Satellogic Now Meets Requirements for
Additional U.S. Government and Allied Nation Contracts, Supporting
its U.S.-Focused Strategy
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, today announced that it
has been granted a remote sensing license by the National Oceanic
and Atmospheric Administration (“NOAA”) as part of Satellogic’s
strategy to capitalize on high-value opportunities in the U.S.
The license results in Satellogic being subject to NOAA’s
oversight as Satellogic pivots operational control of its satellite
constellation to its U.S. personnel and expands the Satellogic
ground station network to include U.S. based ground stations. The
license was granted following a NOAA and inter-agency review of the
Satellogic constellation assessing national security, foreign
policy, and U.S. international risks and obligations.
“Satellogic’s industry-leading capacity and agility to
frequently remap large areas worldwide has driven our commercial
solutions and uniquely positioned us to fill a gap for the U.S. and
its allies,” said Matt Tirman, President of Satellogic. “U.S.
defense, intelligence, and civilian agencies have recognized a
significant and growing need to collaborate with commercial
partners like Satellogic that can provide rapid, accurate, and
trusted geospatial data for a range of global applications.”
Satellogic initiated the license application for its Aleph-1
Constellation as a critical step in establishing an end-to-end U.S.
pixel path and expanding support for customers with NOAA
requirements. Services include global tasking capacity, a range of
high-quality geospatial data, Satellogic’s unique
Constellation-as-a-Service model, and direct satellite sales via
its Space Systems program.
This news comes on the heels of the company’s recent
announcement of its decision to redomicile to the U.S., with an aim
to complete the process in the first half of 2024. Satellogic
anticipates targeting new U.S. intelligence opportunities in 2024
in addition to its current pipeline of international government and
commercial opportunities.
Satellogic operates the largest commercial fleet of submeter
resolution EO satellites in the world and provides EO data to
governments and corporations for better decision-making. Its
mission is to advance cost-efficiencies as well as rapidly iterate
its proprietary technology for the purpose of expanding affordable
access to critical information about the planet and life on
Earth.
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”,
“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, including the ability of
Satellogic to realize the potential benefits of opportunities in
the U.S. arising as a result of the license granted by NOAA, (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/20231121048197/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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