Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
satellite imagery collection, has entered into a teaming agreement
with Geollect, a world leading geospatial intelligence and data
analysis company, to offer unrivalled maritime domain awareness
capabilities.
Satellogic will contribute its maritime imagery collection and
processing capabilities to Geollect, which will lead the sensor and
geolocation monitoring process for analysis. This collaborative
workflow will provide important insights into specific areas of
interest in any maritime domain globally, e.g., military, and
commercial ports. It is an exemplary model of how high-resolution
Earth Observation (“EO”) data can be simplified and visualized
through an intuitive user interface, enabling near real-time asset
tracking and alerting solutions, on a global scale.
“This opportunity with Geollect further demonstrates the power
of Earth Observation, geospatial intelligence, and analytics,” said
Satellogic CEO, Emiliano Kargieman. “The Geollect relationship
aligns with our strategy to work with best-in-class organizations
to exploit the power of combining Earth Observation and data
analytics platforms.”
The arrangement between Satellogic and Geollect will offer
unprecedented maritime domain awareness and valuable insights to
government agencies in the fields of security, defence, and law
enforcement as well as commercial sector organizations across
transport, utilities, and insurance.
Geollect Co-Founder and CEO, Cate Gwilliam, said, “We are an
intelligence-led geospatial analytics company wholly committed to
providing our clients with answers to the difficult questions they
are asking themselves, resulting in a higher degree of clarity and
confidence in real-time decision management. That’s why we’re very
excited to be working with Satellogic and look forward to exploring
how their high-frequency and high-resolution imagery can provide
our clients with even greater transparency and insight.”
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
of high-resolution images and analytics through its information
platform 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
About Geollect
Geollect is comprised of experienced professionals, formerly of
the UK and US Intelligence Communities, and academics with advanced
geospatial data and intelligence analytic capabilities, creating a
potent blend of tech-intelligence authority. Geollect employs an
intelligence-led approach to data science and take a data science
approach to intelligence collection, resulting in a higher degree
of clarity and confidence in real-time decision management.
Find out more at: https://www.geollect.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, 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, (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, and (xi) the risk that Satellogic is unable to secure or
protect its intellectual property.
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 registration statement on Form F-1 and the prospectus
included therein 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/20220426005677/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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