Geospatial Intelligence Company Expands Reseller Network in Mexico, Central America
HERNDON, Va. — (BUSINESS WIRE) — July 28, 2021 — BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that Gtt NetCorp, Inc. will join BlackSky’s Global Reseller Program. Through the agreement, Gtt NetCorp gains access to resell BlackSky’s imagery and analytics to customers in Mexico and Central America.
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“Given the demand for geospatial intelligence around the world, BlackSky is rapidly growing its reseller network to provide more customers with access to first-to-know insights,” said Brian E. O’Toole, CEO of BlackSky. “Gtt NetCorp has a strong presence in Mexico and Central America and is well positioned to bring BlackSky’s imagery and analytics to commercial and government customers in the region.”
BlackSky offers innovative geospatial solutions, including optical data and analytics via its Spectra AI platform. As a member of BlackSky’s Global Reseller Program, Gtt NetCorp will have access to imagery and analytics from BlackSky’s high-resolution satellites, which provide high-revisit, dusk-to-dawn Earth monitoring. Gtt NetCorp customers in Mexico and Central America will now be able to leverage BlackSky’s insights for monitoring and situational awareness.
“For over 25 years, Gtt NetCorp has specialized in transforming images into information into intelligence by innovatively integrating geospatial robotics and imaging analytics. We will strengthen our ability to serve customers by tapping into BlackSky’s powerful imagery, data and analytics,” said Armando Guevara, CEO and CTO, at Gtt NetCorp. “By joining BlackSky’s reseller network, we’re advancing our shared goals to help customers maintain sustainable growth by making smarter, better informed and confident decisions, using geospatial imaging intelligence.”
Earlier this year, BlackSky established a formal global reseller program with plans to expand the network to 24 resellers by the end of 2021. The company also announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW). BlackSky currently anticipates closing the transaction during the third quarter of 2021.
About BlackSky Holdings, Inc.
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky monitors activities and facilities worldwide by harnessing the world’s emerging sensor networks and leveraging its own satellite constellation. BlackSky processes millions of data elements daily from its constellation as well as a variety of space, IoT, and terrestrial-based sensors and data feeds. BlackSky’s on-demand constellation of satellites can image a location multiple times throughout the day. BlackSky monitors for pattern-of-life anomalies to produce alerts and enhance situational awareness. BlackSky’s monitoring service, Spectra AI, is powered by cutting-edge compute techniques including machine learning, artificial intelligence, computer vision, and natural language processing. BlackSky’s global monitoring solution is available via a simple subscription and requires no IT infrastructure or setup. On February 17, 2021, BlackSky entered into a definitive agreement for a business combination (the “Merger Agreement”) with Osprey Technology Acquisition Corp. (“Osprey”) (NYSE: SFTW) that would result in BlackSky becoming a publicly listed company. For more information visit www.blacksky.com.
About Osprey
Osprey is a special purpose acquisition company, or SPAC, that was established as a collaboration between investment firms HEPCO Capital Management, led by Jonathan and Edward Cohen, and JANA Partners, led by Barry Rosenstein and with its SPAC initiative led by JANA Partner David DiDomenico, who serves as Osprey’s CEO, President, and Director. Osprey was formed to consummate a transaction with one or more transformative companies that have developed innovative software delivery platforms. For more information visit www.osprey-technology.com.
About Gtt NetCorp
Gtt NetCorp (“GttN”) integrates and delivers innovative geospatial robotics and intelligent imaging solutions with significant aggregate value that contributes to digital transformation’s processes optimization. We focus on converting imagery, to information, to intelligence, “the spatial enabling of information” – our mantra since 1997. With more than 25 years of experience in integrating and selling imaging and geospatial robotics solutions, GttN has been the No.1 provider of satellite imagery and Geospatial Robotics applications in Mexico and LATAM for ISR (Defense, Public Safety, and Industrial Security), AEC (Infrastructure Monitoring & Inspection; vertical assets AR/VR modeling), Precision Agriculture (Agave, Avocado) and Engineering Precision Base Mapping (2D/3D). For more information visit www.GttNetCorp.com and www.GeoDrones.com.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transactions between Osprey and BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transactions may not be completed in a timely manner or at all, which may adversely affect the price of Osprey’s securities, (ii) the risk that the transactions may not be completed by Osprey’s Business Combination deadline and the potential failure to obtain an extension of the Business Combination deadline if sought by Osprey, (iii) the failure to satisfy the conditions to the consummation of the transactions, including the adoption of the Merger Agreement by the stockholders of Osprey, the satisfaction of the minimum trust account amount following redemptions by Osprey’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third-party valuation in determining whether or not to pursue the proposed transactions, (v) the inability to complete the PIPE Investment, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transactions on BlackSky’s business relationships, operating results, and business generally, (viii) risks that the proposed transactions disrupt current plans and operations of BlackSky, (ix) the outcome of any legal proceedings that may be instituted against BlackSky or against the Osprey related to the Merger Agreement or the proposed transactions, (x) the ability to maintain the listing of Osprey’s securities on a national securities exchange, (xi) changes in the competitive and regulated industries in which BlackSky operates, variations in operating performance across competitors, changes in laws and regulations affecting BlackSky’s business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transactions, and identify and realize additional opportunities (xiii) the performance of our third-party service providers, including our satellite manufacturer and launch providers, (xiv) risks related to delays or cancellations from current or expected customers, (xv) the risk that redemptions by Osprey’s public stockholders may require the combined company to seek additional equity and/or debt financing to fund its business plan, and (xvi) the effects of natural disasters, terrorist attacks and the spread and/or abatement of infectious diseases, such as COVID-19, on the proposed transactions or on the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transactions. 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 Osprey’s registration on Form S-1 (File No. 333-234180), the registration statement on Form S-4 discussed below and other documents filed by Osprey from time to time with the U.S. Securities and Exchange Commission (the “SEC”). 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 Osprey and BlackSky assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Osprey nor BlackSky gives any assurance that either Osprey or BlackSky, or the combined company, will achieve its expectations.
Additional Information and Where to Find It
This document relates to the proposed transactions between Osprey and BlackSky. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. On May 13, 2021, Osprey filed a registration statement on Form S-4 with the SEC, as amended on June 25, 2021 and on July 14, 2021, which included a document that serves as a prospectus and proxy statement of Osprey, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all Osprey stockholders. Osprey also will file other documents regarding the proposed transactions with the SEC. Before making any voting or investment decision, investors and security holders of Osprey are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transactions as they become available because they will contain important information about the proposed transactions.
