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May 31, 2022, 6:03 a.m. EDT

Momentus First Demonstration Mission Update #2

SAN JOSE, Calif., (BUSINESS WIRE) -- Momentus Inc. /zigman2/quotes/208519272/composite MNTS -0.83% ("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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220530005470/en/

SOURCE: Momentus Inc.

Investors
Darryl Genovesi at investors@momentus.space Media
Jessica Pieczonka at press@momentus.space

COMTEX_407990393/2456/2022-05-31T06:03:18

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/zigman2/quotes/208519272/composite
US : U.S.: Nasdaq
$ 1.20
-0.01 -0.83%
Volume: 122,314
Nov. 25, 2022 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$100.98 million
Rev. per Employee
$1,517
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