BlackSky recognized for excellence and
innovation in delivering industry leading commercial real-time,
space-based intelligence at mission speed and scale
BlackSky Technology Inc. (NYSE: BKSY) won the 2024 Novaspace
Leading Earth Observation Business Award at World Space Business
Week. BlackSky is recognized for excellence and innovation in Earth
observation by delivering commercial real-time, space-based
intelligence at mission speed and scale using high-cadence,
rapid-revisit satellite imagery and AI-driven analytics.
“BlackSky is honored to receive the Novaspace 2024 Leading Earth
Observation Business Award at the World Space Business Week,” said
Brian O’Toole, BlackSky CEO. “This recognition is only possible
with the collective passion and commitment displayed every day by
the entire BlackSky team as we lead the Earth observation industry
into a new era of dynamic, real-time, low latency monitoring.”
The annual WSBW awards recognize the most forward-thinking
businesses and innovators shaping the future of the global space
sector. A panel of industry experts evaluate qualitative and
quantitative criteria to honor companies that distinguish
themselves during the year that include innovation, strategic
decisionmaking, market impact, and financial and commercial
indicators.
This year, BlackSky made notable achievements in transforming
the adoption model for commercial real-time, space-based
intelligence and furthering the Earth observation industry’s
transition from static mapping to dynamic, AI-driven monitoring of
critical areas of interest while expanding its product offering to
revolutionize non-Earth imaging.
“Our software-first approach has made space more accessible for
nations seeking sovereign, space-based intelligence capabilities
and is reshaping how customers see and understand the most
important security and economic events in our world,” added
O’Toole.
Through a first-of-its kind $50 million contract supporting the
Indonesian Ministry of Defense, BlackSky is pioneering a new,
software-first adoption model, offering customers immediate access
to subscription-based Assured monitoring services over priority
areas of interest with very little risk and without spending
hundreds of millions on capability that will not materialize for
years.
In January, BlackSky won a contract from the Intelligence
Advanced Research Projects Activity (IARPA) to move forward into
the third and final phase of the multi-year Space-based Machine
Automated Recognition Technique (SMART) program. With the core
technology developed under the SMART program, BlackSky’s AI tools
have detected and classified more than two million change
observations with a high degree of accuracy over 120 thousand
distinct sites after having analyzed five years of historic broad
area satellite imagery from government and commercial sources.
The National Geospatial-Intelligence Agency (NGA) recently
announced BlackSky was selected as a vendor under the five-year,
$290 million Luno A multi-award indefinite delivery/indefinite
quantity contract. The five-year deal focuses on monitoring
economic and environmental activity and military capabilities using
commercial geospatial intelligence and analytics services. BlackSky
today monitors over more than 30 million square kilometers of the
Earth’s surface for the NGA.
Yesterday, BlackSky was awarded a seven-figure space domain
awareness contract from HEO to bring automated low-latency
capabilities to non-Earth imaging (NEI) services for defense,
intelligence and commercial use. Under the agreement, the companies
will partner to bring BlackSky’s current constellation into HEO’s
NEI sensor network. The contract is now moving into its second
phase with a focus on automating the entire tasking-to-delivery
process, following a successful initial proof of concept phase.
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 X (formerly 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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version on businesswire.com: https://www.businesswire.com/news/home/20240920987727/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Sr. Director, External
Communications bksypr@blacksky.com
BlackSky Technology (NYSE:BKSY)
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BlackSky Technology (NYSE:BKSY)
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