Satellogic and Astraea Enable Direct Collection Access for Emergency Response in Ukraine

Rhea-AI Summary

Satellogic Inc. (NASDAQ:SATL) has announced a collaboration with Astraea to provide critical Earth Observation data to the Ukrainian government and humanitarian organizations. This partnership aims to enhance ground operations amid the ongoing conflict in Ukraine, offering high-resolution satellite imagery for military monitoring and resource distribution. The Daily Collection Access service will deliver real-time data, helping to protect civilians and facilitate effective humanitarian efforts.

Positive

• Collaboration with Astraea enhances access to critical EO data for humanitarian efforts.
• Daily Collection Access service provides high-resolution imagery for monitoring and resource management.
• Supports government and humanitarian organizations in ongoing conflict, potentially positioning SATL favorably in the market.

Negative

• Dependence on geopolitical stability; ongoing conflict in Ukraine may disrupt operations.
• Potential risks associated with delivering military-related data amidst a volatile environment.

This collaboration streamlines access to critical Earth Observation data for ground operations and humanitarian missions in Ukraine

NEW YORK--(BUSINESS WIRE)-- Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution satellite imagery collection, announced a collaboration with Astraea, a geospatial and AI analysis software company, to distribute critical Earth Observation (“EO”) data directly to the Ukrainian government, allied governments, and humanitarian organizations on the ground.

Satellogic is providing its Daily Collection Access service to the Ukrainian government and allied nations. This service delivers a direct stream of high-resolution satellite imagery collections over Ukraine’s sovereign territory as well as neighboring areas of interest. Russia’s invasion of Ukraine has spread across the country, targeting multiple cities and critical infrastructure. High-resolution satellite imagery offers detailed visibility at scale to monitor military movement, assess post-event damage, plan civilian evacuation routes, and evaluate effective distribution of resources.

“Satellogic is working directly with the government of Ukraine and allied nations to protect the innocent lives of Ukrainian citizens and residents. This collaboration will enable us to distribute time-critical information quickly and securely to those actively involved in ground operations and refugee missions,” said Emiliano Kargieman, CEO of Satellogic.

This data will also be made available to approved humanitarian and non-governmental organizations via a simplified and secure interface provided by Astraea. Request an account here: https://ukraineobserver.earth.

“We are honored to be working with Satellogic on this critical effort. A good portion of our Engineering team is Ukrainian and is on the ground in Kyiv and other places in the country. Hence, this is deeply personal for us. We are focused day and night to help those we work with and care deeply about – and to leverage the power of EO data to save lives, protect innocent civilians and undo the damage caused by conflict,” said Brendan Richardson, Co-Founder and CEO of Astraea.

This service is intended for peaceful use only and must align with Satellogic’s Terms of Use and commitment to supporting humanitarian purposes.

About Satellogic

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ:SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

Satellogic’s mission is to democratize access to geospatial data of high-resolution images and analytics through its information platform to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

To learn more, please visit: http://www.satellogic.com

About Astraea

Astraea was founded in 2016 as a for-profit Benefit Corporation located in Charlottesville, Virginia. Astraea's cloud-native platform, EarthAI, provides the tools and infrastructure required to build production-level analytics on satellite, aerial, and drone imagery. By eliminating the common barriers to processing this valuable resource, Astraea is enabling individuals & organizations to access, analyze, and unlock actionable insights from petabytes of Earth-observing data at a fraction of the cost and complexity previously required.

Astraea: See the Earth as it could be.
https://astraea.earth/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategies, Satellogic’s future opportunities, and the commercial and governmental applications for Satellogic’s technology. 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. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by, an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Satellogic’s ability to continue to meet image quality expectations, (ii) changes in the competitive and highly regulated industries in which Satellogic operates, variations in operating performance across competitors and changes in laws and regulations affecting Satellogic’s business, (iii) the ability to implement business plans, forecasts and other expectations, and to identify and realize additional opportunities, (iv) the risk of downturns in the commercial launch services, satellite and spacecraft industry, (v) the risk that Satellogic and its current and future collaborators are unable to successfully develop and commercialize Satellogic’s products or services, or experience significant delays in doing so, (vi) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations, (vii) the risk of product liability or regulatory lawsuits or proceedings relating to Satellogic’s products and services, and (viii) the risk that Satellogic is unable to secure or protect its intellectual property. The foregoing list of factors is not exhaustive. The foregoing list of factors is not exhaustive. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s effective registration statement on Form F-1 and the prospectus included therein and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic gives no assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005490/en/

Investor Relations:

MZ Group

Chris Tyson/Larry Holub

(949) 491-8235

SATL@mzgroup.us

Media Relations:

Satellogic

pr@satellogic.com

Source: Satellogic Inc.

FAQ

What is the recent collaboration announced by Satellogic (SATL)?

Satellogic (SATL) announced a collaboration with Astraea to provide critical Earth Observation data to the Ukrainian government and humanitarian organizations.

How does Satellogic's Daily Collection Access service benefit Ukraine?

The service delivers high-resolution satellite imagery to monitor military movements and improve resource distribution amid the conflict.

What type of data will Satellogic provide to humanitarian organizations in Ukraine?

Satellogic will provide Earth Observation data for assessment of damage and evacuation planning.

What is the goal of Satellogic's collaboration in Ukraine?

The goal is to protect innocent lives by facilitating timely access to critical information for ground operations.

What challenges might Satellogic (SATL) face in this collaboration?

Potential challenges include geopolitical instability and the risks associated with providing military-related data.