Multimillion dollar customer investment in augmenting infrastructure demonstrates long term commitment to secure, assured access to current and future imagery and analytic services
HERNDON, Va. — (BUSINESS WIRE) — June 6, 2023 — BlackSky Technology Inc. (NYSE: BKSY) was awarded a two-year multimillion dollar ground station infrastructure augmentation contract that establishes the strategic framework for BlackSky’s next major international advanced tactical ISR Ministry of Defense customer.
“BlackSky’s on-demand imagery tasking with low-latency delivery has become an indispensable part of daily operations for our client,” said Brian E. O’Toole, BlackSky CEO. “This contract reflects strong, sustained client interest in developing the underlying infrastructure to support long term use of BlackSky’s high-frequency, dawn-to-dusk imagery and analytics services.”
BlackSky’s quickly-expanding international customer base is experiencing a new age of actionable intelligence for international governments, commercial customers, and non-governmental organizations.
Developing ground station capabilities will enable direct access to the company’s proprietary high-resolution, rapid-revisit constellation through the BlackSky Spectra AI tasking and analytics platform.
“We deliver thousands of images and analytics every month to organizations worldwide, delivering transparency and insights into border crossings, nuclear and port facilities, and other economically critical infrastructure at scale,” O’Toole added.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s leading low earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it. BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to 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. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
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