Momentus to deliver FOSSA Systems satellites to orbit

Momentus Inc. (NASDAQ: MNTS) has signed a contract with FOSSA Systems ("FOSSA"), a Spanish company that offers global low-power Internet of Things (IoT) connectivity and in-space services through its satellite constellation, to place its latest generation of satellites, FOSSASat FEROX, into low-Earth orbit on two Vigoride Orbital Service Vehicle missions starting in 2023.

The first group of FOSSA's next-generation satellites is slated to launch on a Vigoride Orbital Service Vehicle on the SpaceX Transporter-8 mission no earlier than June 2023. This mission will demonstrate the satellites' new design features and act as a demonstration for a second batch of satellites expected to launch onboard a follow-on Vigoride vehicle on a later SpaceX Transporter mission, kicking off the deployment of a new constellation of FOSSA satellites.

"FOSSA Systems flew with us on our inaugural mission that launched in May 2022. We're pleased to have earned their trust in selecting us as their space transportation provider for their new satellites, and we look forward to building a long-term partnership toward our first large-scale constellation deployment," said Momentus Chief Executive Officer John Rood.

"FOSSA is on a mission to provide the next generation of IoT connectivity and technologies. We're proud that our services are integral to achieving their disruptive vision."

"FOSSA Systems already has a constellation of 13 picosatellites in orbit, but this next-generation will allow us to deliver higher capacity services in a commercial manner for a wider range of applications, supporting IoT and other space-related services in areas such as communications or remote sensing," said FOSSA Chief Executive Officer Julian Fernandez.

"This new generation of satellites provides unprecedented capabilities comparable to that of 6 - 12U satellites in a fraction of the size, mass, and cost. We are happy to reaffirm our trust in Momentus as we look at our launch plans for our initially 80-satellite constellation to support SaaS and dedicated satellite customers in sectors such as Maritime, Logistics, Infrastructure, Utilities or National Security."

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