Momentus Welcomes Recent Addition to Procure Holdings’ Procure Space ETF
December 21 2021 - 4:08PM
Business Wire
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a
U.S. commercial space company that plans to offer transportation
and other in-space infrastructure services, today announced its
inclusion in the Procure Space Exchange-Traded Fund (ETF) (NASDAQ:
UFO) – the world’s first ETF to offer pure-play exposure to the
global space economy.
MNTS and several other space stocks were added to UFO on
December 20 as part of the ETF’s semi-annual portfolio rebalancing
exercise. UFO's underlying index, the S-Network Space Index,
requires that at least 80% of its components derive a majority of
their revenue from space-related activities.
"We’re pleased to be included in the Procure Space ETF,” said
Momentus Chief Executive Officer John Rood. “The new space economy
will be enabled by commercial companies and we’re glad that
investors see value in what space infrastructure and services firms
can offer for the future.”
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. The Company anticipates flying its first
Vigoride vehicle to Low Earth Orbit on a third-party launch
provider as early as June 2022, subject to receipt of appropriate
government licenses and availability of slots on its launch
provider's manifest, for which there is no assurance such licenses,
approvals and availability will be received, if at all.
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. The
words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,”
“could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,”
“plan,” “possible,” “potential,” “aim,” “strive,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions.
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 “Risk Factors” in the
Proxy Statement/Prospectus filed by the Company on July 23, 2021,
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. These
filings identify and address other important risks and
uncertainties that could cause the Company’s actual events and
results to differ materially from those contained in the
forward-looking statements. 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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version on businesswire.com: https://www.businesswire.com/news/home/20211220005983/en/
Investors Darryl Genovesi at investors@momentus.space
Media Jessica Pieczonka at press@momentus.space
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