Deal unlocks use of constellation capacity, immediately meeting demand for cutting-edge Non-Earth Imagery to address critical needs in Space Situational Awareness
HERNDON, Va.--(BUSINESS WIRE)--Oct. 8, 2024--
BlackSky Technology Inc. (NYSE: BKSY) won a seven-figure contract to deliver non-Earth Imaging (NEI) services to support the customer’s Space Domain Awareness (SDA) capabilities. As part of the contract BlackSky will integrate Gen-2 satellite imagery of on-orbit spacecraft into the customer’s collection of SDA assets.
“BlackSky’s expansion into SDA unlocks additional value from our current high-resolution Gen-2 constellation and immediately meets our customer’s demand for NEI solutions,” said Brian O’Toole, BlackSky CEO. “Our continued momentum in the NEI space demonstrates technical agility and a strategic commitment to innovation that provides reliable, practical value to Space Situational Awareness operations.”
Space Situational Awareness (SSA) is vital for identifying, characterizing, and tracking space objects and their operational environment. SSA data is critical for maintaining space safety and facilitating real-time space traffic coordination. The data is used to help space operators predict and avoid collisions between objects or avoid debris from fragmentation events, meteor storms, or other natural events that might also affect operations.
SSA is foundational to all space safety and real time space traffic coordination activities and is a critical component of SDA, which is the ability of decision makers to understand, as completely as necessary, their current and predicted operational environments.
Delivering NEI capabilities gives BlackSky the ability to leverage underutilized capacity typically associated with satellites passing over the ocean or satellites in eclipse, traveling across the dark side of Earth. This enhances BlackSky’s service offering and supports mission success across the realm of space security.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on X (formerly Twitter).
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
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Investor Contact
Aly Bonilla
VP, Investor Relations
abonilla@blacksky.com
Media Contact
Pauly Cabellon
Sr. Director, External Communications
bksypr@blacksky.com
Source: BlackSky Technology Inc.
