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Momentus to Provide Hosted Payload Services for FOSSA Systems
SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses,
About this update from Momentus Inc.
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nMomentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, 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 to provide hosted payload services starting in 2024. The contract also includes two options for additional hosted payloads.\n\n\nThe hosted payloads will strategically complement FOSSA’s existing IoT satellite constellation with additional capacity and serve as a technology demonstrator platform independent of the future satellite launches FOSSA has scheduled for 2024 and 2025.\n\n\nHosted payload support is a core Momentus offering that enables customers to focus on their payload’s objective while Momentus provides the on-orbit logistics needed to operate the payload. Integrated in Momentus’ hosted payload service offering is the supply of power, data, communications, and flexible configure-to-order options such as intersatellite communications, extended data storage, ultra-high precision pointing, and edge computing capability.\n\n\n\"Adding to our satellite platforms, we look to expand our way of hosting communications payloads by leveraging on existing launch opportunities, namely the Vigoride. We look forward to collaborating once again with Momentus,” said FOSSA Chief Executive Officer Julian Fernandez\n\n\n“Momentus provided orbital delivery services to FOSSA on the inaugural mission of Vigoride in 2022 and most recently provided mission management and integration support for the launch of the FOSSASat FEROX satellite in June 2023,” said Momentus Chief Executive Officer John Rood. “We’re pleased that FOSSA has selected Momentus again to support its growing needs and the innovation they are bringing to the market. They are a valued repeat customer and we’re always excited to help bring their ideas to life on orbit.”\n\n\nMomentus is currently providing hosted payload services to Caltech for its Space Solar Power Demonstrator (SSPD). The SSPD launched on Vigoride-5 in January 2023. Caltech reports that its payload recently demonstrated its ability to wirelessly transmit power in space and to beam detectable power to Earth. Momentus will continue to pr...