BlackSky Secures More Than $30 Million Contract for High-Frequency Imagery Services with International Defense Sector Customer
12 June 2023 - 10:30PM
Business Wire
Multi-year renewed commitment expands assured
subscription-based access to high-frequency, dawn-to-dusk imagery
and AI-driven analytics
BlackSky Technology Inc. (NYSE: BKSY) was awarded a multi-year,
more than $30 million contract to provide on-demand, real-time
high-frequency imagery services to an international defense sector
customer.
“BlackSky is an instrumental part of this customer’s day to day
operations, improving situational awareness through high-frequency,
dawn-to-dusk imagery and AI-driven analytics,” said Brian E.
O’Toole, BlackSky CEO. “Built upon years of a well-developed
partnership, this contract triples this customer’s demand over the
next two years.”
“By securing priority, assured capacity, this contract also
demonstrates how customers are ensuring guaranteed access where and
when needed for their most important operational needs,” O’Toole
continued.
BlackSky delivers thousands of high-resolution images and
analytics every month to organizations worldwide, delivering
transparency and insights into border crossings, nuclear and port
facilities, and other economically critical infrastructure at
scale.
“BlackSky is a trusted mission partner to the most demanding
customers in the world and this contract reflects the confidence in
our high-value imagery and analytics for operational use, and the
growing demand for our capabilities that contribute to the bottom
line,” said O’Toole.
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 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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version on businesswire.com: https://www.businesswire.com/news/home/20230612813962/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External Communications
pcabellon@blacksky.com
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