Vice President of Supply Chain, respectively.
Chase, Zello, and Bartmann bring deep aerospace experience focusing on innovation, technology development, manufacturing, organization building, profitability, and strategy development and execution.
"Success in space starts with our team on the ground, and Charles, Nick and Gary are model leaders who regularly demonstrate it's not just the work you achieve, but how you achieve it," said Momentus Chief Executive Officer John Rood. "Their backgrounds and experience are inimitable, and they bring an unrelenting focus on innovation, problem solving, and crisp execution to their roles. As Momentus gears up for its first flight and looks to transition from development to production, we will have top-tier talent leading the charge into the future."
Chase was the founder and leader of Revolutionary Technology Programs, the organization at the technological front end of the storied Lockheed Martin Skunk Works. He led the conception, development, and market transition of transformative aerospace technologies in that position. Notably, Chase is an expert in plasma systems and led the development of aerodynamic materials, fluid dynamic control systems, novel control effectors, and cutting-edge vehicle designs. Plasma systems technology is at the heart of the Microwave Electrothermal Thruster using water as a propellant that Momentus is developing.
Zello has product development and manufacturing expertise that spans the automotive, aerospace, internet/I.T., and construction industries. Zello previously worked at Maxar Technologies, where he served as Vice President of Smallsat Operations and Delivery, Vice President of Production Control and Supply Chain, and Executive Director of New Product Development at their Space Infrastructure division. He also was General Manager at MDA US Systems LLC, a developer and supplier of commercial and civil robotics, and held leadership roles at General Motors.
Bartmann brings deep expertise in supply chain management from his executive experience at United Launch Alliance (ULA) and Lockheed Martin. As Director and Vice President of Supply Chain at ULA and Lockheed Martin Space/Headquarters, he led teams responsible for strategy development, execution, and supply chain solutions that delivered bottom-line savings and process improvements. His experience in supply chain management, execution, and strategy development are highly valued skills at a time of global supply challenges.
About Momentus
Momentus is a U.S. commercial space company that plans to offer in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system that is under development. The Company anticipates flying its first Vigoride vehicle to Low Earth Orbit on a third-party launch provider as early as May 2022, subject to receipt of appropriate government licenses, for which there is no assurance such licenses and approvals will be received, if at all.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the “Risk Factors” in the Proxy Statement/Prospectus filed by the Company on July 23, 2021, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Who are the new executives at Momentus Inc. (MNTS)?
Momentus Inc. appointed Charles Chase as VP of Engineering, Nick Zello as VP of Operations, and Gary Bartmann as VP of Supply Chain.
What experience do the new leaders at Momentus bring?
They have extensive backgrounds in aerospace, innovation, and supply chain management from companies like Lockheed Martin and Maxar Technologies.
What is the significance of the Vigoride vehicle for Momentus (MNTS)?
The Vigoride vehicle represents Momentus' transition from development to production, aiming to enhance its capabilities in space infrastructure services.
When is Momentus planning to launch its Vigoride vehicle?
Momentus anticipates launching its Vigoride vehicle to Low Earth Orbit as early as May 2022, pending government licensing.
What challenges might Momentus face regarding its upcoming launch?
Momentus faces uncertainties concerning the receipt of government licenses required for the launch of its Vigoride vehicle.
