Planet Renews Contract with the Federal Police of Brazil

Rhea-AI Summary

Planet Labs PBC (NYSE:PL) has renewed a 12-month contract with the Federal Police of Brazil for global daily monitoring of threatened rainforests. The seven-figure value contract, formalized through Planet's partner SCCON Geospatial, enables the continuation of the Brasil MAIS Program. This initiative has reportedly led to the collection of nearly $3 billion from fines, seized goods, and frozen assets related to illegal logging and mining, representing a 7,500% return on investment for the Ministry of Justice and Public Safety.

The renewed contract will allow over 100,000 users and 500 public institutions to monitor 8.6 million square kilometers of Brazilian territory and marine coast areas. Planet's daily satellite imagery helps map and monitor the country's landmass and alert users to near real-time changes in forest cover, aiding in the fight against illegal deforestation in the Amazon Rainforest.

Positive

• Renewed 12-month contract with seven-figure value
• Nearly $3 billion collected from fines, seized goods, and frozen assets
• 7,500% return on investment for the Ministry of Justice and Public Safety
• Enables monitoring of 8.6 million square kilometers of Brazilian territory
• Provides near real-time alerts for changes in forest cover

Negative

• None.

Insights

Environmental Policy Analyst

This contract renewal signifies a strong commitment to combating illegal deforestation in Brazil, particularly in the Amazon Rainforest. The seven-figure value and reported $3 billion in fines and seized assets demonstrate the economic impact of satellite monitoring in environmental protection. The 7,500% return on investment is exceptionally high, indicating the program's effectiveness. The scale of monitoring, covering 8.6 million square kilometers and involving over 100,000 users across 500 public institutions, showcases a comprehensive approach to environmental law enforcement. This continued partnership between Planet Labs and the Brazilian government could potentially lead to reduced deforestation rates and improved conservation efforts in one of the world's most critical ecosystems.

Geospatial Technology Expert

Planet Labs' daily satellite imagery technology is proving to be a game-changer in environmental monitoring and law enforcement. The ability to provide near real-time alerts on forest cover changes is important for timely intervention against illegal activities. This contract renewal underscores the growing importance of Earth observation data in policy implementation and resource management. The Brasil MAIS Program's extensive user base indicates widespread adoption of this technology across various government agencies. As satellite imagery resolution and analysis capabilities continue to improve, we can expect even more effective detection and prevention of illegal deforestation. This contract not only benefits Planet Labs financially but also positions them as a key player in global environmental protection efforts.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced a 12-month contract renewal with the Federal Police of Brazil for its global daily monitoring over threatened rainforests. The contract has a seven-figure value and was formalized through Planet’s partner SCCON Geospatial (SCCON).

With the aid of daily satellite imagery, public agents have reported collecting nearly $3 billion from fines, seized goods, and frozen assets related to illegal logging and mining. This represents a 7,500% return on investment for the Ministry of Justice and Public Safety’s strategic initiative. Through the country’s Brasil MAIS Program, the renewed contract will enable more than 100,000 users and more than 500 public institutions to continue monitoring 8.6 million square kilometers of Brazilian territory and marine coast areas.

The Federal Police of Brazil maintains order and protects the country’s property from illegal activity. Illegal deforestation critically threatens the health of the Amazon Rainforest. Its enormous size makes it impossible for authorities to physically see or be everywhere all at once. Planet’s daily satellite imagery not only helps the RedeMAIS partners map and monitor the country’s landmass, but also now helps alert users to near real-time changes in forest cover.

About SCCON

Brazilian company SCCON is a leading solutions provider to the geospatial industry. They are a technology-centric company that provides scalable analytical solutions using Planet’s daily images to monitor change and deliver results that help clients achieve their Sustainable Development Goals. The SCCON platform automates processes, analyses and methodologies to deliver, through an API, dynamic alerts to users in environment, agriculture, forestry, public safety, energy, supply chain monitoring, risk analysis and environmental social governance (ESG).

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 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’.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240930938907/en/

Planet Press

Claire Bentley Dale

comms@planet.com

Planet Investor Relations

Cleo Palmer-Poroner

ir@planet.com

Source: Planet

FAQ

What is the value of Planet Labs PBC's renewed contract with the Federal Police of Brazil?

The renewed contract with the Federal Police of Brazil has a seven-figure value, though the exact amount is not specified in the press release.

How much has been collected in fines and seized assets related to illegal logging and mining in Brazil using Planet Labs PBC's (NYSE:PL) technology?

Public agents have reported collecting nearly $3 billion from fines, seized goods, and frozen assets related to illegal logging and mining using Planet Labs PBC's daily satellite imagery.

What is the return on investment for the Brasil MAIS Program using Planet Labs PBC (NYSE:PL) technology?

The Brasil MAIS Program, utilizing Planet Labs PBC's technology, has reportedly achieved a 7,500% return on investment for the Ministry of Justice and Public Safety's strategic initiative.

How many users and institutions will benefit from Planet Labs PBC's (NYSE:PL) renewed contract with Brazil?

The renewed contract will enable more than 100,000 users and more than 500 public institutions to continue monitoring Brazilian territory and marine coast areas.