Momentus

Celebrating a Year of Progress with More to Come in 2023

Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers transportation and other in-space infrastructure services, is wrapping up 2022 with significant accomplishments and a focus on taking strides toward achieving its vision in 2023.

“2022 was a big year for Momentus. We conducted our first mission, delivered eight customer payloads to orbit, expanded our services to new geographies, signed service agreements with civil and commercial customers, and continued to test and advance our technology to support the future of space infrastructure,” said Momentus Chief Executive Officer John Rood. “As we look ahead to next year, our focus remains on delivering for our customers, testing our technologies in space, and innovating our services to meet the needs of a thriving space economy.”

First Flight

Momentus established initial flight heritage of its Vigoride Orbital Service Vehicle (OSV) that launched on the SpaceX Transporter-5 mission in May 2022. Vigoride welcomed payloads for FOSSA Systems, Orbit NTNU, and California State Polytechnic University among its customers. FOSSA’s payload featured multiple picosatellites as part of a constellation to provide global and real-time Internet of Things (IoT) connectivity for industrial applications. Orbit NTNU’s payload, SelfieSat, supported a student-led initiative from Norway. California State Polytechnic University’s payload, BroncoSat-1, featured a technology demonstration. In total, Momentus deployed eight satellites from its Vigoride OSV and a third-party deployer.

New Business

Momentus secured multiple new agreements in 2022 to serve the needs of low-Earth orbit customers, including NASA, LuxSpace, CUAVA, and CONTEC CO. These customers join a backlog of others scheduled to fly with Momentus in 2023.

In addition to these contracts, Momentus and Sidus Space signed a Memorandum of Understanding (MOU) to explore launching LizzieSat satellites onboard Vigoride. The MOU also seeks to foster collaboration between the two companies to use their joint capabilities to seek new opportunities together, expanding both firms’ reach.

Advancing Technology

The Momentus team continued to develop and test its technology this year with a focus on integrating lessons learned from the inaugural mission, including comprehensive ground testing of Vigoride’s solar arrays and Microwave Electrothermal Thruster (MET).

“We made improvements to our systems following continued ground testing, and after applying the lessons we learned from our first mission,” said Rood.

The team also accelerated work related to the TApe Spring Solar Array (TASSA). These large sheets of flexible solar cells are bonded to tape springs. To stow, they are tightly coiled around a mandrel. After launch, motors unroll the mandrel, deploying the solar array.