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Momentus Inc. (MNTS) is a pioneering company in the commercialization of space, specializing in in-space transportation and infrastructure technology. With a seasoned team of aerospace, propulsion, and robotics engineers, Momentus has developed a highly efficient and cost-effective in-space transport system utilizing advanced plasma water propulsion technology. The company offers critical services in the new space economy, including Space Transportation, Satellite as a Service, and In-Orbit Servicing.
Momentus has established significant partnerships with industry giants such as Lockheed Martin and NASA, as well as various private satellite companies, government agencies, and research organizations. These collaborations underscore the company's strategic importance and operational capabilities in the space sector.
One of Momentus's notable projects is the Vigoride™ transport system, which is designed to carry satellites and hosted payloads between orbits. The first Vigoride™ launch was scheduled for December 2020, marking a significant milestone in the company's journey toward enhancing space infrastructure.
Momentus Inc. continues to push the boundaries of space technology, ensuring sustainable and efficient in-space operations. For investors and stakeholders, the company represents a crucial player in the ongoing expansion of the space economy, offering innovative solutions that cater to the growing demand for space services.
Momentus Inc. (NASDAQ: MNTS) reported its Q2 2022 financial results, marking significant milestones in its space services initiative. The company has cleared regulatory hurdles and successfully launched its Vigoride 3 vehicle, deploying seven customer satellites to low Earth orbit. Momentus plans to incorporate lessons learned from this launch into future missions, with additional launches scheduled for late 2022 and beyond. The company aims to reduce its cash burn rate and extend its financial runway into 2023 by cutting overhead and delaying R&D projects.
Momentus (NASDAQ: MNTS), a U.S. commercial space company, will report its financial results for Q2 2022 on August 11, 2022, before U.S. markets open. The company will host a conference call at 12:00 p.m. ET to discuss these results. Participants can join the call by dialing +1 (800) 715-9871 for U.S. callers or +1 (646) 307-1963 for international callers. Additional information will be available on their Investor Relations website.
Momentus (NASDAQ: MNTS), a U.S. commercial space company, reported its fourth Mission Update for the inaugural Vigoride mission initiated on May 25. Since June 29, the company deployed four additional customer satellites, bringing the total to seven, with three remaining onboard. Anomalies were experienced during the initial mission, but the root cause was identified, and corrective actions are in progress. Future launches with SpaceX are planned for November 2022 and beyond, continuing the development of in-space transportation services.
Momentus Inc. (NASDAQ: MNTS) announced the appointment of Krishnan J. Anand as Vice President of Program Management. Anand will focus on enhancing program management practices, ensuring financial and quality objectives are met. His previous experience includes leading program management at Kitty Hawk Corp/Wisk Aero and roles at Lockheed Martin, where he managed a $256M THAAD missile defense project. This strategic hire aims to bolster Momentus's capabilities in commercial space transportation and infrastructure services.
FreeWire Technologies, a leader in ultrafast electric vehicle charging, has announced the appointment of Alex Fishkin as Chief Legal Officer, Elaine Wu as Vice President of Strategic Sourcing & Logistics, and Mark Marosz as Vice President of Quality & Compliance. These strategic hires come amidst growing demand for EV charging solutions and aim to enhance operations amidst supply chain challenges. FreeWire is also expanding its U.S. operations, driven by the Bipartisan Infrastructure Law, and recently launched a new global headquarters in Newark, CA to accelerate innovation in EV charging.
Momentus Inc. (NASDAQ: MNTS) provided a third Mission Update following the launch of its Vigoride-3 spacecraft on May 25. The vehicle faced operational anomalies including malfunctioning deployable solar arrays, impacting power and communications. Despite these challenges, two customer satellites were successfully deployed on May 28. However, the company has expressed decreased confidence in deploying additional satellites as communication issues persist. Momentus plans further Vigoride launches later this year, intending to implement lessons learned from the current mission.
Momentus Inc. (NASDAQ: MNTS) announced that CEO John Rood will participate in a virtual fireside chat on IPO Edge on June 1 at 2:00 p.m. ET. The discussion will focus on the Company's first demonstration mission and its vision for in-space transportation and infrastructure services, aimed at enabling the space economy. Momentus specializes in offering in-space infrastructure, including transportation and hosted payloads, with a unique water plasma propulsion system under development.
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.
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.
Momentus Inc. (NASDAQ: MNTS) successfully launched its first Vigoride mission to low-earth orbit earlier this week, marking a significant milestone for the company. The mission involved deploying its first customer satellite and is part of a broader strategy to establish Momentus as a key player in the in-space transportation sector. CEO John Rood is set to ring the closing bell at Nasdaq MarketSite on May 27, 2022, celebrating this achievement and the company's public listing, which began trading on August 13, 2021.
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