News Release Details

HOUSTON, March 16, 2023 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, today announced that its lunar lander, Nova-C has completed all structural testing, paving the way for the Company’s first mission to the Moon later this year.

The series of modal tests, conducted by Intuitive Machines engineers, subjected the Company’s Nova-C lunar lander to low-level vibration to excite the completed lander. Results from these tests correlate the detailed finite element model of Nova-C with flight structure, ultimately allowing engineers to calculate flight environments of the lander, electronics, and customer payloads that they will be exposed to during the launch. The modal tests, in conjunction with previous vibration and static load tests, provide the complete structural certification of the flight lander.

“Completing modal testing and structural certification in advance of our first mission to the Moon is a significant milestone ahead of launching later this year,” said Steve Altemus, Chief Executive Officer of Intuitive Machines. “Returning the United States to the Moon is a historic mission, and completing this test ensures the payloads and spacecraft subsystems can withstand the vibrations of launch.”

Intuitive Machines is a leading participant in NASA’s Commercial Lunar Payload Services initiative, having been awarded contracts for three missions, to date, more than any other contractor.

About Intuitive Machines

Intuitive Machines is a diversified space company focused on space exploration. Intuitive Machines supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Intuitive Machines’ products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include but are not limited to: statements regarding our first mission to the Moon, including the expected timing thereof. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: our ability to adequately market our products and services, and to develop additional products and product offerings; our ability to manage our growth effectively, including through acquisitions; failure to maintain and protect our reputation; our ability to attract, develop, and retain capable management, editors, and other key personnel; our ability to grow market share in our existing markets or any new markets we may enter; our ability to respond to and adapt to changes in technology and consumer behavior; failure to successfully identify and integrate acquisitions, or dispose of assets and businesses; our ability to raise financing in the future and to comply with restrictive covenants related to long-term indebtedness; our ability to maintain and protect our intellectual property; and adverse global economic conditions; and such other important factors discussed under the caption "Risk Factors" in our proxy statement for extraordinary general meeting of shareholders and prospectus filed with the Securities and Exchange Commission (the “SEC”) on January 24, 2023 pursuant to Rule 424(b)(3), as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC's website at www.sec.gov and the Investors section of our website at www.investors.intuitivemachines.com.

These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

Contacts

For investor inquiries:

investors@intuitivemachines.com

For media inquiries:

press@intuitivemachines.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb2ba186-8c94-4553-9bc5-85b88fb701a1