Maxar Granted Exclusive Rights to Satellogic
Data for Missions Supporting the U.S. Government and Select
International Government Partners
Maxar Intelligence and Satellogic, Inc. (NASDAQ: SATL) have
announced a tasking, data licensing and distribution agreement (the
“Agreement”) that enhances Maxar’s ability to deliver monitoring
and change detection insights in near real-time for the U.S.
government and the government’s partners around the world.
Specifically, the Agreement grants Maxar exclusive rights to
task Satellogic’s high-revisit constellation and use its
cost-effective satellite imagery to support national security
missions for the U.S. Government and select U.S. partners
internationally.
Pairing Satellogic’s high frequency revisit rates with Maxar’s
very-high resolution satellite imaging capabilities and AI-powered
technologies creates a differentiated offering in the market. Maxar
can task Satellogic imagery and apply machine learning models to
simultaneously monitor activity and detect change over multiple
geographies. When it is time to better understand that activity or
change, Maxar can collect a 30 cm-class image to get a more
detailed and precise view. This Agreement unlocks new opportunities
to deliver Earth observation data by achieving a balance between
cost, resolution, and revisit frequency.
“This agreement with Maxar is a watershed moment in Earth
observation, providing crucial capacity to warfighters and allies,"
said Matt Tirman, President of Satellogic. "Combining our
constellation with Maxar's expertise enables comprehensive
monitoring and analytics to meet the demand for actionable
intelligence. Access to Maxar's distribution platform expands our
reach and delivers our data to more customers.”
This partnership will further enhance Maxar’s virtual
constellation capability, which brings together complementary
sensors to create a seamless collection, delivery and analysis
workflow for users.
“In today’s dynamic environment, warfighters and intelligence
analysts need to be able to detect and understand change over many
areas of interest simultaneously,” said Peter Wilczynski, Chief
Product Officer at Maxar Intelligence. “To achieve this more
ambitious mission, customers need access to more than one
constellation—tipping and cueing between sensors to balance between
cost, revisit and resolution is essential. Adding Satellogic into
our virtual constellation allows us to deliver timely
mission-critical insights to our U.S. and international government
customers at even greater scale, giving them a strategic
advantage.”
About Maxar Intelligence
Maxar Intelligence is a leading provider of secure, precise
geospatial insights. Operating the most advanced commercial Earth
observation constellation on orbit, we use the power of very
high-resolution satellite imagery and software technology to
deliver mission success on Earth and in space. Our secure,
AI-powered products and services deliver ground truth in near
real-time to keep nations safe, improve navigation, protect our
planet, speed up disaster response and more. For more information,
visit www.maxar.com.
About Satellogic
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte,
Satellogic (NASDAQ: SATL) is the first vertically integrated
geospatial company, driving real outcomes with planetary-scale
insights. Satellogic is creating and continuously enhancing the
first scalable, fully automated EO platform with the ability to
remap the entire planet at both high-frequency and high-resolution,
providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data
through its information platform of high-resolution images to help
solve the world’s most pressing problems including climate change,
energy supply, and food security. Using its patented Earth imaging
technology, Satellogic unlocks the power of EO to deliver
high-quality, planetary insights at the lowest cost in the
industry.
With more than a decade of experience in space, Satellogic has
proven technology and a strong track record of delivering
satellites to orbit and high-resolution data to customers at the
right price point.
To learn more, please visit: http://www.satellogic.com
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws. The words
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”,
“intends”, “may”, “might”, “plan”, “possible”, “potential”,
“predict”, “project”, “should”, “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. These
forward-looking statements are based on Satellogic’s current
expectations and beliefs concerning future developments and their
potential effects on Satellogic and include statements concerning
Satellogic’s strategies, including its plans to redomicile in the
U.S., Satellogic’s future opportunities and financial performance,
and the commercial and governmental applications for Satellogic’s
technology. 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. These statements are based on various
assumptions, whether or not identified in this press release. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve, and must not be relied on by an
investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Satellogic. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: (i)
our ability to generate revenue as expected, (ii) our ability to
effectively market and sell our EO services and to convert
contracted revenues and our pipeline of potential contracts into
actual revenues, (iii) risks related to the secured convertible
notes, (iv) the potential loss of one or more of our largest
customers, (v) the considerable time and expense related to our
sales efforts and the length and unpredictability of our sales
cycle, (vi) risks and uncertainties associated with defense-related
contracts, (vii) our ability to scale production of our satellites
as planned, (viii) unforeseen risks, challenges and uncertainties
related to our expansion into new business lines, (ix) our
dependence on third parties to transport and launch our satellites
into space, (x) our reliance on third party vendors and
manufacturers to build and provide certain satellite components,
products, or services, (xi) market acceptance of our EO services
and our dependence upon our ability to keep pace with the latest
technological advances, (xii) competition for EO services, (xiii)
unknown defects or errors in our products, (xiv) risk related to
the capital-intensive nature of our business and our ability to
raise adequate capital to finance our business strategies, (xv)
uncertainties beyond our control related to the production, launch,
commissioning, and/or operation of our satellites and related
ground systems, software and analytic technologies, (xvi) the
failure of the market for EO services to achieve the growth
potential we expect, (xvii) risks related to our satellites and
related equipment becoming impaired, (xviii) risks related to the
failure of our satellites to operate as intended, (xix) production
and launch delays, launch failures, and damage or destruction to
our satellites during launch and (xx) the impact of natural
disasters, unusual or prolonged unfavorable weather conditions,
epidemic outbreaks, terrorist acts and geopolitical events
(including the ongoing conflicts between Russia and Ukraine, in the
Gaza Strip and the Red Sea region) on our business and satellite
launch schedules. The foregoing list of factors is not exhaustive.
You should carefully consider the foregoing factors and the other
risks and uncertainties described in the “Risk Factors” section of
Satellogic’s Annual Report on Form 20-F and other documents filed
or to be filed by Satellogic from time to time with the Securities
and Exchange Commission. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Satellogic
assumes no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Satellogic can give no assurance that
it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20241211922272/en/
Media Contacts
Maxar Intelligence Tomi Maxted, Media Relations
tomi.maxted@maxar.com
Satellogic, Inc. Ryan Driver, VP of Strategy &
Corporate Development pr@satellogic.com
Satellogic (NASDAQ:SATL)
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