Spire Global Launches Localized Weather Forecasts Customized for Global Ports

Rhea-AI Summary

Spire Global, Inc. (NYSE: SPIR) has launched a new AI-powered weather forecast service for global ports, enhancing its weather insight portfolio. The Port Optimized Forecast provides site-specific weather data, considering both natural and man-made variables. It aims to improve operational efficiency, safety, and resource allocation for port authorities by offering timely insights on weather conditions affecting vessel traffic. This initiative aligns with Spire's mission to tackle challenges in the global supply chain and climate change.

Positive

• Launch of AI-powered weather forecast enhances service portfolio.
• Site-specific forecasts improve operational efficiency and safety for ports.
• Aims to reduce disruptions in the global supply chain.

Negative

• None.

Space-based, AI-powered weather forecast launched for global ports

VIENNA, Va.--(BUSINESS WIRE)-- Spire Global, Inc. (NYSE: SPIR) (“the Company” or “Spire”), a leading global provider of space-based data, analytics, and space services announced today the expansion of its weather insight portfolio with the launch of a hyper-local, hyper-accurate optimized forecast for ports.

The Spire Weather Port Optimized Forecast solution takes into account both natural and man-made variables at an exact port location and generates an AI-powered, accurate forecast specifically for that area. As a one-stop weather insight hub, Spire will continue to provide more data and insights to provide accurate and actionable weather forecasts for the maritime industry.

Port and terminal decision makers can now access timely, accurate weather information to reduce congestion, ameliorate operations and increase safety. Spire’s Port Optimized Forecast can support port authorities in managing vessel traffic during poor weather conditions such as strong winds, swells and currents. Depending on the exact location, characteristics and business model of the port of interest, Spire’s port solution will facilitate operational scheduling and maintenance downtime as it’ll provide up-to-date regional weather insights. The maritime industry can allocate its resources more effectively to manage estimated time of arrival, enable smooth cargo loading/off-loading operations, and keep all stakeholders safe.

“Site-specific weather forecasts can anticipate wave amplitude, wind speeds, thunderstorm squalls, and reflect conditions before and after a storm making operations in and around port safer,” said Dr. Kevin Petty, VP, Weather and Earth Intelligence at Spire Global. “As a mission-driven company, we’re committed to providing data solutions that can help solve the global challenges faced today such as reducing disruptions in the global supply chain network and climate change.”

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, Ontario, Glasgow, Luxembourg, and Singapore. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005136/en/

Media Contact:

Andrew Cameron

andrew.cameron@spire.com

Source: Spire Global, Inc.

FAQ

What is the new service launched by Spire Global (SPIR)?

Spire Global launched an AI-powered weather forecast service specifically designed for global ports.

How does the Port Optimized Forecast service benefit the maritime industry?

It provides timely, site-specific weather insights that improve operational efficiency and enhance safety for port operations.

When was the weather forecast solution for ports announced by Spire Global?

The weather forecast service was announced on the same day of the press release.

What data does the Port Optimized Forecast consider?

The forecast takes into account both natural and man-made variables at the exact port location.

What is the stock symbol for Spire Global?

The stock symbol for Spire Global is SPIR.