Planned Constellation-as-a-Service program is
aimed at expanding access to geospatial data for strategic national
interests
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, today announced that it
has signed a letter of intent (the “LOI”) with Agencia Espacial
Mexicana (“AEM”) to develop a fully-featured and operational
Constellation-as-a-Service program to monitor approximately 2
million square kilometers of the nation.
The LOI provides a framework for the development of a
Constellation-as-a-Service program, leveraging Satellogic
satellites to deliver high-resolution multispectral (70cm GSD)
imagery to support Mexico’s innovation and participation in the New
Space economy with multipurpose, country-wide monitoring up to
three times a year, enhancing Mexico’s EO competence via commercial
capabilities. The LOI also includes details for a pilot project
with AEM to utilize archive imagery.
“Satellogic’s unique Constellation-as-a-Service model provides a
low-risk, cost-effective entry point for nations to leverage Earth
Observation satellites for geospatial science advancement, and
economic prosperity, as well as emergency response and
sustainability planning,” said Thomas VanMatre, VP of Global
Business Development at Satellogic. “Governments and agencies
throughout the region are focusing more intently on the benefits of
satellite data and are excited to work with Satellogic to
demonstrate for their nations what can be achieved with our
high-capacity, high-resolution constellation.”
Satellogic will host a team of AEM executives and experts at its
Pilot Plant in Montevideo, Uruguay, for a facility tour early next
year.
“Satellogic’s Constellation-as-a-Service program will introduce
a new level of Earth Observation autonomy for the government of
Mexico to service many programs across Defense, Agriculture,
Maritime Security and Census plus Geography, enriching data
resources for the respective agencies managing them,” said Dr. Adán
Salazar Garibay, General Coordinator of Scientific Research and
Space Technological Development at AEM.
Satellogic works with sovereign nations to define and develop
tailored Constellation-as-a-Service programs, enabling governments
to monitor at-risk and high-interest borders or remote regions to
support timely decision-making, manage policy impact, measure
investment and socio-economic progress. Satellogic recently signed
a three-year program agreement with the Republic of Albania, which
includes training of remote-sensing specialists to bolster
Albania’s domestic workforce.
This solution is one of the many ways Satellogic is working to
remove barriers and increase access to EO technology and data.
Satellogic’s vertical integration business model allows for faster
iteration alongside industry-leading cost efficiencies, which
enable Satellogic to offer the best data from space at the best
price.
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 and
analytics 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”,
“intend”, “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, Satellogic’s future opportunities, 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 as, 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)
Satellogic’s ability to scale its constellation of satellites and
to do so on Satellogic’s projected timeframe and in accordance with
projected costs, (ii) Satellogic’s ability to continue to meet
image quality expectations, to continue to enhance the capability
of its network of satellites and to continue to offer superior unit
economics, (iii) Satellogic’s ability to become or remain an
industry leader, (iv) the number of commercial applications for
Satellogic’s products and services, (v) Satellogic’s ability to
address all commercial applications for satellite imagery, changes
in the competitive and highly regulated industries in which
Satellogic operates, variations in operating performance across
competitors and changes in laws and regulations affecting
Satellogic’s business, (vi) the ability to implement business
plans, forecasts and other expectations, and to identify and
realize additional opportunities, (vii) the risk of downturns in
the commercial launch services, satellite and spacecraft industry,
(viii) the risk that Satellogic and its current and future
collaborators are unable to successfully develop and commercialize
Satellogic’s products or services, or experience significant delays
in doing so, (ix) the risk that third-party suppliers and
manufacturers are not able to fully and timely meet their
obligations, (x) the risk of product liability or regulatory
lawsuits or proceedings relating to Satellogic’s products and
services, (xi) the risk that Satellogic is unable to secure or
protect its intellectual property, and (xii) the risk that
Satellogic and AEM fail to enter into a definitive agreement with
respect to the matters described in the LOI. 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/20221213005026/en/
Investor Relations:
MZ Group Chris Tyson/Larry Holub (949) 491-8235
SATL@mzgroup.us
Media Relations:
Satellogic pr@satellogic.com
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