Satellogic will collect high-resolution
satellite imagery over all the Earth's forests until 2025. Derived
biomass loss information will be shared publicly, and available to
the global citizenry through www.programme.green in agreement with
CC35 Capital Cities Secretariat and strategic institutional
partners
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, today announced a
contract to monitor all subnational protected areas on the planet
through the new GREEN+ Jurisdictional Programme. The provision of
reliable and consistent high-quality satellite data will be
governed by the CC35 Capital Cities Secretariat, the Global
Footprint Network and The Energy Coalition, among other respected
stakeholders committed to conserving the Earth's “last lungs.”
This critical information will enable individuals,
organizations, and global markets to accurately monitor the
compliance of signatory jurisdictions to avoid deforestation. In
light of this new program, which aims to monitor all global
subnational areas by 2023 and will be presented at COP27,
governments such as Nuevo León, a Mexican state, have committed to
increase their protected areas to 30% to reach the United Nations’
30x30 goal by 2030 and support the new Race to Conservation
campaign.
"This important agreement will make critical information on the
loss of our planet's biodiversity more widely accessible, and thus
promote the development of solutions to reverse it. We are
confident that our Earth Observation capabilities will help this
program accelerate analysis and contribute to positive results for
a more sustainable future," stated Emiliano Kargieman, CEO and
Co-Founder of Satellogic.
Sebastian Navarro, Secretary General of CC35 said: "We will be
relentless from the governance of the GREEN+ Program with those who
want to continue playing with the future of humanity. Thanks to
this robust agreement with Satellogic, the global citizenry will
have access to real-time information on deforestation, its changes
month-by-month, and the sources that are producing them. This will
also generate unprecedented credibility among investors of the
carbon credits produced by conservation, as it will produce a
double circular target; half of the funds from conservation will go
directly to decarbonization."
Mathis Wackernagel, creator of the ecological footprint and
Founder of the Global Footprint Network added: “Clearly, regions
and cities which do not prepare themselves for the inevitable
future – one where we will live off conservation and regeneration
rather than depletion – are destroying their own options to fully
operate while also exacerbating overshoot. Without making the
necessary adjustments which would allow them to thrive in a world
of climate emergency, resource constraints, and massively reduced
fossil fuel use, they are not only stealing from humanity’s future
but also thwarting their own abilities to operate in that future.
Decision-makers who ignore this reality are the enablers of the
ecological Ponzi scheme by which future regeneration is stolen
through the depletion of today’s natural capital.”
Craig Perkins, Executive Director of The Energy Coalition added:
"There is an urgent need to understand the cycle between
conservation and decarbonization if we are to successfully engage
local communities in the transition to a new energy economy. The
climate crisis is devastating our ecological capital and we must
build programs and initiatives that are committed to ensuring it.
We can count on Satellogic to enhance our processes for monitoring
forests and under the GREEN+ Jurisdictional Programme also advance
the future measurement of energy emissions in the most populated
areas of the planet with the aim of achieving more robust and
transparent processes."
From the GREEN Trust, Alejandro Guerrero, CEO of Lockton for
Argentina & Uruguay added: “This exclusive collaboration with
Satellogic guarantees the Program's governance to have and
communicate a clear view for the markets on Risk & Prevention
concerns, creating a historic opportunity to promote conservation
incentives through solid financial tools, increasing liquidity
opportunities for forest owners, in this case in the hands of the
public sector, to accelerate and expand clean infrastructure
implementation timelines.”
Satellogic recently confirmed that SpaceX will continue to be
its preferred vendor for rideshare missions, announcing a new
Multiple Launch Agreement for 2023 and beyond, reserving launch
capacity for its next 68 satellites. The Company is working towards
building the capability to capture every square meter of the
Earth's surface daily in high-resolution for better decision-making
at every level around the world.
About GREEN+ Jurisdictional Programme and GREEN Trust
The program created in 2022 by an alliance of institutions with
extensive experience in regions and cities, in biodiversity, energy
transition, artificial intelligence, biocapacity, risk, finance,
carbon and other sectors, aims to secure all Subnational Protected
Areas on the planet and promote through public-private agreements
the creation of greater incentives to ensure conservation to
accelerate decarbonization on Race to Zero commitments. In this way
and with permanent satellite monitoring, a greater social and
environmental impact can be achieved and urban pollution can be
reduced in the same jurisdiction.
This initiative will provide the global citizenry with greater
democratization and access to open information on protected areas
worldwide that have supporting legislation.
In addition, through the Program's partnership with different
media outlets, regular conservation status updates will be provided
in different languages on the loss of biomass of the Earth's last
lungs.
According to scientific reports, an increase of 30% to 44% of
protected forests is needed by 2030 and this will not be possible
without new monitoring, penalization and incentive mechanisms.
To learn more, visit: https://programme.green
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 and to do so on
Satellogic’s projected timeframe, (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/20220926005185/en/
Investor Relations:
MZ Group Chris Tyson/Larry Holub (949) 491-8235
SATL@mzgroup.us
Media Relations:
Satellogic pr@satellogic.com
GREEN+ Jurisdictional Programme media@programme.green
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