Paving the Way for Low Latency, High Capacity
Data Transmission
Skyloom Global Corp., a leader in space-based
telecommunications, announced today that it has signed an agreement
with Satellogic Inc. (NASDAQ: SATL), a leader in submeter Earth
Observation (“EO”) data and satellite technology. The agreement
details plans to integrate Skyloom’s Optical Communications
Terminal (“OCT”) onto Satellogic satellites.
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the full release here:
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The Skyloom optical communications
terminal that was delivered to the US Department of Defense’s Space
Development Agency (SDA) (Photo: Business Wire)
Utilizing Skyloom’s OCT, Satellogic will test new methods of
high-resolution EO data delivery through both SkyCompass-1, the
geostationary-based (GEO) lasercom network infrastructure Skyloom
developed with its partner, Space Compass, and direct downlink to a
gateway within view of the low altitude image area, significantly
decreasing latency. As a first step in its commissioning, the
Satellogic spacecraft will conduct a low earth orbit
(LEO)-to-ground link by handshaking with Skyloom’s optical ground
station in Broomfield, Colorado (“BOGS"). The Satellogic-Skyloom
agreement follows a feasibility study on the ability of
Satellogic’s Mark-V platform to establish lasercom links.
Together with Space Compass, Skyloom recently conducted the
Critical Design Review for the SkyCompass-1 optical communications
network infrastructure, including space, ground, user, and network
segments, which will begin providing network services in 2025.
Satellogic designs, manufactures, and operates its own
constellation of submeter EO satellites. With more than a decade of
experience in space, Satellogic has proven technology and a strong
track record of delivering satellites to orbit and high-resolution
data to customers at the right price point. It has successfully
completed 15 missions to date and aims to reach 200+ satellites in
orbit for daily global remaps. Satellogic’s preferred rideshare
launch partner is SpaceX.
About Skyloom
Skyloom is an Broomfield, CO-based telecommunications innovator
founded with the mission to develop, deploy, and operate one of the
fundamental pieces of tomorrow's space-based telecommunication
infrastructure for the provision of data transport services on a
planetary scale. They leverage deep heritage in space optical
communications to enable real time data transfer so that customers
and decision makers can leverage perishable information.
www.skyloom.co
About Satellogic
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte,
Satellogic (NASDAQ: SATL) is the first vertically integrated
geospatial company, driving real outcomes with planetary-scale
insights. Satellogic is creating and continuously enhancing the
first scalable, fully automated Earth Observation platform with the
ability to remap the entire planet at both high-frequency and
high-resolution, providing accessible and affordable solutions for
customers.
Satellogic’s mission is to democratize access to geospatial data
through its information platform of high-resolution images to help
solve the world’s most pressing problems including climate change,
energy supply, and food security. Using its patented Earth imaging
technology, Satellogic unlocks the power of EO to deliver
high-quality, planetary insights at the lowest cost in the
industry.
With more than a decade of experience in space, Satellogic has
proven technology and a strong track record of delivering
satellites to orbit and high-resolution data to customers at the
right price point.
To learn more, please visit: http://www.satellogic.com
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws. The words
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”,
“intends”, “may”, “might”, “plan”, “possible”, “potential”,
“predict”, “project”, “should”, “would” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements are based on Satellogic’s current
expectations and beliefs concerning future developments and their
potential effects on Satellogic and include statements concerning
Satellogic’s strategies, Satellogic’s future opportunities, and the
commercial and governmental applications for Satellogic’s
technology. 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. These statements are based on various
assumptions, whether or not identified in this press release. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve, and must not be relied on by an
investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Satellogic. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: (i)
Satellogic’s ability to scale its constellation of satellites and
to do so on Satellogic’s projected timeframe and in accordance with
projected costs, (ii) Satellogic’s ability to continue to meet
image quality expectations, to continue to enhance the capability
of its network of satellites and to continue to offer superior unit
economics, (iii) Satellogic’s ability to become or remain an
industry leader, (iv) the number of commercial applications for
Satellogic’s products and services, (v) Satellogic’s ability to
address all commercial applications for satellite imagery, changes
in the competitive and highly regulated industries in which
Satellogic operates, variations in operating performance across
competitors and changes in laws and regulations affecting
Satellogic’s business, (vi) the ability to implement business
plans, forecasts and other expectations, and to identify and
realize additional opportunities, (vii) the risk of downturns in
the commercial launch services, satellite and spacecraft industry,
(viii) the risk that the market for Satellogic’s products and
services does not develop as anticipated, (ix) the risk that
Satellogic and its current and future collaborators are unable to
successfully develop and commercialize Satellogic’s products or
services, or experience significant delays in doing so, (x) the
risk that third-party suppliers and manufacturers are not able to
fully and timely meet their obligations, (xi) the risk of product
liability or regulatory lawsuits or proceedings relating to
Satellogic’s products and services, and (xii) the risk that
Satellogic is unable to secure or protect its intellectual
property. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of
Satellogic’s Annual Report on Form 20-F and other documents filed
or to be filed by Satellogic from time to time with the Securities
and Exchange Commission. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Satellogic
assumes no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Satellogic can give no assurance that
it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20230915295300/en/
Investor Relations:
MZ Group Chris Tyson/Larry Holub (949) 491-8235
SATL@mzgroup.us
Media Relations:
Satellogic pr@satellogic.com
Skyloom press@skyloom.co
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