First Derivatives PLC Collaboration Agreement with Airbus
14 March 2017 - 6:01PM
RNS Non-Regulatory
TIDMFDP
First Derivatives PLC
14 March 2017
14 March 2017
First Derivatives plc
("FD" or the "Group")
Collaboration Agreement with Airbus Defence and Space
FD (AIM: FDP.L, ESM: FDP.I) announces that it has signed an
agreement with Airbus Defence and Space to develop an innovative
approach for large scale processing of geospatial data using its Kx
analytics platform. A wide number of additional applications have
been identified and the objective is to commercially exploit these
by combining Kx technology and data from Airbus Defence and Space
assets.
Under the agreement, Airbus will contribute historic and future
satellite imagery which Kx technology will process, interpret and
manage. Technical, commercial, sales and marketing resources will
be provided by both parties to assist in the commercialisation of
the opportunities.
Data manipulation and information provision, stemming from
increased volumes of Earth Observation data, provides significant
commercial potential, with Kx and Airbus Defence and Space
well-placed to lead this emerging market. Kx technology will be
deployed in the time-critical processing and analysis of these
increasing data volumes to make it easier, cheaper and faster for
customers to access information. According to Transparency Market
Research, the commercial satellite imaging market is expected to
grow from $2.5 billion in 2014 to $6.5 billion in 2023.
It is anticipated that Kx and Airbus Defence and Space will
collaborate with large corporates, research bodies and start-ups to
help exploit this ground breaking technology in markets such as
energy, rail/civil engineering, natural resources, maritime
surveillance, agriculture, finance and facilities management.
Dr Anthony Denniss, Head of Solutions & Imagery Portfolio at
Airbus Defence and Space, commented: "There are many valuable
applications of satellite imagery across a range of industries,
many of which are time sensitive and require powerful analytic
processing. By combining our data and Kx technology we expect to be
able to provide new and existing customers with unique and valuable
insights."
Brian Conlon, Chief Executive Officer of FD, commented: "Yet
again Kx has proven its market-leading capabilities in regard to
its ability to process very large datasets efficiently. We are
excited about partnering with Airbus Defence and Space and the
potential for innovative, scientific breakthroughs in multiple
markets that can potentially arise from this initiative."
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Brian Conlon, Chief Executive www.firstderivatives.com
Officer
Graham Ferguson, Chief Financial
Officer
Ian Mitchell, Head of Investor
Relations
Investec Bank plc (Nominated
Adviser and Broker)
Dominic Emery
Carlton Nelson
Sebastian Lawrence +44 (0)20 7597 4000
Goodbody (ESM Adviser and
Broker)
Linda Hickey
Finbarr Griffin +353 1 667 0420
FTI Consulting
Matt Dixon
Dwight Burden
Darius Alexander
Niamh Fogarty +44 (0)20 3727 1000
About FD
FD is a global technology provider with 20 years of experience.
The Group's Kx technology is used by some of the world's largest
finance, technology and energy institutions. FD employs over 1,700
people worldwide and has operations in London, New York, Stockholm,
Singapore, Hong Kong, Tokyo, Sydney, Palo Alto, Toronto,
Philadelphia, Dublin, Belfast and its headquarters in Newry.
For further information, please visit
www.firstderivatives.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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