Momentus Experiencing High Volume

March 5, 2024

DENVER, Colo., Mar 05, 2024 (247marketnews.com)- Momentus Inc. (NASDAQ:MNTS) is a San Jose based commercial space company that offers satellite buses, transportation, and other in-space infrastructure services.

Momentus is trading at $1.04, up $0.26 (+33.33%), on 2.36M shares.

Its last announcement was on February 1, when it was awarded a contract modification, from the Space Development Agency, to continue development of the Vigoride Orbital Service Vehicle for Department of Defense Mission Requirements.

At that time John Rood, Chief Executive Officer of Momentus, stated,”Vigoride’s flexibility, payload capacity, and power make it well-positioned to support a range of national security missions like space situational awareness, surveillance, reconnaissance, and other priorities.”

Rood concluded,”We’re pleased that the Space Development Agency has expanded this contract to make improvements to Vigoride, so it is tailored to support SDA and DoD’s growing needs and to meet the requirements of their national security missions.”

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Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

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