Spire Global Selected by LatConnect60 to Improve Sustainable Agriculture Practices
26 November 2024 - 8:45AM
Business Wire
The Earth Observation Intelligence provider
will leverage Spire’s reflectometry data to provide daily soil
moisture insights to governments, commercial organizations, farmers
and more
Spire Global (NYSE: SPIR) (“Spire” or the “Company”), a global
provider of space-based data, analytics, and space services, was
selected by LatConnect60, a data and analytics company that
generates vital insights from Earth Observation data, to provide
Global Navigation Satellite System Reflectometry (GNSS-R) data and
Soil Moisture Insights.
The World Bank reports that investments in climate-resilient
agriculture can yield returns of three to eight times the costs,
making accurate environmental data essential for today’s farmers.
LatConnect60 will integrate Spire’s Soil Moisture Insights and
GNSS-R data into its web-based platforms, delivering actionable
intelligence for water management, usage efficiency, and crop
stress levels. These insights are crucial for farmers, resource
managers, and policymakers.
“LatConnect 60 looks forward to working closely with Spire to
make this combined capability easily accessible to our end users
across the Southeast Asian and Australian continents,” said Venkat
Pillay, CEO and Founder of LatConnect60. “We envisage tremendous
demand for the insights that will be made available, particularly
in agricultural or forestry areas that are not easily accessible
for manual data collection, while leveraging the ability for the
GNSS-R data to enable daily soil moisture readings even in heavy
cloud cover and dense canopy environments.”
LatConnect60 will combine data from its satellite fleet—which
includes optical imagery and shortwave infrared technology—with
Spire’s GNSS-R data to deliver a detailed view of environmental
conditions and resource needs. Through this, its customers across
Southeast Asia and Australia will have access to dynamic maps and
detailed dashboards, allowing them to monitor specific areas, track
water use, assess crop health, access daily updates and integrate
multispectral satellite data for more informed decision-making.
"Predicting biomass growth and understanding soil moisture
conditions are essential for building climate resilience,” said
Michael Eilts, general manager of Weather and Climate, Spire. “By
combining our GNSS-R technology with LatConnect60’s analytical
platforms, we are setting new benchmarks for accuracy in soil
moisture data and comprehensive environmental monitoring in any
corner of the globe."
Spire’s Soil Moisture Insights leverages its GNSS-R satellite
constellation to deliver high-resolution, daily soil moisture
insights at 500-meter and six-kilometer resolutions, covering any
location worldwide. Designed for diverse sectors this product helps
optimize crop yield, manage environmental risks, and assess ground
stability. Accessible via API, the product integrates seamlessly
into existing systems, providing precise, actionable insights for
applications such as drought and flood forecasting, irrigation
planning, commodity price forecasting, hydrological modeling and
more.
Learn more about Spire’s advanced Soil Moisture Insights.
About Spire Global, Inc.
Spire (NYSE: SPIR) is a global provider of space-based data,
analytics and space services, offering unique datasets and powerful
insights about Earth so that organizations can make decisions with
confidence in a rapidly changing world. Spire builds, owns, and
operates a fully deployed satellite constellation that observes the
Earth in real time using radio frequency technology. The data
acquired by Spire’s satellites provides global weather
intelligence, ship and plane movements, and spoofing and jamming
detection to better predict how their patterns impact economies,
global security, business operations and the environment. Spire
also offers Space as a Service solutions that empower customers to
leverage its established infrastructure to put their business in
space. Spire has nine offices across the U.S., Canada, UK,
Luxembourg, Germany and Singapore. To learn more, visit
spire.com.
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For media: Sarah Freeman Senior Communications Manager
Comms@Spire.com
For investors: Benjamin Hackman Head of Investor Relations
Benjamin.Hackman@Spire.com
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