Planet Upgrades Crop Biomass Planetary Variable to Include Daily PlanetScope Data

Rhea-AI Summary

Planet Labs PBC (PL) announces strategic partnership with SpaceX to launch satellites, enhancing data collection capabilities.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced improvements to its Crop Biomass Planetary Variable, including the integration of its daily, global PlanetScope data. Crop Biomass is a cloud-free, analysis-ready data product for monitoring agricultural fields that combines radar and optical signals to help agronomists and farmers better understand the status of their operations.

Crop biomass in agricultural fields is highly dynamic and changes throughout the growing season as plants grow, encounter stressors, and approach harvest. Timely and frequent access to crop biomass data is essential for understanding these dynamics and making informed decisions regarding crop management, scouting, and intervention.

Crop Biomass is delivered daily, giving users complete and reliable data that results in a full time series. Access to this detailed and timely information can help farmers and agronomists better detect and respond to stressors such as pests, diseases, or nutrient deficiencies, optimize their fertilizer inputs, improve harvest planning and efficiency, and much more.

“Our Crop Biomass dataset has become an important tool for farmers looking to streamline their operations as it provides detailed, reliable, and timely crop health data to help with decision making,” said Ariel Zajdband, Planet’s Product Manager for Agriculture.

Planet customer Disagro shared, “Crop Biomass is a highly valuable and complementary service for us and our clients whose areas of focus are often affected by high cloud cover. Strategic partners like Planet provide us with the technical support needed to increase the usability of satellite imagery and bring digital agriculture practices to our regions under management.”

Crop Biomass is delivered through Planet’s subscription API, with the option for users to import the data directly into Sentinel Hub’s EO Browser, which was acquired by Planet in 2023. To learn how to get started with Crop Biomass, visit our webpage, and catch the Planet Team at World Agri-Tech on March 19-20, 2024 in San Francisco.

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 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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240313954189/en/

Planet Press

Sarah Bates

press@planet.com

Planet Investor Relations

Chris Genualdi, Cleo Palmer-Poroner

ir@planet.com

Source: Planet

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What is the latest partnership announced by Planet Labs PBC (PL)?

Planet Labs PBC (PL) has announced a strategic partnership with SpaceX to launch satellites.

Who is the leading provider of daily data and insights in the press release?

Planet Labs PBC (PL) is the leading provider of daily data and insights mentioned in the press release.

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The ticker symbol for Planet Labs PBC is PL.

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Planet Labs PBC operates in the data and insights industry.