Launch targeted in January 2024
SAN JOSE, Calif., June 05, 2023–(Enterprise WIRE)–Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial room enterprise that provides orbital transportation and in-place infrastructure solutions, has signed an agreement with Apogeo Area to give orbital transportation solutions for nine satellites that are part of Apogeo’s planned 100-satellite Online of Items (IoT) constellation.
This push launch options multimedia. Check out the entire release here: https://www.businesswire.com/news/household/20230604005073/en/
Apogeo Area aims to make a constellation of picosatellites able of offering connectivity to IoT units globally. The delivery with Momentus signifies the next batch of 9 satellites and an additional vital action towards the generation of the 100-satellite community. The constellation is scheduled to enter support by the next fifty percent of 2023.
“We are thrilled to start out this collaboration with Momentus, which will enable us to launch an additional 9 picosats shortly and allow us to anticipate our highway map of the deployment of a world wide telecommunication service for the Web of Things,” said Apogeo CEO and co-founder Guido Parissenti. “Given that our 1st deployment of satellites, information can be retrieved from IoT equipment anyplace in the environment. We anticipate entire coverage will be attained by 2027 with pretty much 100 satellites with successive launches close to each and every 3 months.”
“IoT satellites are a design of using room to gain life on Earth,” claimed Momentus Main Industrial Officer Chris Kinman. “Use of the Momentus Orbital Support Automobile is an efficient and efficient way to support the deployment of large satellite constellations like Apogeo’s. We glimpse forward to supporting them as they function towards entire deployment of their constellation.”
About Momentus
Momentus is a U.S. commercial house company that presents in-room infrastructure services, including in-area transportation, hosted payloads and in-orbit companies. Momentus thinks it can make new ways of functioning in house feasible with its prepared in-room transfer and service automobiles that will be run by an ground breaking h2o plasma-based propulsion process.
About Apogeo Room
Apogeo House is an revolutionary Italian SME targeted on developing a constellation of satellites to offer a international telecommunication company for the Net of Points (IoT), connecting lower electricity and low datarate equipment positioned in remote or badly linked places. Sectors of programs are agri-tech, good metropolitan areas, infrastructures checking (e.g.: h2o, oil & gasoline, electrical), maritime transportation and transport/logistic in common, environmental checking (e.g.: wildfires, contaminant spillage), cattle administration, investigate and a lot of additional. The corporation is also concerned in other R&D pursuits in the space sector, significantly on nanosatellites and cubesats. Lively given that 2015, it has contributed to the growth of significant jobs by ESA (European Space Company), ASI (Italian Place Company) and NASA, usually in collaboration with important investigation establishments which include INAF (Nationwide Institute of Astrophysics), INFN (Nationwide Institute of Nuclear Physics), Brera Astronomical Observatory, Bologna Astronomical Observatory and Milan Polytechnic College.
Ahead-Searching Statements
This press release contains certain statements which may perhaps represent “forward-seeking statements” for functions of the federal securities guidelines. Ahead-hunting statements consist of, but are not constrained to, statements concerning Momentus or its administration team’s anticipations, hopes, beliefs, intentions or techniques concerning the long run, projections, forecasts or other characterizations of long term functions or instances, which includes any underlying assumptions, and are not assures of future functionality. Mainly because forward-looking statements relate to the foreseeable future, they are matter to inherent uncertainties, dangers and alterations in situations that are hard to predict and a lot of of which are exterior of Momentus’ command. Quite a few variables could bring about actual upcoming situations to differ materially from the forward-hunting statements in this press release, together with but not constrained to threats and uncertainties integrated less than the heading “Danger Components” in the Yearly Report on Type 10-K submitted by the Enterprise on March 8, 2023, as these types of factors may well be up to date from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), obtainable on the SEC’s web page at www.sec.gov and the Investor Relations part of our internet site at buyers.momentus.space. Ahead-seeking statements converse only as of the date they are made. Readers are cautioned not to set undue reliance on forward-searching statements, and, other than as essential by regulation, the Corporation assumes no obligation and does not intend to update or revise these forward-seeking statements, irrespective of whether as a consequence of new information, potential situations, or in any other case.
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