BlackSky Wins Approximately $6 Million Contract Expansion with Legacy International Defense Sector Customer for Assured, High-Frequency Satellite Imagery Services
01 October 2024 - 10:30PM
Business Wire
Commitment increases annual subscription to
nearly $18 million, extending access to reliable high-cadence Gen-2
services as BlackSky prepares to introduce advanced Gen-3
capabilities
BlackSky Technology Inc. (NYSE: BKSY) won an approximately $6
million contract expansion from an international defense sector
customer, bringing the total annual commitment to nearly $18
million, for subscription-based Assured access to Gen-2,
high-cadence, low-latency imagery services.
“BlackSky is setting new standards for space-based intelligence
operations as a trusted mission partner to the most demanding
defense and intelligence customers in the world,” said Brian
O’Toole, BlackSky CEO.
“We have established a new era of real-time monitoring where our
current Gen-2 rapid-revisit capabilities add a level of reliable
persistence and transparency over critical areas of interest. This
contract renewal is a testament that our unique rapid-revisit
capabilities are meeting market demand,” said O’Toole.
BlackSky’s Assured access customers worldwide task and receive
thousands of high-resolution images and analytics over priority
areas of interest every month, gaining visibility and insight into
border crossings, nuclear and port facilities, and other critical
national security and economic infrastructure at massive scale.
"We continue to see international customers lead the way by
activating immediate space-based intelligence capabilities through
BlackSky’s software-first adoption model,” said O’Toole.
“When BlackSky brings advanced Gen-3 capabilities to market, we
will close the traditional gap between spatial and temporal
resolution,” O’Toole said. “We expect that many of our current
international Assured customers will be among the first to
seamlessly incorporate very high-resolution 35 cm imagery and
sub-hourly revisit and delivery timelines into their workflows as
those capabilities become available.”
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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version on businesswire.com: https://www.businesswire.com/news/home/20241001887534/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Sr. Director, External
Communications bksypr@blacksky.com
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