Planet Wins Contract with Ministry of Foreign Affairs in Asia
17 Agosto 2023 - 3:00PM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced it has won a new contract
with a Ministry of Foreign Affairs in Asia for its global daily
monitoring solution. The contract has a seven-figure annual
contract value (“ACV”). The Ministry of Foreign Affairs is a new
customer for Planet and the contract was won through one of
Planet’s partners in the region.
“We are seeing strong momentum in the Asia-Pacific region from
government customers focused on civil and security applications,”
said Will Marshall, Planet’s co-founder and Chief Executive
Officer. “Our global daily monitoring solution is unique in its
ability to provide wide-area coverage, supporting customers with
daily monitoring of entire countries at a scale that hasn’t been
possible before.”
As the global landscape continues to evolve and increase in
complexity, access to timely, consistent, and accurate information
is critical to establishing a baseline of unbiased truth. Planet’s
nonexclusive and open data helps equip governments with
differentiated and innovative capabilities.
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 900 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on Twitter.
Forward-Looking Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, the Company’s expectations or beliefs
concerning future events, including the Company’s anticipated
revenues, earnings, cash flows or other aspects of the Company’s
operations or operating results; the success and benefits of
customer agreements or partnerships; how the Company will execute
on its partnerships and contracts and how the Company’s partners
and customers will utilize the Company’s data; the Company’s
ability to perform under current and future contracts and the final
profitability of such contracts as well as prospective or existing
customer behaviors; the Company’s ability to realize the total
revenue expected for prospective or existing contracts; the timing
of revenue recognition for customer and partner deals that can vary
depending on contractual terms and may be subject to termination by
Planet or the customer prior to the contract’s maturity.
Forward-looking statements are based on the Company’s management’s
beliefs, as well as assumptions made by, and information currently
available to them. Because such statements are based on
expectations as to future events and results and are not statements
of fact, actual results may differ materially from those projected.
Factors which may cause actual results to differ materially from
current expectations include, but are not limited to the risk
factors and other disclosures about the Company and its business
included in the Company's periodic reports, proxy statements, and
other disclosure materials filed from time to time with the
Securities and Exchange Commission (SEC) which are available online
at www.sec.gov, and on the Company's website at www.planet.com. All
forward-looking statements reflect the Company’s beliefs and
assumptions only as of the date such statements are made. The
Company undertakes no obligation to update forward-looking
statements to reflect future events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20230817977838/en/
Press Contacts Trevor Hammond Planet Labs PBC
comms@planet.com
Investor Contacts Chris Genualdi / Cleo Palmer-Poroner
Planet Labs PBC ir@planet.com
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