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Momentus First Demonstration Mission Update #2

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Momentus Inc. (NASDAQ: MNTS) has successfully deployed two customer satellites during its first demonstration mission. The company is addressing issues with its Vigoride spacecraft as part of its ongoing work and plans to deploy additional satellites. Momentus focuses on providing in-space infrastructure services and is working on innovative water plasma-based propulsion systems. However, the company cautions that forward-looking statements are subject to risks and uncertainties, and it does not guarantee future performance or results.

Positive
  • Successfully deployed two customer satellites.
  • Continues to work on addressing anomalies with the Vigoride spacecraft.
Negative
  • Forward-looking statements carry inherent risks and uncertainties.

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 a status update on its first demonstration mission.

Over the weekend, we successfully deployed two customer satellites. We plan to continue work to address the anomalies on the Vigoride spacecraft announced on May 27 and deploy additional customer satellites.

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.

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 heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 9, 2022, 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.

Investors

Darryl Genovesi at investors@momentus.space

Media

Jessica Pieczonka at press@momentus.space

Source: Momentus Inc.

FAQ

What recent milestone has Momentus (MNTS) achieved?

Momentus successfully deployed two customer satellites during its first demonstration mission.

What challenges is Momentus (MNTS) currently addressing?

Momentus is working to address anomalies on its Vigoride spacecraft.

What future plans does Momentus (MNTS) have regarding customer satellites?

Momentus plans to deploy additional customer satellites as part of its ongoing mission efforts.

What is Momentus Inc.'s focus in the commercial space industry?

Momentus focuses on offering in-space infrastructure services, including transportation and hosted payloads.

Are there any risks associated with Momentus Inc.'s (MNTS) future projections?

Yes, forward-looking statements from Momentus are subject to risks and uncertainties that could affect future performance.

Momentus Inc.

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