Spire Global and Signal Ocean Collaborate to Drive Digitalization of the Maritime Economy; Signal Ocean to Make $10 Million Strategic Investment in Spire Global
08 Febrero 2024 - 3:05PM
Business Wire
Spire Global, Inc. (NYSE: SPIR) (“Spire” or the “Company”), a
global provider of space-based data, analytics and space services,
and Signal Ocean, a leader in shipping technology, have agreed to
partner to drive digitization of the maritime economy. Under this
agreement, Spire and Signal Ocean will partner to leverage their
respective strengths. Spire will contribute its unique, proprietary
datasets, relevant for precise monitoring of the maritime domain.
Signal Ocean will bring its best-in-class expertise in artificial
intelligence (AI), machine learning and natural language processing
to create new innovative solutions to propel the digitalization of
the maritime economy while enhancing global security and
transparency in our oceans.
“Signal, as a group, brings deep knowledge of the maritime
domain gained over years through the operation of commercial ships,
the development of proprietary analytics tools and its multiple,
successful investments across shipping, logistics and the
commodities space,” said Peter Platzer, CEO of Spire Global. “We’re
thrilled to leverage Signal’s expertise in combination with Spire’s
unique data capabilities to drive meaningful innovation that
transforms the way we understand and navigate the maritime
domain.”
“We look forward to deepening our partnership with Spire, a
leader in space technology and an established provider of
fundamental data for the maritime sector with a global,
cross-sector reach,” said Ioannis Martinos, CEO of The Signal
Group. “Our core belief is that technology adoption in the maritime
sector is accelerated through a well-linked technology ecosystem
that leverages synergies to the ultimate benefit of our users.”
On February 4, 2024, Spire and Signal Ocean Ltd (“Signal Ocean”)
entered into a securities purchase agreement (the “SPA”) for the
issuance and sale of 833,333 shares (“Shares”) of the Company’s
Class A common stock to Signal Ocean at a price of $12.00 per share
(the “Private Placement”). The Private Placement closed on February
8, 2024 (the “Closing”), resulting in gross proceeds to Spire of
$10 million.
The Company also agreed to prepare and file a registration
statement registering the Shares for resale under the Securities
Act of 1933, as amended, within 30 days of the Closing.
About Spire Global, Inc.
Spire (NYSE: SPIR) is a global provider of space-based data,
analytics and space services, offering unique datasets and powerful
insights about Earth so that organizations can make decisions with
confidence in a rapidly changing world. Spire builds, owns, and
operates a fully deployed satellite constellation that observes the
Earth in real time using radio frequency technology. The data
acquired by Spire’s satellites provides global weather
intelligence, ship and plane movements, and spoofing and jamming
detection to better predict how their patterns impact economies,
global security, business operations and the environment. Spire
also offers Space as a Service solutions that empower customers to
leverage its established infrastructure to put their business in
space. Spire has nine offices across the U.S., Canada, UK,
Luxembourg, Germany and Singapore. To learn more, visit
spire.com.
About The Signal Group
Established in 2014 Signal is a diversified shipping services
group with offices in London, Singapore, Houston and Athens. Signal
offers commercial ship management services to a pool of Aframax
class oil tankers and Product Tankers (MR). In addition, Signal
develops and invests in next generation shipping related software
technologies. It is led by an executive team who has more than 65
years of collective experience in ship management at the highest
level. The leadership team is supported by a world-class mix of
commercial shipping professionals, finance professionals,
strategists, energy market analysts, data scientists and
developers.
Signal Ocean is the technology arm which has created the Signal
Ocean Platform that allows charterers, brokers and shipowners to
securely process, aggregate, analyze and interrogate a complex
array of private and public shipping data. Powered by sophisticated
machine learning and artificial intelligence technologies, the
platform processes the available data to deliver customized,
exclusive insights for smarter, faster and more-informed
decision-making. To learn more, visit
https://www.thesignalgroup.com/
Forward-Looking Statements
This press release contains forward-looking statements,
including information about management's view of Spire’s future
expectations, plans and prospects, including our views regarding
future execution within our business, and the opportunity we see in
our industry, within the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. These statements involve
known and unknown risks, uncertainties and other factors which may
cause the results of Spire to be materially different than those
expressed or implied in such statements. Certain of these risk
factors and others are included in documents Spire files with the
Securities and Exchange Commission, including but not limited to,
Spire’s Annual Report on Form 10-K for the year ended December 31,
2022, as well as subsequent reports filed with the Securities and
Exchange Commission. Other unknown or unpredictable factors also
could have material adverse effects on Spire’s future results. The
forward-looking statements included in this press release are made
only as of the date hereof. Spire cannot guarantee future results,
levels of activity, performance or achievements. Accordingly, you
should not place undue reliance on these forward-looking
statements. Finally, Spire expressly disclaims any intent or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240208833884/en/
Sarah Freeman Communications Manager Sarah.Freeman@spire.com
Benjamin Hackman Head of Investor Relations
Benjamin.Hackman@spire.com
Spire Global (NYSE:SPIR)
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