BlackSky Wins $7 Million Dynamic Space-Based Imagery and Analytics Services Contract Renewal with Legacy International Government Customer
31 May 2024 - 10:00PM
Business Wire
Contract enables unparalleled access to
automated high-frequency, low-latency imagery and analytics
BlackSky Technology Inc. (NYSE: BKSY) won a $7 million contract
renewal to provide dynamic space-based imagery and analytics
monitoring services to a legacy international government
customer.
“With disruptive speed and economics BlackSky is delivering
unparalleled value to multiple international ministries of defense
with automated real-time high-frequency, low-latency imagery and
analytics products,” said Brian E. O’Toole, BlackSky CEO. “Our
software-first approach enables immediate and scalable access to
commercially available AI-assisted tasking-to-delivery systems that
ensure mission-critical intelligence arrives in-hand to operators
and analysts in a matter of minutes.”
The customer will have the ability to draw from multiple
intelligence sources through the BlackSky Spectra® tasking and
analytics platform with direct access to BlackSky’s proprietary
high-resolution, electro-optical constellation and access to
partner constellations for all-weather, day and night, and very
high-resolution imagery.
“BlackSky Spectra is an industry-leading, data-agnostic SaaS
platform that can fuse data from multiple sources and is
well-suited to solve the diverse set of critical national security
challenges our customers face every day,” add O’Toole. “In addition
to having a highly intuitive user interface, Spectra fits
seamlessly into customer workflows and provides immediate
operational mission value at scale.”
About BlackSky
BlackSky is a real-time, space-based intelligence company that
delivers on-demand, high frequency imagery, analytics, and
high-frequency monitoring of the most critical and strategic
locations, economic assets, and events in the world. BlackSky owns
and operates one of the industry’s most advanced, purpose-built
commercial, real-time intelligence system that combines the power
of the BlackSky Spectra® tasking and analytics software platform
and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate
changes for a decisive strategic advantage at the tactical edge,
and act not just fast, but first. BlackSky is trusted by some of
the most demanding 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 (Twitter).
Forward-Looking Statements
This press release contains certain 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, including but not
limited to: (i) the ability to implement business plans, forecasts,
and other expectations, (ii) achieve anticipated revisit rates and
maintain current launch schedules, and (iii) our ability to predict
and respond to customer trends. The foregoing list of factors is
not exhaustive and is based on information available as of the date
of this communication, and current expectations, forecasts and
assumptions, and involve a number of judgments, risks and
uncertainties. 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. There
may be additional risks that we do not presently know, or that we
currently believe are immaterial, that could also cause actual
results to differ from those contained in the 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
reports filed with the SEC, including within the section titled
“Risk Factors” on BlackSky’s registration statement on Form S-1,
and available at the SEC’s website at http://www.sec.gov.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240531395766/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com Media Contact Pauly Cabellon Sr.
Director, External Communications pcabellon@blacksky.com
BlackSky Technology (NYSE:BKSY)
Historical Stock Chart
From May 2024 to Jun 2024
BlackSky Technology (NYSE:BKSY)
Historical Stock Chart
From Jun 2023 to Jun 2024