BlackSky Wins Multiple, Multi-Year Contracts with a Combined Value of Eight Figures to Accelerate the Development of India’s Commercial Earth Observation Capabilities
14 February 2025 - 12:30AM
Business Wire
Subscription-based Assured access to
low-latency, high-cadence imagery and AI-enabled analytics among
the services that will support various Indian customers
BlackSky Technology Inc. (NYSE: BKSY) won multi-year contracts
that include Assured access to subscription-based low-latency,
high-cadence imagery and AI-enabled analytics services. The deals
also include the delivery of one high-resolution Earth observation
satellite and launch support operations and on-orbit maintenance
services. These contracts have a combined eight-figure value.
“Contributing to the development of India’s commercial Earth
observation capabilities is an immense honor, and we look forward
to supporting our customer’s upcoming launch and on-orbit
operations. BlackSky’s combined offering will provide India
immediate foresight into critical events impacting the nation as it
continues to expand its sovereign space capabilities over the next
few years,” said Brian O’Toole, BlackSky CEO.
“The customer has taken an innovative two-part adoption approach
toward accelerating its space-based monitoring capabilities by
first taking advantage of our commercially operated model for
on-orbit sensor systems, while simultaneously activating a Spectra®
subscription, which provides immediate access to BlackSky’s
high-resolution, low-latency imagery and AI-enabled analytics
services,” said Brian O’Toole, BlackSky CEO.
With subscription-based Assured access to BlackSky’s current
high-cadence, real-time imagery and analytics services, the
customer has guaranteed access and first-priority tasking capacity
over their national and regional areas of interest. Once
operational, the high-resolution, electro-optical satellite will
work in parallel to BlackSky’s dynamic monitoring constellation to
deliver mission-relevant insights at industry-leading speeds.
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 systems 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.
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/20250213931429/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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