Strategic Alliance to Evolve Real Estate Data
and Analytics
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation data (“EO”) collection, announced today that it
has signed an agreement with Quant Data & Analytics (“Quant”),
a leading Saudi provider of Data & AI Products and Enterprise
Solutions focused on the real estate and retail sectors. This
strategic agreement leverages Satellogic’s high-resolution
satellite imagery to serve and evolve the ever-expanding property
tech landscape across the Kingdom of Saudi Arabia and the Gulf
region.
Quant’s collaboration with Satellogic will lead to the
development of derivative products, transforming and broadening the
adoption of data science, AI, and SaaS products for real estate and
retail. Satellogic’s flexible and scalable business model will
support Quant’s Suhail platform, an interactive real estate tool
for agencies, developers, and clients. The agreement will empower
the Saudi Arabian and Gulf region’s real estate and retail sector
by delivering AI solutions and unparalleled insights, accuracy, and
efficiency for driving growth and enhancing decision-making
processes.
Ahmed Bukhamseen, CEO of Quant Data & Analytics, stated,
“Our collaboration with Satellogic marks a momentous advancement in
data analytics for our region. The integration of high-resolution
satellite imagery with our AI and geospatial technologies elevates
our interactive real estate platform, Suhail, and Location
Intelligence tool powered by Fruits360 to unprecedented levels.
This strategy resonates with our vision of a data-driven global
economy and fulfills our goal to spread, implement, and automate
data-led solutions.”
Caitlin Kontgis, Satellogic’s Senior Vice President of
Commercial and Growth, added, “Quant is redefining the future of
real estate and retail, creating opportunities for evolving
processes such as property valuations and insurance underwriting.
They needed an Earth Observation data provider capable of
delivering high capacity, high resolution, and frequent revisits at
an attainable price. This relationship illustrates the potential of
Satellogic’s Earth Observation business model.”
This collaboration is timely, coinciding with increased Saudi
government investment in infrastructure to stimulate tourism,
residential, and commercial real estate developments. Leveraging
Satellogic’s high-resolution EO satellite constellation, the
agreement will enable monitoring of rapid urban development and
compliance with environmental and zoning regulations, enhancing
competitiveness in the high growth market.
By harnessing the power of satellite imagery, Quant is laying
the foundation for a futuristic approach to data-led development,
monitoring, and decision-making. This collaboration promises to be
a game-changer in utilizing big data to make transformative impacts
on real estate, retail and beyond.
About Quant Data & Analytics
As data became excessive and abundant, Quant was established as
a Saudi consultancy company to provide services such as Data
Analytics, Business Intelligence, Artificial intelligence, Machine
Learning, Data Quality Management, and Analytics Training,
Predictive Analytics, as well as AI & BI SaaS products. At
Quant, we empower aspiring businesses and dynamic governments to
become data-driven through our offered services, which allows them
to optimize operations, enhance efficiency, and augment
decision-making.
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 Earth Observation 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”,
“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, 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/20230815561817/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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