BlackSky Awarded Electro-Optical Commercial Layer Contract Extension from National Reconnaissance Office
June 05 2024 - 8:00AM
Business Wire
BlackSky first to successfully integrate,
validate performance within new U.S. government imagery management
architecture increasing utility of BlackSky imagery amongst end
users
BlackSky Technology Inc. (NYSE: BKSY) was awarded a 1-year
extension contract from the National Reconnaissance Office (NRO) to
continue to deliver on the current Electro-Optical Commercial Layer
(EOCL) subscription contract for reliable high-frequency Gen-2
imagery services.
“This contract represents continued confidence in BlackSky as a
trusted mission partner as the NRO makes strides in leveraging
commercial space technology to strengthen national security,” said
Brian E. O’Toole, BlackSky CEO. “BlackSky is committed to providing
the most advanced space-based intelligence capabilities to
end-users as we expand services for anchor U.S. government
customers and our growing customer base worldwide.”
The U.S. government has built a new API-enabled commercial
imagery ordering architecture designed to streamline and scale the
ability to order and receive data products from commercial
providers. BlackSky was the first commercial imagery provider to
successfully integrate and validate performance of this
architecture.
“Now entering its third year, the 10-year EOCL contract
continues to confirm the value of BlackSky’s distinct real-time,
high-revisit monitoring approach,” O’Toole added.
BlackSky achieves industry-leading speed through constellation
design and a dedication to end-to-end AI-driven system automation.
With rapid, hourly revisit rates, BlackSky delivers time-diverse
imagery and analytics up to 15 times per day, dawn-to-dusk,
providing decision-quality data directly to those who need it
most—from senior leaders to warfighter in the field.
About BlackSky
BlackSky is a real-time, space-based intelligence company that
delivers on-demand, high-frequency imagery, analytics, and
high-frequency monitoring of the most critical and strategic
locations, economic assets, and events in the world. BlackSky owns
and operates one of the industry’s most advanced, purpose-built
commercial, real-time intelligence system that combines the power
of the BlackSky Spectra® tasking and analytics software platform
and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate
changes for a decisive strategic advantage at the tactical edge,
and act not just fast, but first. BlackSky is trusted by some of
the most demanding 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 (Twitter).
Forward-Looking Statements
This press release contains certain 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, including but not
limited to: (i) the ability to implement business plans, forecasts,
and other expectations, (ii) achieve anticipated revisit rates and
maintain current launch schedules, and (iii) our ability to predict
and respond to customer trends. The foregoing list of factors is
not exhaustive and is based on information available as of the date
of this communication, and current expectations, forecasts and
assumptions, and involve a number of judgments, risks and
uncertainties. 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. There
may be additional risks that we do not presently know, or that we
currently believe are immaterial, that could also cause actual
results to differ from those contained in the 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
reports filed with the SEC, including within the section titled
“Risk Factors” on BlackSky’s registration statement on Form S-1,
and available at the SEC’s website at http://www.sec.gov.
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Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com Media Contact Pauly Cabellon Sr. Director,
External Communications pcabellon@blacksky.com
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