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Intuitive Machines Appoints Executive Leader for Data Services Business

1. Intuitive Machines appointed James J. Frelk as Senior VP, Data Services. 2. Frelk brings 30 years of experience in national security and intelligence. 3. He will enhance data relay and product offerings for space operations. 4. Intuitive Machines aims to disrupt lunar access economics significantly. 5. Successful lunar lander mission in 2024 marks a milestone for the company.

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Why Bullish?

The appointment of a highly experienced executive may signal growth and strategic advancement. Historical precedence shows leadership changes in tech firms can bolster investor confidence and share prices.

How important is it?

The hiring of Frelk is significant as it strengthens leadership in a key growth area, likely affecting the stock positively. Specialized knowledge in national security and AI could attract government contracts, enhancing revenue streams.

Why Short Term?

The immediate impact from the executive appointment is likely to influence short-term investor sentiment. However, substantial operational changes will take longer to materialize.

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NASDAQ: NASANYSE: LOCKNASDAQ: MAXR
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- – Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, has appointed James J. Frelk as Senior Vice President, Data Services, effective March 3rd. Mr. Frelk is a senior executive leader with more than 30 years of experience in national security, commercial satellites, intelligence, surveillance, reconnaissance, cyber security, artificial intelligence, and other critical programs in both government and commercial industry.    “We are excited to welcome Jim to the team as we continue to build out our data transmission services pillar in order to become the premier enabler and provider of complex commercial, civil, and national security space operations,” said Intuitive Machines CEO Steve Altemus. “In his new role, Jim’s experienced leadership will be critical in enhancing our data relay and derived product offerings, as well as expanding our partnerships and technology to encompass national security space requirements. Intuitive Machines is committed to establishing capabilities as a company that are strategic assets to both the U.S. government and the commercial sector, and we are so pleased that Jim has joined us to further these efforts,” said Altemus. Mr. Frelk previously served as NASA’s Deputy Associate Administrator for PA&E, Director of the Office of Space Commerce (US Department of Commerce), and assisted in founding both Lockheed’s Space Imaging and Maxar’s Earthwatch/Digital Globe. He is Vice Chair of the National Security Space Association Moorman Center for Space Studies where he provides strategic guidance and thought leadership for national security space initiatives and advises on space policy, defense, and emerging technologies. He has served in executive positions for more than 20 years, including positions that managed strategic partnerships with the National Reconnaissance Office, the Department of Defense, and other non-government agencies. In his most recent role, Mr. Frelk led strategic initiatives for autonomous robotic solutions and spearheaded Assured Positioning, Navigation and Timing solutions for GPS-denied environments and Joint All-Domain Command and Control strategies for the Department of Defense. About Intuitive Machines Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit intuitivemachines.com. Contacts For investor inquiries: investors@intuitivemachines.com For media inquiries: press@intuitivemachines.com This press release was published by a CLEAR® Verified individual.

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