Planet Labs PBC (NYSE:PL), a leading provider of daily Earth
data and insights, announced today that its first hyperspectral
satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE) were
successfully launched into orbit during the Transporter-11
Rideshare mission with SpaceX, which lifted off from Vandenberg
Space Force Base on Friday, August 16, 2024. The Planet team has
successfully made contact with Tanager-1 and started its
commissioning process.
Tanager-1 is made possible by the Carbon Mapper Coalition, a
philanthropically-funded effort to develop and deploy satellites
designed to detect and track methane and CO2 super-emitters at a
level of granularity needed to support direct mitigation action.
Tanager-1 combines Planet’s cutting-edge agile aerospace and
smallsat bus technology with the state-of-the-art imaging
spectrometer design developed at NASA’s Jet Propulsion Laboratory
(JPL).
“This is an amazing all California effort! A Planet satellite
carrying a JPL payload on a SpaceX rocket, from Vandenberg Air
Force Base for a California charity Carbon Mapper to help the State
of California! We’re proud to be a part of it,” said Will Marshall,
Co-Founder and CEO of Planet. “Delivering innovative space-based
solutions to our customers that improve environmental conditions is
core to our mission. Placing cutting-edge imaging spectrometer
technology in a smallsat bus platform is a remarkable achievement
for this Coalition. I’m incredibly proud of our team and everyone
who helped bring this satellite to life.”
Methane is a potent greenhouse gas that has accounted for around
30 percent of atmospheric warming since 1750. In order to slow and
ultimately halt global warming, methane emissions must be slashed
this decade along with a sustained program to reduce carbon dioxide
(CO2) emissions. Future Tanager imagery will be analyzed by expert
scientists at Carbon Mapper for methane and CO2 source detection
and quantification, meanwhile Planet will commercialize the
hyperspectral data for a variety of use cases including defense and
intelligence monitoring, biodiversity assessments, mineral mapping,
and water quality assessments.
“The successful launch of Tanager-1 is a testament to the power
of collaboration,” said Laurie Leshin, Director of NASA's Jet
Propulsion Laboratory. “Our partnership with Planet and Carbon
Mapper exemplifies how we can come together to develop innovative
solutions that address our most urgent climate challenges. JPL has
a long history of developing advanced instruments and the imaging
spectrometer onboard Tanager-1, combined with Planet's expertise,
will drive impact for environmental monitoring and mitigation.
We're excited to see the continued success of this coalition and
are proud to be part of it.”
“Any serious effort to tackle climate change must include a
focus on minimizing high emission point sources, particularly
methane ‘super-emitters’ where a small fraction of infrastructure
contributes disproportionately to total emissions,” said Riley
Duren, Co-Founder and CEO of Carbon Mapper. “There are solutions at
hand today that are capable of eliminating unnecessary leaks and
wasteful practices but until now most emission sources have
remained unobserved at the granular scales necessary to guide
mitigation action. We’re incredibly excited to apply Tanager’s
unique capabilities to make methane and CO2 emissions visible at
high resolution globally—translating data into transparent and
actionable information to help decision makers act now. There’s no
time to waste.”
In addition to Tanager-1, the Transporter-11 rocket delivered 36
SuperDoves to orbit to contribute to Planet’s flagship daily,
global monitoring mission. PlanetScope data is used by hundreds of
customers in defense and intelligence, civil government, and
commercial markets to take informed action, and better
contextualize events they’re seeing on the ground now. Planet’s
daily scan and deep archive of data across the globe is unique
within the industry and provides customers with a continuous and
comprehensive view of their areas of interest. Further, the archive
acts as a rich training ground for predictive machine-learning and
advanced artificial-intelligence models, accelerating users’
ability to draw insights from the terabytes of data collected by
Planet each day.
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 1,000 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild
Space'.
About Carbon Mapper Inc
Carbon Mapper is a nonprofit based in Pasadena, CA with the
mission to drive greenhouse gas emissions reductions by making
methane and carbon dioxide data accessible and actionable. Carbon
Mapper is focused on filling gaps in the emerging ecosystem of
methane and CO2 monitoring systems by delivering data at facility
scale that is precise, timely, and accessible to empower
science-based decision making and action. The organization leads a
public-private partnership including Planet Labs, PBC and NASA’s
Jet Propulsion Laboratory among others focused on developing and
deploying a constellation of satellites capable of detecting,
quantifying, and verifying methane emissions worldwide. Data from
these satellites will offer the next major step in scaling up the
thousands of methane plumes and CO2 plumes already publicly
available on the Carbon Mapper data portal. Learn more at
carbonmapper.org, view our data at data.carbonmapper.org, and
follow us on Twitter @carbonmapper
Forward Looking Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, the Company’s ability to capture market
opportunity and realize any of the potential benefits from current
or future product enhancements, new products, or strategic
partnerships and customer collaborations, the Company’s ability to
successfully design, build, launch and deploy, operate and market
new products and satellites and the Company’s ability to realize
any of the potential benefits from product and satellite launches,
either as designed, within the expected time frame, in a
cost-effective manner, or at all. Forward-looking statements are
based on the Company’s management’s beliefs, as well as assumptions
made by, and information currently available to them. Because such
statements are based on expectations as to future events and
results and are not statements of fact, actual results may differ
materially from those projected. Factors which may cause actual
results to differ materially from current expectations include, but
are not limited to the Company’s ability to obtain and maintain
required licenses and approvals from regulatory agencies, such as
the Federal Communications Commission (FCC), in a timely fashion,
or at all; whether the Company will be able to successfully build,
launch and deploy or operate its satellites, including new
satellites either as designed, in a timely fashion or at all; the
Company’s ability to develop and release product and service
enhancements to respond to rapid technological change, or to
develop new designs and technologies for its satellites, in a
timely and cost-effective manner; whether the Company will be able
to continue to invest in scaling its sales organization, expanding
its software engineering (including its ability to integrate new
satellite capabilities) and marketing capabilities; whether the
Company will be able to accurately predict and capture market
opportunity; whether current customers or prospective customers
adopt the Company’s platform or new products; the Company’s ability
to realize any of the potential benefits from new products and
satellites, as well as strategic partnerships and customer
collaborations; and other risk factors and disclosures about the
Company and its business included in the Company's periodic
reports, proxy statements, and other disclosure materials filed
from time to time with the Securities and Exchange Commission (SEC)
which are available online at www.sec.gov, and on the Company's
website at www.planet.com. All forward-looking statements reflect
the Company’s beliefs and assumptions only as of the date such
statements are made. The Company undertakes no obligation to update
forward-looking statements to reflect future events or
circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20240815871800/en/
Planet Press Claire Bentley Dale comms@planet.com
Planet Investor Relations Chris Genualdi, Cleo Palmer-Poroner
ir@planet.com
Planet Labs PBC (NYSE:PL)
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Planet Labs PBC (NYSE:PL)
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