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BlackSky Awarded $1.7M NASA Contract to Advance Earth Science Research
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Rhea-AI Summary
BlackSky Technology Inc. (NYSE: BKSY) has received a $1.7 million call order from NASA for its imaging data services under the Commercial Smallsat Data Acquisition (CSDA) Program. This order will assess the accessibility and quality of BlackSky's dynamic data sets, supporting NASA's Earth System Science initiatives. The agreement extends over five years and enhances BlackSky's role in providing high-frequency, real-time geospatial intelligence, leveraging the Spectra AI platform for advanced data analytics.
Positive
Received a $1.7 million order from NASA to evaluate imaging data services.
Strengthens partnership with NASA under a five-year CSDA Program.
Enhances BlackSky's reputation as a provider of real-time geospatial intelligence.
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BlackSky’s Dynamic Monitoring to provide data for innovative research on global change
HERNDON, Va.--(BUSINESS WIRE)--
BlackSky Technology Inc. (NYSE: BKSY) received its first call order, worth $1.7 million, from NASA to evaluate accessibility, accuracy, quality and utility of the Company’s imaging data services for the Commercial Smallsat Data Acquisition (CSDA) Program.
“New discoveries in Earth science can be accelerated with innovative research methods and real-time dynamic data sets that keep up with the increasingly rapid pace and scale of change on our planet,” said Dr. Patrick O’Neil, BlackSky chief innovation officer.
“NASA-funded investigators will have efficient on-demand access to BlackSky’s dawn-to-dusk imagery data with sophisticated search and collection flexibility through our Spectra AI tasking and analytics platform. We are honored to serve NASA and its earth science mission,” O’Neil added.
This call order was issued under a five-year Commercial Smallsat Data Acquisition Program, sole-source blanket purchase agreement announced in November 2021 to provide high-revisit satellite imaging data in support of NASA’s existing Earth System Science and applications development for the benefit of society.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky's Spectra AI software platform processes data from BlackSky's constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
