Satellogic’s Constellation-as-a-Service model
will accelerate Albania’s participation in the New Space Economy
and provide unprecedented, country-wide situational awareness
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, announced today that it
has reached a three-year agreement with the Government of Albania
to develop a Dedicated Satellite Constellation. This unique program
derives from Satellogic’s Constellation-as-a-Service model and will
provide Albania with responsive satellite imagery capabilities
across its sovereign territory.
Satellogic’s unique offering enables municipal, state, and
national governments to manage a fleet of satellites over a
specific area of interest and develop an EO imaging program at
unmatched frequency, resolution, and cost. Satellogic will enable
Albania to address pressing issues involving agriculture
management, illegal crops, illegal construction activity, traffic
management, wildfire monitoring, border security, and environmental
monitoring through high-quality imagery with country-wide capacity
at a cost-effective price point.
Albania will have priority access to two satellites, which will
be named “Albania-1” and “Albania-2”, that are expected to join
Satellogic’s fleet in its upcoming satellite launch with
SpaceX.
“With the Dedicated Satellite Constellation, Satellogic will
accelerate Albania’s participation in the New Space Economy.
Additionally, these satellites will provide unprecedented,
country-wide situational awareness via the best data from space,”
said Emiliano Kargieman, CEO and Co-Founder of Satellogic. “Albania
is aiming to develop its involvement in the space community by
leveraging the power of high-resolution satellite imagery, and
we’re excited for the opportunity to support the country’s
ambitions as well as its duties as a member of NATO.”
Through Satellogic’s cloud infrastructure, Albania will have
access to responsive tasking, analysis, and dissemination of
critical insights and information. Satellogic will facilitate
training of remote-sensing specialists within the Albanian
Government to assist in the analysis and dissemination of
satellite-derived products to various ministries in the country and
build the capacity of the Albanian space economy.
Today’s news follows Satellogic’s recent announcement of a
contract to monitor all subnational protected areas on the planet
through the new GREEN+ Jurisdictional Programme. As part of this
agreement, Satellogic will collect high-resolution satellite
imagery over all the Earth’s forests until 2025, allowing
individuals and organizations to accurately monitor the compliance
of signatory jurisdictions to avoid deforestation.
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:
https://satellogic.com/investors/
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/20220928006119/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 Nov 2024 até Dez 2024
Satellogic (NASDAQ:SATL)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
