Planet Announces New Details of Hyperspectral Offering
September 19 2022 - 9:00AM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced new details of its commercial
hyperspectral constellation, which is being brought to market
through a first-of-its-kind public-private partnership with the
Carbon Mapper Coalition. The future hyperspectral satellites will
be named Tanager, a colorful and visually diverse family of birds
in Central and South America, and are designed to deliver
hyperspectral data at a resolution of 30 meters with over 400
spectral bands.
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Tanager rendering. © 2022, Planet Labs
PBC. All Rights Reserved.
In combination with Planet’s existing medium (3-5 meter
resolution, Dove) and high-resolution (<1 meter resolution,
SkySat and future Pelican) constellations, the hyperspectral data
provided by the Tanager satellites aims to complement and enhance
Planet’s unprecedented dataset. Tanager is a family of birds who,
similar to our planet, are threatened with endangerment if we don’t
take substantive and data-backed action to protect ecosystems and
resources. By helping to identify the spectral “signatures” of
chemicals, materials, and processes across the globe, hyperspectral
data can reveal otherwise hidden trends and could fill intelligence
gaps and mitigate risks by exposing these challenges to decision
makers.
Hyperspectral imaging offers a vast array of spectral insights
as it divides the spectrum across a multitude of spectral bands,
enabling analysts to review phenomena in many differentiated colors
that are typically beyond human visual perception. The goal of
Planet’s hyperspectral offering is to help customers reveal social,
environmental, and climate risks in unprecedented detail and
demonstrates Planet’s commitment to preserve biodiversity and to
accelerate action on climate change as a part of the Carbon Mapper
Coalition. ASU’s Center for Global Discovery and Conservation
Science will also play a key role in the Carbon Mapper mission
performing additional scientific research on hyperspectral
applications.
With plans to launch the first two Tanager satellites in 2023,
hyperspectral data holds immense potential to support applications
in industries like agriculture, defense & intelligence, energy,
civil government, and mining. The genesis of the Carbon Mapper
initiative came from a need to use high quality hyperspectral data
to locate methane point source emitters at the facility scale to
support mitigation action. As part of the coalition, Planet remains
committed to the public benefit mission of pinpointing, quantifying
and tracking point-source methane and CO2 emissions, while also
leveraging the technology’s other applications made possible with
hyperspectral data to deliver additional value to its
customers.
Beyond offering methane and CO2 signatures, Planet’s commercial
hyperspectral offering looks to provide customers with data for
dozens of other environmental applications and indicators that are
needed to closely monitor the health of the planet. The satellites’
hyperspectral sensor technology, pioneered by NASA Jet Propulsion
Laboratory (NASA JPL), will provide 30m resolution and a full
spectral range of shortwave infrared and high-precision 5nm wide
bands; this hyperspectral offering is designed to help
organizations understand changes on land and at sea, from coastal
zones to forests to urban areas and more.
As influential leaders meet this week to discuss a range of
topics from the impact of infrastructure and buildings on our
environment to how global food industries can cut greenhouse gas
emissions to the importance of preserving and restoring the Earth’s
ecosystems and biodiversity - it’s more critical than ever that
businesses innovate and governments implement effective policies.
These parties need targeted, actionable information as rapidly as
possible and hyperspectral data can provide that critical
intelligence layer. Sign up to receive updates on Planet’s
hyperspectral commercial offering here.
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 successfully design,
build, launch and deploy, operate and market new products and
satellites and the Company’s ability to realize any of the
potential benefits from product and satellite launches, either as
designed, within the expected time frame, in a cost-effective
manner, or at all. 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 Company’s ability to obtain and maintain required licenses
and approvals from regulatory agencies, such as the Federal
Communications Commission (FCC), in a timely fashion, or at all;
whether the Company will be able to successfully build, launch and
deploy or operate its satellites, including new satellites either
as designed, in a timely fashion or at all; the Company’s ability
to develop and release product and service enhancements to respond
to rapid technological change, or to develop new designs and
technologies for its satellites, in a timely and cost-effective
manner; whether the Company will be able to continue to invest in
scaling its sales organization, expanding its software engineering
(including its ability to integrate new satellite capabilities) and
marketing capabilities; whether the Company will be able to
accurately predict and capture market opportunity; whether current
customers or prospective customers adopt the Company’s platform or
new products; the Company’s ability realize any of the potential
benefits from new products and satellites, as well as strategic
partnerships and customer collaborations; and 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/20220919005310/en/
Planet Press Claire Bentley Dale comms@planet.com
Planet Investor Relations Chris Genualdi, Cleo Palmer-Poroner
ir@planet.com
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