Momentus to provide hosted payload services for FOSSA Systems

by Staff Writers
San Jose CA (SPX) Aug 30, 2023
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 to provide hosted payload services starting in 2024. The contract also includes two options for additional hosted payloads.

The 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.

Hosted 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.

"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

"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."

Momentus 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 provide hosted payload support to SSPD over the coming months as it continues its operations.

In addition to the Vigoride Orbital Service Vehicle, Momentus is now also offering its M-1000 satellite bus which is based on space-proven Vigoride. The M-1000 bus offers significant advantages to commercial and government customers such as its high power - up to 3 kW of peak power - large payload capacity, flexible configuration, speed from requirements to delivery on-orbit, and low cost. Momentus has offered the M-1000 satellite bus to both commercial constellation providers and to the U.S. Government.

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Artificial Intelligence Analysis

Defense Industry Analyst: 8

Stock Market Analyst: 7

General Industry Analyst: 7

Analyst

Summary

: Momentus Inc. (NASDAQ: MNTS) and FOSSA Systems have signed a contract for Momentus to provide hosted payload services starting in 202

4. This service includes 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. This is an expansion of the services provided by Momentus and is a strategic complement to FOSSA’s existing IoT satellite constellation. This collaborative effort is reflective of the increasing focus on providing hosted payload services in the space and defense industry over the past 25 years.

Investigative

Question:

• 1. How does the hosted payload service provided by Momentus compare to other services in the space and defense industry?

• 2. What are the potential long-term implications of this contract for Momentus and FOSSA?

• 3.

How will the addition of hosted payload services to FOSSA’s IoT satellite constellation affect the company’s profitability?

4. Are there any other companies that could benefit from the hosted payload services provided by Momentus?

5. What other services would be beneficial to the space and defense industry?

This AI report is generated by a sophisticated prompt to a ChatGPT API. Our editors clean text for presentation, but preserve AI thought for our collective observation. Please comment and ask questions about AI use by Spacedaily. We appreciate your support and contribution to better trade news.

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