NEW YORK--(BUSINESS WIRE)--Apr. 26, 2022--
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution satellite imagery collection, has entered into a teaming agreement with Geollect, a world leading geospatial intelligence and data analysis company, to offer unrivalled maritime domain awareness capabilities.
Satellogic will contribute its maritime imagery collection and processing capabilities to Geollect, which will lead the sensor and geolocation monitoring process for analysis. This collaborative workflow will provide important insights into specific areas of interest in any maritime domain globally, e.g., military, and commercial ports. It is an exemplary model of how high-resolution Earth Observation (“EO”) data can be simplified and visualized through an intuitive user interface, enabling near real-time asset tracking and alerting solutions, on a global scale.
“This opportunity with Geollect further demonstrates the power of Earth Observation, geospatial intelligence, and analytics,” said Satellogic CEO, Emiliano Kargieman. “The Geollect relationship aligns with our strategy to work with best-in-class organizations to exploit the power of combining Earth Observation and data analytics platforms.”
The arrangement between Satellogic and Geollect will offer unprecedented maritime domain awareness and valuable insights to government agencies in the fields of security, defence, and law enforcement as well as commercial sector organizations across transport, utilities, and insurance.
Geollect Co-Founder and CEO, Cate Gwilliam, said, “We are an intelligence-led geospatial analytics company wholly committed to providing our clients with answers to the difficult questions they are asking themselves, resulting in a higher degree of clarity and confidence in real-time decision management. That’s why we’re very excited to be working with Satellogic and look forward to exploring how their high-frequency and high-resolution imagery can provide our clients with even greater transparency and insight.”
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: http://www.satellogic.com
About Geollect
Geollect is comprised of experienced professionals, formerly of the UK and US Intelligence Communities, and academics with advanced geospatial data and intelligence analytic capabilities, creating a potent blend of tech-intelligence authority. Geollect employs an intelligence-led approach to data science and take a data science approach to intelligence collection, resulting in a higher degree of clarity and confidence in real-time decision management.
Find out more at: https://www.geollect.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 registration statement on Form F-1 and the prospectus included therein 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/20220426005677/en/
Investor Relations:
MZ Group
Chris Tyson/Larry Holub
(949) 491-8235
SATL@mzgroup.us
Media Relations:
Satellogic
pr@satellogic.com
Source: Satellogic Inc.
