Momentus Mission Update
December 05 2023 - 7:42PM
Business Wire
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a
U.S. commercial space company that offers satellite buses and
in-space infrastructure services including transportation, hosted
payloads, and other in-orbit services, today announced an update on
its latest mission that launched on the SpaceX Transporter-9
mission on November 11.
On this mission, Momentus used a third-party deployer system to
deliver payloads into orbit. Momentus supported five payloads for
four customers.
Since launch, the Company has confirmed the deployment of the
Hello Test 1 and 2 satellites for Hello Space. Momentus cannot
confirm the deployment of the remaining three satellites for three
other customers and based on the results of a detailed
investigation undertaken, the Company does not believe those
satellites were released from the third-party deployer system.
Momentus appreciates and thanks SpaceX for its work and
collaboration in providing information necessary to assist our
ongoing investigation into the likely root cause of the issues
encountered. Momentus has also been in regular communication with
our customers.
Momentus has launched four missions to date, deployed 17
customer satellites, and provided hosted payload services. The
Company’s next mission is targeted to fly in Q1 2024. That mission
will serve customers that require orbital delivery and hosted
payload services. The mission will also feature a Momentus-hosted
payload for a rendezvous and proximity operations
demonstration.
About Momentus
Momentus is a U.S. commercial space company that offers
satellite buses and in-space infrastructure services including
transportation, hosted payloads, and other in-orbit services.
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 8, 2023, 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.
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