Momentus announces second services agreement with CUAVA | Daily News Byte

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Momentus announces second services agreement with CUAVA

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), an American commercial space company that plans to offer transportation and other infrastructure services in space, today announced an agreement with the Australian Research Council Training Center for CubeSats, Unmanned Aerial Vehicles and their applications (CUAVA) to transport the Waratah Seed VS-1 CubeSat into low Earth orbit in October 2023.

The Waratah Seed VS-1 mission will carry a payload from the winner of a competition to support Australian space startups based in NSW in demonstrating their technology in space and building on their spaceflight legacy. The Waratah Seed VS-1 mission will also carry commercial clients and the final manifest will be published soon.

Momentus signed its first services agreement with CUAVA earlier this year to operate the CUAVA-2 CubeSat.

“We are delighted to continue to grow our relationship with CUAVA and support Waratah Seed’s mission to provide access to the space to a new generation of innovators,” said Momentus CEO John Rudd. “Space infrastructure services can enable expanded access to space and optimize the use of space, and we look forward to supporting Australia’s first mission that seeks to bring new ideas and technologies to the space economy.”

Varatah Seed

Waratah Seed is Australia’s first ride-sharing mission, an Australian-built industry and commercially focused CubeSat. Supported by the NSW Government through their Space Industry Development Program, Waratah Seed’s mission is to deliver a 6U CubeSat platform that provides low-orbit spaceflight capabilities to test and prove function and capability.

The Waratah Seed Consortium is a partnership between CUAVA, based at the University of Sydney, ACSER at the University of New South Wales, Saber Astronautics, the Delta-V NewSpace Alliance, Macquarie University and the University of Technology Sydney.

CUAVA

CUAVA is the Australian Research Council Training Center for CubeSats, Unmanned Aerial Vehicles and Their Applications, based at the University of Sydney. CUAVA aims to fundamentally change the capabilities and applications of CubeSats to create great commercial value with wide applications.

“We are very excited to have signed two launch contracts with Momentus that will see both our VS-1 drive satellite and CUAVA-2 CubeSat go into space in 2023,” said Waratah Seed Director and CUAVA Professor Iver Cairns. “Working with Momentus has been very productive and enjoyable, despite the many challenges in developing a complex pilot project like Waratah Seed.”

About Momentus

Momentus is an American commercial space company that plans to offer infrastructure services in space, including space transportation, hosted payloads and on-orbit services. Momentus believes it can enable new ways of working in space with its Space Transfer and Service Vehicles, which will be powered by an innovative water plasma-based propulsion system under development.

Forward-looking statements

This press release contains certain statements that may constitute “forward-looking statements” for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of Momentus or its management team regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any fundamental assumptions and are not guarantees of future performance. Because forward-looking statements are forward-looking, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond 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 the risks and uncertainties included under the heading “Risk Factors” in the annual report on the form 10-K filed by the Company on March 9, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (“SEC”), available 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 place undue reliance on forward-looking statements, and, except as required by law, the Company undertakes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or some other way.

Contacts
Investors
Darryl Genovesi at investors@momentus.space

The media
Jessica Pieczonka at press@momentus.space

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