Built in India, the First Sub-meter Resolution
Optical Satellite Reaches Orbit
Tata Advanced Systems Limited (“TASL”), India’s leading private
sector player for aerospace and defense solutions, and Satellogic
Inc. (NASDAQ: SATL) (“Satellogic”), a leader in sub-meter
resolution Earth Observation (“EO”) data collection, today
announced the successful deployment into space of TASL’s TSAT-1A
satellite aboard the Bandwagon-1 mission, which SpaceX’s Falcon 9
rocket launched from Launch Complex 39A at Kennedy Space Center,
Florida, USA, at 23:16 UTC on April 7, 2024.
TSAT-1A has been assembled in TASL’s Assembly, Integration and
Testing (“AIT”) plant at its Vemagal facility in Karnataka. This
achievement follows the collaboration signed between TASL and
Satellogic in November 2023, leveraging Satellogic’s expertise to
develop and integrate an advanced EO satellite in India and TASL’s
capability to undertake complex system integration.
Sukaran Singh, Chief Executive Officer and Managing Director,
TASL, said, “This milestone shows TASL’s commitment to the space
sector. This is a first step. Our partnership with Satellogic has
enabled us to deliver an assembled and tested in India,
best-in-class, fully integrated sub-meter optical satellite which
was launched aboard SpaceX’s Falcon 9 rocket for the Bandwagon-1
mission. We are grateful for the support we have received from
various Indian Government authorities for required
permissions.”
TSAT-1A will deliver high-resolution optical satellite images
with increased collection capacity, dynamic range, and low-latency
delivery through its multispectral and hyperspectral
capabilities.
“Congratulations to both teams on the efficient collaboration
that brought TSAT-1A to life and ready for launch,” commented
Emiliano Kargieman, CEO at Satellogic. “This illustrates the
flexibility of Satellogic’s Space Systems program, offering
governments and enterprises the ability to tailor a proven
satellite model for their specific needs, and reach orbit within a
favorable timeframe.”
Satellogic provided industry knowledge transfer, foundational
components, IP licensing terms, and support in constructing an AIT
facility in India – features of its Space Systems offering for
direct satellite sales.
About Tata Advanced Systems Limited
Tata Advanced Systems Limited (TASL), a wholly owned subsidiary
of Tata Sons, is a significant player for aerospace and defence
solutions in India. TASL offers a full range of integrated
solutions across: Aerostructures & Aeroengines, Airborne
Platforms & Systems, Defence & Security, Land Mobility.
TASL has a strong portfolio of partnerships and joint ventures with
leading global aerospace and defence firms, making it an integral
partner in the international supply chain and in some instances, a
global single source provider for leading aerospace and defence
OEMs’. With the requisite capabilities, resources and scale, TASL
is equipped to deliver end-to-end innovative solutions throughout
the entire aerospace and defence value chain from design to full
platform assembly, and is well positioned in areas that include
missiles, radars, unmanned aerial systems, artillery guns, command
and control systems, optronics, homeland security and land systems,
in addition to aircrafts and helicopters.
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
South 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240405345041/en/
Media Relations:
Tata Advanced Systems Limited Sarika Kapoor Chokshi
skchokshi@tataadvancedsystems.com +919223301710
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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