Momentus to Deliver Nine Satellites to Orbit for Apogeo Space Internet of Things Constellation
June 05 2023 - 6:33AM
Business Wire
Launch targeted in January 2024
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a
U.S. commercial space company that offers orbital transportation
and in-space infrastructure services, has signed an agreement with
Apogeo Space to provide orbital transportation services for nine
satellites that are part of Apogeo’s planned 100-satellite Internet
of Things (IoT) constellation.
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Apogeo Space aims to build a constellation of picosatellites
capable of providing connectivity to IoT devices globally. The
delivery with Momentus represents the second batch of nine
satellites and another key step toward the creation of the
100-satellite network. The constellation is scheduled to enter
service by the second half of 2023.
“We are thrilled to start this collaboration with Momentus,
which will allow us to launch an additional nine picosats shortly
and permit us to anticipate our road map of the deployment of a
global telecommunication service for the Internet of Things,” said
Apogeo CEO and co-founder Guido Parissenti. “Since our first
deployment of satellites, data can be retrieved from IoT devices
anywhere in the world. We anticipate full coverage will be achieved
by 2027 with almost 100 satellites with successive launches
approximately every 3 months.”
“IoT satellites are a model of using space to benefit life on
Earth,” said Momentus Chief Commercial Officer Chris Kinman. “Use
of the Momentus Orbital Service Vehicle is an efficient and
effective way to support the deployment of large satellite
constellations like Apogeo’s. We look forward to supporting them as
they work toward full deployment of their constellation.”
About Momentus
Momentus is a U.S. commercial space company that offers 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.
About Apogeo Space
Apogeo Space is an innovative Italian SME focused on building a
constellation of satellites to provide a global telecommunication
service for the Internet of Things (IoT), connecting low power and
low datarate devices located in remote or poorly connected areas.
Sectors of applications are agri-tech, smart cities,
infrastructures monitoring (e.g.: water, oil & gas,
electrical), maritime transportation and transport/logistic in
general, environmental monitoring (e.g.: wildfires, contaminant
spillage), cattle management, research and many more. The company
is also involved in other R&D activities in the space sector,
particularly on nanosatellites and cubesats. Active since 2015, it
has contributed to the development of major projects by ESA
(European Space Agency), ASI (Italian Space Agency) and NASA, often
in collaboration with major research institutions including INAF
(National Institute of Astrophysics), INFN (National Institute of
Nuclear Physics), Brera Astronomical Observatory, Bologna
Astronomical Observatory and Milan Polytechnic University.
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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Investors: investors@momentus.space
Media: press@momentus.space
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