Planet and Bayer Expand Strategic Relationship
June 14 2022 - 4:15PM
Business Wire
The mutual commitment seeks creative digital
solutions to support sustainable agriculture
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, and Bayer, a global company with core
competencies in the life science fields of healthcare and
nutrition, today announced an expansion of their strategic
relationship. This expansion signals a significant scale up between
the two companies. In addition to licensing Planet’s Fusion
product, Planet will provide SkySat data and professional services
to Bayer to create collaborative solutions that help optimize seed
production, improve supply chain efficiency and support sustainable
agriculture.
By building on this strategic relationship and identifying
scalable initiatives in crop sciences and digital agriculture,
Planet and Bayer will continue to explore how Planet’s proprietary
satellite data can address the needs of Bayer’s global agriculture
business. Using Planet’s Fusion data, along with its high
resolution SkySat data, Bayer sees the potential to better
understand historical and in-season crop performance.
“This strategic expansion will accelerate innovation, leveraging
expertise and global reach to enhance developments for agriculture
and will empower our data scientists to generate valuable insights
that have the potential to support our Seed Production globally,”
said Dirk Backhaus, Head of Product Supply Bayer Crop Science.
“We’re excited to expand our business with Bayer and leverage
our unique data and products to provide up-to-date information on
crop productivity, irrigation use, and sustainable management. We
believe that by creating a toolkit to see and quantify change, our
partners and customers will be able to revolutionize digital
agriculture, increase productivity and profit, and drive more
sustainable farming,” said Planet's President of Product and
Business, Kevin Weil.
Planet and Bayer share a desire to scale digital technologies to
make a positive global impact for agriculture. Bayer’s digital
tools can optimize seed production creating more efficient and
sustainable agriculture. Planet’s unique data can provide users
with satellite imagery from daily scans with up to 3.7 m spatial
resolution anywhere on Earth’s landmass, enabling precision
agriculture that can provide field-level insights.
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites, capturing over 30 TB of data per day. Planet
provides mission-critical data, advanced insights, and software
solutions to over 800 customers, comprising the world’s leading
agriculture, forestry, intelligence, education and finance
companies and government agencies, enabling users to simply and
effectively derive unique value from satellite imagery. Planet is a
public benefit corporation trading on the New York Stock Exchange
as PL. To learn more visit www.planet.com and follow us on
Twitter.
Forward-looking Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, the Company’s ability to capture market
opportunity and realize any of the potential benefits from
strategic partnerships and customer collaborations. Forward-looking
statements are based on the Company’s management’s beliefs, as well
as assumptions made by and information currently available to them.
Because such statements are based on expectations as to future
events and results and are not statements of fact, actual results
may differ materially from those projected. Factors which may cause
actual results to differ materially from current expectations
include, but are not limited to, the risk factors and other
disclosures about the Company and its business included in the
Company's periodic reports, proxy statements, and other disclosure
materials filed from time to time with the Securities and Exchange
Commission (SEC) which are available online at www.sec.gov, and on
the Company’s website at www.planet.com. All forward-looking
statements reflect the Company’s beliefs and assumptions only as of
the date such statements are made. The Company undertakes no
obligation to update forward-looking statements to reflect future
events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20220614005489/en/
Claire Bentley Dale Comms@planet.com
Planet Labs PBC (NYSE:PL)
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