Partnership Expands Access to Satellogic’s Earth Observation Data, Further Democratizing Geospatial Intelligence
NEW YORK--(BUSINESS WIRE)--Mar. 28, 2023--
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced its partnership and integration with SkyFi, a leading provider of EO data. This partnership will allow SkyFi’s customers to task Satellogic satellites directly through the platform either at https://app.skyfi.com or on the SkyFi app. This capability is available to both businesses and individuals.
“SkyFi and Satellogic are both committed to democratizing access to Earth Observation data,” said Emiliano Kargieman, CEO and Co-Founder of Satellogic. “This partnership expands the availability of affordable, high-resolution satellite images and enables customers to task their specific points of interest through a seamless app. It’s a strategic step forward in helping to increase the adoption of Earth Observation across existing and emerging markets.”
Satellogic is focused on delivering high-resolution EO data to help advance critical analysis for global challenges including climate change, energy supply, and food security. The Company currently has 30 satellites in orbit. Satellogic is working toward an unprecedented capability of daily global remaps in high-resolution – providing up to 40 revisits of points of interest per day for better decision-making at every level around the world.
“Satellogic’s rapidly expanding constellation is enabling us to further easify access to Earth Observation data,” said Luke Fischer, Co-Founder and CEO of SkyFi. “The company is a perfect partner as we are always focused on providing the greatest value at the lowest cost to our customers.”
SkyFi streamlines access to EO data through its web and mobile app, providing a seamless user experience with transparent pricing. The company is developing an end-to-end EO marketplace with an integrated insights platform and storage solution.
Satellogic will soon be expanding its offering for SkyFi users with priority tasking, which offers shorter task-to-capture and delivery timelines. Additionally, more product levels for a wider range of applications, including higher resolutions to unlock new details and analysis, will be introduced.
Satellogic’s integration with SkyFi marks a new venture into distributing Satellogic’s data more widely. This program is expected to expand with additional marketplace integrations, which confirms the high demand for Satellogic’s unique blend of capabilities and price point.
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”, “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 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 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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Chris Tyson/Larry Holub
Source: Satellogic Inc.