Company Advances on Goal of Bi-Weekly Global
Remapping and Enhanced Geospatial Capabilities with 5th Generation
Satellites
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
satellite imagery collection, today announced that four NewSats
Mark-V spacecraft successfully reached low-Earth orbit following a
SpaceX Falcon 9 launch on June 12th from Vandenberg Space Force
Base in California. This marks Satellogic’s 15th mission and its
first payload comprised exclusively of its latest generation
spacecraft with advanced Earth Observation (“EO”) capabilities.
Each spacecraft reached low Earth orbit and successfully
connected with Satellogic’s ground station network following the
launch. Satellogic now has 38 microsatellites in orbit, the largest
commercial fleet of sub-meter resolution satellites in the
world.
“Today we celebrate 15 consecutive successful missions and the
continued expansion of our constellation, which means we are
consistently delivering more capacity, more reliability – and in
this case next-gen capabilities – for our customers,” said Matt
Tirman, Chief Commercial Officer of Satellogic. “With each launch,
we increase opportunities for Earth Observation autonomy, whether
through asset monitoring, Constellation-as-a-Service, or validating
enhancements for future Space Systems customers. With greater
capacity, we can serve customers’ individual needs more
effectively.”
Satellogic designed and manufactured the NewSats Mark-V
spacecraft, which include over 10,000 components in a system that
enables 10 times the image collection capability of our competitors
and end-to-end vertical integration with solutions that make access
to high-frequency and high-resolution imagery affordable. Improved
cameras, radios, computers, and other subsystems compatible with
components from previous models, enable Satellogic to provide its
customers with higher quality products. Each spacecraft carries a
multispectral camera to provide geospatial data with 0.7-meter
resolution imagery and unmatched frequency for customized
applications.
Satellogic continues its tradition of recognizing pioneering
women in STEM, this time honoring Carolyn Shoemaker, an American
astronomer and a co-discoverer of Comet Shoemaker-Levy; Cecilia
Payne-Gaposchkin, a British-born American astronomer and
astrophysicist, who in her 1925 doctoral thesis made the
groundbreaking conclusion that stars were composed primarily of
hydrogen and helium; Maria Wonenburger, a Galician mathematician
known for her work on group theory, who was the first Spanish woman
to obtain a Fulbright scholarship for doctoral studies in
mathematics; and Rose Dieng-Kuntz, a Senegalese computer scientist
and pioneer specializing in artificial intelligence, who was the
first African woman to enroll in the École Polytechnique.
Satellogic’s previous launch on the SpaceX Transporter-7 Mission
in April 2023 was the final integration of the Company’s earlier
NewSats Mark-IV spacecraft model. Satellogic expects to build and
launch up to 10 additional NewSats Mark-V satellites this year to
increase its ability to remap the Earth every two weeks by the end
of 2023. The Company aims to expand its constellation to over 200
satellites for daily remaps of the Earth's surface, with up to 40
revisits of points of interest per day, for better decision-making
at every level around the world.
To watch SpaceX’s Transporter-8 mission webcast, please visit:
spacex.com/launches.
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 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, 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 the market for Satellogic’s products and
services does not develop as anticipated, (ix) 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, (x) the
risk that third-party suppliers and manufacturers are not able to
fully and timely meet their obligations, (xi) the risk of product
liability or regulatory lawsuits or proceedings relating to
Satellogic’s products and services, and (xii) 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230612373224/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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