Regional Presence to be Overseen by Ken
Fritschel, Vice President, International Sales, Satellogic
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, announced today that it
is enhancing its operations in the Australian market to strengthen
its regional customer relationships and provide local support for a
growing APAC space economy. The regional presence will be overseen
by Ken Fritschel, Vice President, International Sales,
Satellogic.
“Our growing presence in Australia, overseen by one of our key
executives, will provide a direct connection to the APAC region so
we can more easily work with our commercial customers and close
public sector allies across Oceania and Asia,” stated Emiliano
Kargieman, CEO and Co-Founder of Satellogic. “Australia is
committed to keeping supply chains open and believes in the
democratization of space, which is the core of our mission. We look
forward to continuing to collaborate with organizations in the
country and across the region as we further expand access to Earth
Observation data worldwide, in order to help solve the biggest
global challenges that we are facing.”
Satellogic currently operates 22 high-resolution satellites and
expects to grow its constellation to 34 satellites by Q1 2023. By
2025, the Company expects to have over 200 satellites in orbit to
provide daily remaps of the entire surface of the Earth, and up to
40 revisits of points of interest per day.
Satellogic recently announced a Multiple Launch Agreement
(“MLA”) with SpaceX, reserving launch capacity for its next 68
satellites. This new MLA, which follows the current MLA covering
2022 launches, confirms that SpaceX continues to be Satellogic’s
preferred vendor for rideshare missions, meeting the capacity
demands of the Company’s constellation roadmap and providing
shorter periods between satellite development and deployment.
Satellogic’s rapid and consistent launch cadence enables the
company to continually test new technology, refresh and augment its
constellation, and differentiate from competition.
“We are focused on developing our partnerships with the public
sector throughout APAC, in particular Australia, with its strong
security alliances across the Indo-Pacific region,” stated Matt
Tirman, EVP & GM Global Public Sector at Satellogic. “Today’s
announcement is an important step forward in this area and we
expect that our operations will accelerate the new space industry
across APAC and further support our key Oceanic, European, and
North American partners.”
The announcement is made in tandem with Satellogic's
participation at a key Australian event: Locate 2022, taking place
May 24-26 in Canberra. Thomas VanMatre, VP of Global Business
Development at Satellogic, will be delivering a presentation on
"Multi-Sensor Constellations" at 3:45 p.m. AEST on Tuesday, May
24.
Satellogic will also attend Asia Satellite Business Week in
Singapore, June 1-3. Brian Lantier, EVP of Global Revenue at
Satellogic, will participate on the "Revolutionizing Earth
Observation: From Data to AI and Analytics" panel at 3:30 p.m. SGT
on Thursday, June 2.
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,”
“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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220523005189/en/
Investor Relations: MZ Group Chris Tyson/Larry
Holub (949) 491-8235 SATL@mzgroup.us
Media Relations: Satellogic pr@satellogic.com
Satellogic (NASDAQ:SATL)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Satellogic (NASDAQ:SATL)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025
