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Planet Adds Planetary Variables Products to Sentinel Hub to Enable Greater Usability of its Earth Observation Data

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Planet Labs PBC (NYSE: PL) announces partnership with NASA for satellite data collaboration
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  • Planet Labs PBC (NYSE: PL) has formed a strategic partnership with NASA to collaborate on satellite data, leveraging their expertise and resources for mutual benefits.
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SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that its Planetary Variables are now supported data layers in Sentinel Hub, allowing users to more easily perform analysis and generate insights. In August 2023, Planet acquired the business of Sinergise, including Sentinel Hub, marking a significant step forward in its mission to make Earth observation (EO) data more accessible and impactful.

Planetary Variables are pre-processed data feeds that measure important conditions on the surface of the Earth including: Soil Water Content, Land Surface Temperature, Crop Biomass, and Forest Structure. These four data feeds can now be delivered directly to the Sentinel Hub cloud to be integrated with all Sentinel Hub APIs, enabling users to seamlessly extract time series, perform multi-temporal processing, and stream imagery into applications. Sentinel Hub allows for users to scale their workflows on Planet’s cloud, allowing them to spend less time building and managing imagery infrastructure and more time building products and solutions that solve complex problems.

“The combination of Planetary Variables and Sentinel Hub will form the foundation of our Earth Data Platform, which we expect will empower a community of partners to build a wave of impactful Earth observation data applications,” said Kevin Weil, President of Product and Business at Planet. “I’m excited to see what our customers and partners can achieve with these combined data products, tooling, and platform capabilities that help them build innovative, data-driven solutions. Planetary Variables and Sentinel Hub together give partners superpowers to solve some of our planet's most pressing challenges across security and sustainability."

Sentinel Hub’s multi-temporal statistical analysis tools allow for users to efficiently extract insights from deep time stacks of data using cloud processing. With Planetary Variables added as a supported data layer in Sentinel Hub, users can now use these data feeds to: compare current and historical Soil Water Content to monitor drought and manage water resources more efficiently, leverage Crop Biomass to maximize agricultural output and detect discrete events like crop harvesting, and evaluate changes in Land Surface Temperatures to measure the effects of heat stress on crops or urban neighborhoods.

Planet’s integrated set of solutions aim to serve its partners and vertical clients to accelerate getting value out of its Earth observation data. To get started, visit Planet’s website.

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 950 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 ability to capture market opportunity and realize any of the potential benefits from current or future product enhancements, new products, technology integrations or strategic partnerships and customer collaborations. 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.

Planet Press

Sarah Bates

press@planet.com



Planet Investor Relations

Chris Genualdi

ir@planet.com

Source: Planet

FAQ

What is the latest announcement from Planet Labs PBC (NYSE: PL)?

Planet Labs PBC (NYSE: PL) has announced a partnership with NASA for satellite data collaboration.

How will the partnership with NASA impact Planet Labs PBC (NYSE: PL) stock?

The partnership with NASA is expected to enhance Planet Labs PBC (NYSE: PL)'s capabilities, potentially leading to positive stock performance.

What is the ticker symbol for Planet Labs PBC?

The ticker symbol for Planet Labs PBC is PL.

What are the positive aspects of the partnership between Planet Labs PBC (NYSE: PL) and NASA?

The partnership is expected to bring mutual benefits, leveraging NASA's expertise and resources for satellite data collaboration.

How does the partnership with NASA align with Planet Labs PBC (NYSE: PL)'s business development strategy?

The partnership with NASA aligns with Planet Labs PBC (NYSE: PL)'s strategy to enhance their data and insights capabilities through collaboration with industry leaders like NASA.

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