STOCK TITAN

Planet and Global Fishing Watch Expand Collaboration for Ocean Transparency and Accountability

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Planet Labs PBC (NYSE: PL) announced a new 6-figure contract expansion with Global Fishing Watch to enhance ocean monitoring capabilities. The agreement provides 3-meter optical imagery coverage of global coastlines through PlanetScope data. Global Fishing Watch will use this data with Machine Learning to map small vessel activity and detect vessels not using Automatic Identification Systems (AIS) or Vessel Monitoring Systems (VMS).

The collaboration aims to improve tracking of previously unmonitored vessels, particularly targeting the millions of small fishing vessels responsible for nearly half of global seafood catch. This enhanced monitoring will support ocean governance efforts and enable better decision-making for maritime surveillance and fisheries management.

Planet Labs PBC (NYSE: PL) ha annunciato un'espansione di un contratto a 6 cifre con Global Fishing Watch per migliorare le capacità di monitoraggio degli oceani. L'accordo prevede una copertura con immagini ottiche a 3 metri delle coste globali attraverso i dati di PlanetScope. Global Fishing Watch utilizzerà questi dati insieme all'Intelligenza Artificiale per mappare l'attività dei piccoli pescherecci e rilevare le imbarcazioni che non utilizzano i Sistemi di Identificazione Automatica (AIS) o i Sistemi di Monitoraggio delle Imbarcazioni (VMS).

La collaborazione mira a migliorare il tracciamento delle imbarcazioni precedentemente non monitorate, mirando in particolare ai milioni di piccoli pescherecci responsabili di quasi la metà della cattura globale di prodotti ittici. Questo monitoraggio migliorato sosterrà gli sforzi di governance degli oceani e permetterà una migliore presa di decisioni per la sorveglianza marittima e la gestione della pesca.

Planet Labs PBC (NYSE: PL) anunció una expansión de contrato de 6 cifras con Global Fishing Watch para mejorar las capacidades de monitoreo oceánico. El acuerdo proporciona cobertura de imágenes ópticas de 3 metros de las costas globales a través de datos de PlanetScope. Global Fishing Watch utilizará estos datos junto con el Aprendizaje Automático para mapear la actividad de los pequeños buques y detectar embarcaciones que no utilizan Sistemas de Identificación Automática (AIS) o Sistemas de Monitoreo de Embarcaciones (VMS).

La colaboración busca mejorar el seguimiento de embarcaciones que anteriormente no se monitoreaban, centrando su atención en los millones de pequeños pesqueros responsables de casi la mitad de la captura de mariscos a nivel mundial. Este monitoreo mejorado apoyará los esfuerzos de gobernanza oceánica y permitirá una mejor toma de decisiones para la vigilancia marítima y la gestión de la pesca.

Planet Labs PBC (NYSE: PL)는 해양 모니터링 능력을 향상시키기 위해 Global Fishing Watch와의 6자리 계약 확장을 발표했습니다. 이 계약은 PlanetScope 데이터를 통해 전 세계 해안선의 3미터 광학 이미지 범위를 제공합니다. Global Fishing Watch는 머신 러닝을 사용하여 소형 선박 활동을 매핑하고 자동식별 시스템(AIS) 또는 선박 모니터링 시스템(VMS)을 사용하지 않는 선박을 탐지합니다.

이번 협력은 이전에 모니터링되지 않았던 선박의 추적을 개선하는 것을 목표로 하며, 전 세계 수산물 잡이의 거의 절반을 차지하는 수백만 개의 소형 어선에 초점을 맞추고 있습니다. 이 향상된 모니터링은 해양 관리 노력을 지원하고 해양 감시 및 어업 관리를 위한 더 나은 의사결정을 가능하게 합니다.

Planet Labs PBC (NYSE: PL) a annoncé une nouvelle extension de contrat à 6 chiffres avec Global Fishing Watch pour améliorer les capacités de surveillance des océans. L'accord fournit une couverture d'images optiques à 3 mètres des côtes mondiales grâce aux données de PlanetScope. Global Fishing Watch utilisera ces données avec l'apprentissage automatique pour cartographier l'activité des petits navires et détecter les navires ne utilisant pas de systèmes d'identification automatique (AIS) ou de systèmes de surveillance des navires (VMS).

La collaboration vise à améliorer le suivi de navires auparavant non surveillés, visant en particulier les millions de petits navires de pêche responsables de près de la moitié de la capture mondiale de fruits de mer. Cette surveillance améliorée soutiendra les efforts de gouvernance des océans et permettra une meilleure prise de décision pour la surveillance maritime et la gestion des pêches.

Planet Labs PBC (NYSE: PL) hat eine neue Vertragsausweitung mit Global Fishing Watch im Wert von 6 Ziffern angekündigt, um die Überwachungsfähigkeiten der Ozeane zu verbessern. Die Vereinbarung bietet 3-Meter-Optikbilder abdeckung der globalen Küstenlinien durch PlanetScope-Daten. Global Fishing Watch wird diese Daten zusammen mit dem maschinellen Lernen nutzen, um die Aktivitäten kleiner Schiffe zu kartieren und Schiffe zu erkennen, die keine automatischen Identifikationssysteme (AIS) oder Schiffsüberwachungssysteme (VMS) verwenden.

Die Zusammenarbeit zielt darauf ab, das Tracking von zuvor nicht überwachten Schiffen zu verbessern, wobei insbesondere die Millionen von kleinen Fischereifahrzeugen im Fokus stehen, die fast die Hälfte des weltweiten Seafood-Fangs ausmachen. Diese verbesserte Überwachung wird die Anstrengungen zur Ozeanregulierung unterstützen und eine bessere Entscheidungsfindung für maritime Überwachung und Fischereimanagement ermöglichen.

Positive
  • Secured new 6-figure contract expansion with Global Fishing Watch
  • Expanding market presence in ocean monitoring and surveillance sector
  • Technology integration enables tracking of millions of previously unmonitored vessels
Negative
  • None.

Insights

This 6-figure contract expansion represents a significant technological advancement in maritime surveillance capabilities. The integration of PlanetScope's 3-meter optical imagery with Global Fishing Watch's ML models creates a powerful tool for detecting non-broadcasting vessels, particularly targeting the important small vessel segment that accounts for nearly half of global seafood catch. The technology stack combining satellite imagery, AIS data and machine learning algorithms will substantially enhance monitoring coverage and accuracy.

The deal's value proposition lies in its ability to address a major gap in current maritime monitoring systems - the tracking of vessels without AIS/VMS systems. This technological solution will help identify potential illegal fishing activities and support better enforcement of maritime regulations. For Planet Labs, this partnership demonstrates strong product-market fit in the environmental monitoring sector and validates their data's commercial value for specialized applications.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new contract with Global Fishing Watch, an international nonprofit dedicated to advancing ocean governance through increased transparency of human activity at sea. The 6-figure deal is an expansion of the organization’s ongoing agreement with Planet, and will allow Global Fishing Watch to fully leverage PlanetScope data and Machine Learning (ML) to improve ocean stewardship and foster greater compliance and accountability across all maritime sectors.

The new contract represents a significant expansion of Global Fishing Watch’s PlanetScope monitoring coverage, providing 3-meter optical imagery spanning most of the world's coastlines. With this heightened capability, Global Fishing Watch aims to map small vessel activity across millions of square kilometers of the ocean as far from the shoreline as possible. This will allow the organization to greatly augment its ability to detect small vessels that are not using Automatic Identification Systems (AIS) or Vessel Monitoring Systems (VMS), enabling more accurate determination of fishing activities and better support for ocean governance efforts around the world.

“Global Fishing Watch’s expanded collaboration with Planet will enable us to dramatically improve our capabilities to map the activities of smaller vessels close to shore, adding several million more previously untracked vessels to our platform,” explained Paul Woods, co-founder and chief innovation officer of Global Fishing Watch. “This brings us much closer to achieving our audacious goal of mapping all human activity at sea—for both the good of the ocean and the people whose livelihoods depend on healthy fisheries and marine ecosystems.”

Global Fishing Watch uses AIS to track many vessels at sea. This GPS-based system is primarily a collision avoidance system, but can also be used to track vessels and determine if they are acting illegally. However, AIS is not required on many vessels, especially the millions of small fishing vessels around the world that are responsible for almost half of the global seafood catch. AIS can also be abused so as to broadcast false information. Because of this, Global Fishing Watch has turned to satellite imagery like PlanetScope to detect non-broadcasting vessels as well as those that are deliberately seeking to avoid detection.

By complementing insights generated by Global Fishing Watch’s tracking data, the imagery provided by Planet will help fuel analyses that enable monitoring, control and surveillance officers, policymakers, and fisheries managers to make better and more informed decisions about activities taking place in their waters. This increased transparency will not only help safeguard those on the front lines of maritime patrolling and enforcement, but will also help generate increased accountability into ocean activity around the world.

“Through the growing capabilities and analysis made possible by EO imagery, Planet and our partners like GFW are proud to bring awareness and action to critical climate issues, including ocean conservation and transparency. We’re excited that this integration is just one of many leading examples of how ML and satellite data can help make meaningful strides in environmental conservation work,” said Planet Chief Impact Officer Andrew Zolli. “Whether it’s monitoring deforestation in the Amazon or illegal fishing in the Atlantic Ocean, Planet is committed to being a leader on the front line of climate solutions.”

The ongoing partnership between Global Fishing Watch and Planet embodies the organizations' commitment to improving the planet through transparency and innovation. The new and cutting-edge integration of PlanetScope data with Global Fishing Watch’s ML model will meaningfully improve Global Fishing Watch’s ability to identify vessels which are not broadcasting AIS signals – helping facilitate monitoring and enforcement efforts and creating a safer, healthier ocean for all.

About Planet

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 1,000 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 X (formerly Twitter) or tune in to HBO's ‘Wild Wild Space’.

About Global Fishing Watch

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

Planet Press

Lauren Neville Cottrell

comms@planet.com

Planet Investor Relations

Cleo Palmer-Poroner

ir@planet.com

Source: Planet

FAQ

What is the value of Planet Labs' (PL) new contract with Global Fishing Watch?

Planet Labs (NYSE: PL) secured a 6-figure contract expansion with Global Fishing Watch.

How will Planet Labs (PL) help monitor illegal fishing activities?

Planet Labs will provide 3-meter optical imagery of coastlines through PlanetScope data, enabling detection of vessels not using AIS or VMS systems and supporting maritime surveillance efforts.

What is the coverage area of Planet Labs' (PL) PlanetScope monitoring for Global Fishing Watch?

The PlanetScope monitoring covers most of the world's coastlines with 3-meter optical imagery capabilities.

Planet Labs PBC

NYSE:PL

PL Rankings

PL Latest News

PL Stock Data

1.20B
267.00M
2.77%
55.22%
2.06%
Aerospace & Defense
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
SAN FRANCISCO