Collaboration Expands Access to Earth
Observation Data and Satellite Technology in Alignment with
Malaysia Space Exploration 2030 Initiative
Uzma, a leading energy and technology company (BURSA:7250.KL),
and Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter
resolution Earth Observation (“EO”) data collection, announced
today a groundbreaking collaboration aimed to evolve the landscape
of satellite imagery capabilities and geospatial services in
Southeast Asia. The agreement includes leveraging a
state-of-the-art EO satellite designed and manufactured by
Satellogic that is planned to be launched in the second half of
2024 as “UzmaSAT-1” aboard a SpaceX Falcon 9 rocket, and extensive
tasking access to the Satellogic constellation.
Through its wholly owned subsidiary, Geospatial AI Sdn Bhd
(“Geospatial AI”), Uzma will leverage access to high-temporal and
high-resolution satellite imagery from Satellogic’s commercial
fleet of sub-meter resolution EO satellites, which is the largest
in the world. Through this collaboration with Satellogic,
Geospatial AI, a two-time recipient of the Smart Technology
Innovation of the Year* award, positions itself to accelerate the
development of valuable geospatial applications, providing
actionable insights for a rapidly growing market.
A pivotal aspect of this collaboration is the tasking capacity
made available to Uzma, empowering Uzma to capture precise
satellite imagery on-demand, including frequent revisits, maximum
responsiveness, and extensive collection capacity especially suited
to scale its business. This will enable Uzma to swiftly respond to
market trends and opportunities, allowing its customers to access
up-to-date and accurate geospatial data for informed
decision-making.
Dato’ Kamarul Redzuan, Uzma Group CEO, expressed enthusiasm
about the collaboration: “We are thrilled to partner with
Satellogic to pioneer a solution set to address our industry's
long-standing need for high-temporal and high-resolution satellite
data. With the launch of UzmaSAT-1 and access to Satellogic’s
constellation, it has the potential to set a new standard for
geospatial intelligence and offer unparalleled capabilities to meet
the evolving demands of Uzma’s clients.”
Matt Tirman, Satellogic President, added: “We are immensely
excited about this multi-year, multi-million dollar venture, which
is more than a mere collaboration; it's a pioneering step geared
towards revolutionizing data availability and insight extraction in
Southeast Asia. By integrating Satellogic's cutting-edge satellite
constellation with Uzma's robust data analytics and expertise, we
are setting a new benchmark in geospatial intelligence. We believe
this is the beginning of a new era in satellite imagery and
geospatial services in Malaysia and Southeast Asia. We are proud to
be at the forefront of this geospatial revolution with Uzma and
eager to work together to bring unparalleled space-based
capabilities to the region.”
Beyond technological advancements, the collaboration between
Uzma and Satellogic holds deep potential to address critical global
and domestic challenges, including ESG-related matters from food
security to border security, disaster response, and more. This
concerted effort aligns seamlessly with Malaysia's Space
Exploration 2030 goals, reinforcing the nation's commitment to
advancing space capabilities for a sustainable and technologically
advanced future.
*Note: The Smart Technology Innovation of the Year award was
awarded to Uzma at The Solar Week Malaysia Awards in 2023 and
2021
About Uzma
From its humble beginnings as a manpower consultancy supply
company in 2000, Uzma has evolved into a prominent player in the
energy and technology industry. Our operational footprint extends
across Malaysia, Thailand, Indonesia, and the Philippines, firmly
establishing Uzma’s presence in the region. Our hallmark has been
the delivery of exceptional customer service and the provision of
high-quality solutions.
Driven by an unwavering passion for technological innovation, we
have embarked on a trajectory of rapid growth, venturing into new
markets and pioneering innovative service offerings that transcend
Malaysia’s borders. Our transformative Five-Year Plan, known as
uzma5YP, has strategically realigned our business, placing a strong
emphasis on integrated solutions, asset and technology-based
approaches, and diversification into emerging growth sectors such
as New Energy, Digitalisation, and Downstream business.
At Uzma, a commitment to continuous innovation is at the core of
our ethos. Our DNA, embodied in the uzmaWAY, encapsulates our
unwavering pursuit of excellence. This guiding principle empowers
us to tackle the ever-evolving challenges of the industry and
deliver exceptional value to our clients. With steadfast dedication
and a focused approach, we take pride in our contribution to a more
sustainable industry ecosystem, consistently innovating solutions
that benefit all our stakeholders.
Uzma Berhad has been proudly listed on Bursa Malaysia’s Main
Board since July 2008. For more information on Uzma and our
transformative solutions, visit us at www.uzmagroup.com.
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
through its information platform of high-resolution images 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.
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, 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 scale its constellation of satellites and
to do so on Satellogic’s projected timeframe and in accordance with
projected costs, (ii) Satellogic’s ability to continue to meet
image quality expectations, to continue to enhance the capability
of its network of satellites and to continue to offer superior unit
economics, (iii) Satellogic’s ability to become or remain an
industry leader, (iv) the number of commercial applications for
Satellogic’s products and services, (v) Satellogic’s ability to
address all commercial applications for satellite imagery, 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, (vi) the ability to implement business
plans, forecasts and other expectations, and to identify and
realize additional opportunities, including the ability of
Satellogic to realize the potential benefits of opportunities in
Southeast Asia, (vii) the risk of downturns in the commercial
launch services, satellite and spacecraft industry, (viii) the risk
that the market for Satellogic’s products and services does not
develop as anticipated, (ix) the risk that Satellogic and its
current and future collaborators, including Uzma, are unable to
successfully develop and commercialize Satellogic’s products or
services, or experience significant delays in doing so, (x) the
risk that third-party suppliers and manufacturers are not able to
fully and timely meet their obligations, (xi) the risk of product
liability or regulatory lawsuits or proceedings relating to
Satellogic’s products and services, and (xii) the risk that
Satellogic is unable to secure or protect its intellectual
property. 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 Annual Report on Form 20-F 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 can give no assurance that
it will achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231205888397/en/
Media relations: Uzma
communications@uzmagroup.com
Satellogic pr@satellogic.com
Investor Relations: Satellogic / MZ Group Chris
Tyson/Larry Holub (949) 491-8235 SATL@mzgroup.us
Satellogic (NASDAQ:SATL)
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