Streamlining Connections: The Global Data
Marketplace, a Modern E-Commerce Platform, Enhances Satellogic’s
Access to Federal Agencies and Allied Partners
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution
Earth Observation (“EO”) data collection, today announced that it
has been onboarded as a commercial vendor in the Global Data
Marketplace (“GDMP”), a real-time e-commerce platform delivering
commercially sourced data and data fusion analytics to meet the not
classified space awareness needs for the US and international
agencies, including US Space Force.
The Global Data Marketplace connects vendors and consumers of
commercial space data on a single platform. This modern approach
allows immediate interaction, immediate payment, and anonymous data
acquisition for approved commercial, government, academic, and
allied sector participants. Satellogic is now able to leverage a
streamlined, online process to work with federal agencies and
contractors.
Through the e-commerce GDMP, Satellogic will be able to 1)
market and sell our product to consumers, 2) create order proposals
to bid on consumer placed orders, and 3) service accepted
orders.
The US Government continues to advance the commercial space
sector, and earlier this year, the U.S. Department of Defense
released an updated classification policy – advancing the National
Defense Strategy by expanding access to information within the U.S.
government and reducing barriers to space integration with allies,
partners, and commercial space actors.
The Global Data Marketplace is another example of the US
Government’s efforts to disrupt traditional procurement
methodologies and lowering barriers for commercial providers,
including those with international heritage. The acceptance from
the GDMP is a major step towards Satellogic’s goal of becoming a
mission critical partner for US and international agencies and
presents a welcome opportunity to showcase the company’s
capabilities.
“We are excited that the US Government is taking an innovative
and disruptive approach to procurement and leveraging a broader set
of commercial capabilities,” said Matt Tirman, President,
Satellogic. “Satellogic’s portfolio of cost-effective, low-latency,
and high-resolution electro-optical imaging is a great benefit to
this platform since it gives government users the ability to easily
and affordably purchase directly from Satellogic.”
Satellogic operates the largest commercial fleet of
submeter-resolution EO satellites in the world and provides EO data
to governments and corporations for better decision-making. Its
mission is to advance cost-efficiencies as well as rapidly iterate
its proprietary technology to expand affordable access to critical
information about the planet and life on Earth.
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 EO 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: https://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, including its plans to redomicile in the
U.S., Satellogic’s future opportunities and financial performance,
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)
our ability to generate revenue as expected, (ii) our ability to
effectively market and sell our EO services and to convert
contracted revenues and our pipeline of potential contracts into
actual revenues, (iii), (iii) the potential loss of one or more of
our largest customers, (iv) the considerable time and expense
related to our sales efforts and the length and unpredictability of
our sales cycle, (v) risks and uncertainties associated with
defense-related contracts, (vi) our ability to scale production of
our satellites as planned, (vii) unforeseen risks, challenges and
uncertainties related to our expansion into new business lines,
(viii) our dependence on third parties to transport and launch our
satellites into space, (ix) our reliance on third party vendors and
manufacturers to build and provide certain satellite components,
products, or services, (x) market acceptance of our EO services and
our dependence upon our ability to keep pace with the latest
technological advances, (xi) competition for EO services, (xii)
unknown defects or errors in our products, (xiii) risk related to
the capital-intensive nature of our business and our ability to
raise adequate capital to finance our business strategies, (xiv)
uncertainties beyond our control related to the production, launch,
commissioning, and/or operation of our satellites and related
ground systems, software and analytic technologies, (xv) the
failure of the market for EO services to achieve the growth
potential we expect, (xvi) risks related to our satellites and
related equipment becoming impaired, (xvii) risks related to the
failure of our satellites to operate as intended, (xviii)
production and launch delays, launch failures, and damage or
destruction to our satellites during launch and (xix) the impact of
natural disasters, unusual or prolonged unfavorable weather
conditions, epidemic outbreaks, terrorist acts and geopolitical
events (including the ongoing conflicts between Russia and Ukraine,
in the Gaza Strip and the Red Sea region) on our business and
satellite launch schedules. 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/20240506933141/en/
Investor Relations: MZ Group Chris Tyson/Larry Holub
(949) 491-8235 SATL@mzgroup.us Media Relations: Satellogic
pr@satellogic.com
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