Momentus to Deliver Nine Satellites to Orbit for Apogeo Space Internet of Things Constellation

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.

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.”