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Euroconsult 2022: BlackSky Receives Pioneer in Space Business Award
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BlackSky Technology (NYSE: BKSY) has been awarded the Pioneer in Space Business Award at the World Satellite Business Week Summit in Paris. This recognition by Euroconsult highlights BlackSky's innovative contributions to the earth imaging industry, particularly in dynamic monitoring and geospatial intelligence. In the past year, the company has doubled its satellite capacity and secured its largest contract, valued at over $1 billion for the next decade, reinforcing its position as a leader in real-time global intelligence.
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Awarded the Pioneer in Space Business Award, showcasing innovation.
Doubled satellite capacity, enabling hourly global monitoring.
Secured a $1 billion contract over ten years, marking significant business growth.
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Company recognized for innovative, industry-changing end-to-end dynamic monitoring capabilities
HERNDON, Va.--(BUSINESS WIRE)--
BlackSky Technology Inc. (NYSE: BKSY) received the Pioneer in Space Business Award during the World Satellite Business Week Summit in Paris.
Euroconsult, a leading global space and satellite consulting and market intelligence firm, honors the most forward-thinking businesses and innovators shaping the future of the global space sector through its annual "Outstanding Achievement Awards".
"BlackSky has pioneered a new chapter of innovation as the earth imaging industry moves from traditional mapping to dynamic monitoring and real-time geospatial intelligence. This award recognizes their positive contributions toward those efforts as well as their continued business growth as demonstrated by numerous government contract awards validating the dynamic monitoring model,” said Pacôme Révillon, Euroconsult CEO.
"The entire BlackSky team is honored to receive the 2022 Pioneer in Space Business Award from Euroconsult," said BlackSky CEO Brian E. O’Toole. "We have built BlackSky with the aspiration of being the world’s leader in real-time global intelligence and the last year has been an incredible year of growth and innovation for our business and the customers and partners we serve.”
“In the last twelve months, we’ve doubled the capacity of our constellation including three back-to-back launches in less than 30 days that enabled hourly monitoring of most locations around the globe,” O’Toole added. “We also won the largest contract in the company’s history, worth over $1 billion dollars over the next 10 years. BlackSky has never been more focused than now on continuing to be pioneers and providing our customers and partners on-demand, real-time dynamic monitoring of the most important and strategic economic assets in the world.”
The Pioneer in Space Business Award is a performance-based honor. Shortlisted candidates were assessed by a panel of industry experts based on rigorous qualitative (innovation, strategic decisions, impact) and quantitative (financial and commercial indicators) criteria.
Please click here for more information about the World Satellite Business Week Summit Awards program.
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.
What is the Pioneer in Space Business Award received by BlackSky (BKSY)?
The Pioneer in Space Business Award is an honor from Euroconsult recognizing innovative contributions to the space sector, awarded to BlackSky for its advancements in dynamic monitoring and geospatial intelligence.
How has BlackSky (BKSY) improved its satellite capacity?
BlackSky has doubled the capacity of its satellite constellation, enabling hourly monitoring of most global locations.
What is the largest contract won by BlackSky (BKSY)?
BlackSky secured its largest contract valued at over $1 billion, to be fulfilled over the next ten years.
Where was the award ceremony for BlackSky (BKSY) held?
The award ceremony took place during the World Satellite Business Week Summit in Paris.
What recognition did BlackSky (BKSY) receive from Euroconsult?
BlackSky was recognized for its innovative contributions and growth in the earth imaging industry, receiving the Pioneer in Space Business Award.
