Momentus First Demonstration Mission Update #1

Rhea-AI Summary

Momentus Inc. (NASDAQ: MNTS) has provided a status update on its first demonstration mission, indicating that two-way contact has been established with the Vigoride Orbital Transfer Vehicle. Initial anomalies have occurred, and the company is applying for a Special Temporary Authority (STA) with the FCC to help command the vehicle back to its nominal configuration. The engineering and operations team is actively addressing these issues. Momentus aims to offer innovative in-space infrastructure services powered by a developing water plasma-based propulsion system.

Positive

• Establishing two-way contact with the Vigoride Orbital Transfer Vehicle indicates progress in mission operations.

Negative

• Initial anomalies reported with the spacecraft may delay the mission.
• Application for Special Temporary Authority (STA) suggests unplanned operational challenges.

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.

We have established two-way contact with the Vigoride Orbital Transfer Vehicle, and as is often the case with a new spacecraft, have had some initial anomalies. We are using an unplanned frequency as we work through this and are applying for a Special Temporary Authority (STA) with the FCC to address that in order to help command the vehicle back to nominal configuration. Our engineering and operations team is working to address the anomalies.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220527005407/en/

Investors

Darryl Genovesi at investors@momentus.space

Media

Jessica Pieczonka at press@momentus.space

Source: Momentus Inc.

FAQ

What is the latest update on Momentus Inc.'s demonstration mission?

Momentus has established two-way contact with its Vigoride Orbital Transfer Vehicle but reported initial anomalies.

What challenges is Momentus facing with its Vigoride vehicle?

Momentus is addressing initial anomalies with the Vigoride and is applying for a Special Temporary Authority with the FCC.

What is Momentus Inc. planning to do in space?

Momentus plans to offer in-space transportation and infrastructure services through innovative technologies.

What propulsion system is Momentus developing?

Momentus is developing a water plasma-based propulsion system for its planned in-space transfer and service vehicles.

How can I contact Momentus for investor inquiries?

Investors can contact Momentus at investors@momentus.space.