Spire Global Announces Expanded Relationship with Sinay

Rhea-AI Summary

Spire Global, Inc. (NYSE: SPIR) has announced a new partnership with Sinay, a tech firm specializing in maritime data solutions. This collaboration aims to enhance global maritime operations by integrating Spire's historical and real-time Automatic Identification System (AIS) data into Sinay's machine learning models. The Sinay Hub will use Spire’s data to improve efficiency, predict Estimated Time of Arrival (ETA), and support cargo tracking by including weather insights. This move is expected to bolster situational awareness for maritime stakeholders and enhance compliance with environmental regulations.

Positive

• New partnership with Sinay to improve maritime data solutions.
• Integration of Spire's AIS data into Sinay's AI algorithms enhances operational efficiency.
• Potential for improved compliance with maritime environmental regulations.

Negative

• None.

Companies Combined Data Intelligence to Help Transform Global Trade

VIENNA, Va.--(BUSINESS WIRE)-- Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services, announced today a new agreement with Sinay, a technology company that helps maritime-based businesses around the world manage data related to operations and environmental impacts. Together, Spire and Sinay are leveraging data and machine learning to develop global maritime solutions.

Sinay has developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. The Hub tool creates real-time situational awareness, allowing the maritime industry to make the right decisions, drive more efficiency and easily comply with regulations.

Spire is integrating its historical and real-time automatic identification system (AIS) data into Sinay’s machine learning model. Using Spire’s data, Sinay’s AI technology will determine maritime routes, classify vessels and train the machine learning model to improve AI algorithms and predict a reliable Estimated Time of Arrival (ETA). Sinay has been a long-term partner of Spire’s, leveraging the company’s AIS data for more than two years. In addition to AIS data, Sinay is now looking at integrating maritime weather insights for cargo tracking by modeling weather conditions and ETA’s that employ machine learning to define the best route for cargo delivery.

“Modern businesses rely on having current, precise, and reliable data to make informed decisions. Spire’s data and analytics enable us to confidently deliver real-time situational awareness, allowing the maritime industry to tap into the power of AI and data to make optimal decisions, consistently, and in real-time,” said David Lelouvier, Managing Director, Sinay. “We look forward to continuing to work with Spire to provide our customers best-in-class, actionable global maritime data.”

“The impact of weather on the maritime industry and in turn global supply chains is something that we are uniquely able to help our customers mitigate,” said John Lusk, SVP and General Manager, Spire Maritime. “We are pleased to expand our relationship with Sinay to include this valuable data set alongside the historical and real-time AIS data that they have been utilizing in their models for years.”

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Cambridge, Ontario, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.

About Sinay

As a maritime data solution company, Sinay developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. Learn more at https://sinay.ai/en/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210005226/en/

For Spire Global, Inc.:

Andrew Cameron

Andrew.Cameron@spire.com



For Sinay SAS

David Lelouvier

david.lelouvier@sinay.fr

Source: Spire Global, Inc.

FAQ

What is the partnership between Spire and Sinay about?

Spire has partnered with Sinay to integrate its AIS data into Sinay's machine learning models to improve maritime operations.

How will the collaboration benefit the maritime industry?

The collaboration aims to enhance real-time situational awareness, predict ETAs, and support cargo tracking, improving operational efficiency and compliance.

What data is Spire providing to Sinay?

Spire is providing its historical and real-time AIS data to enhance Sinay’s data analytics capabilities.

What is the impact of this partnership on Spire's stock (SPIR)?

While the partnership could enhance Spire's market position in maritime analytics, specific impacts on SPIR's stock will depend on market reception and financial performance.