Planet Awarded Contract for Vessel Detection and Monitoring by Naval Information Warfare Center (NIWC) Pacific
March 05 2024 - 11:00AM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced its fully owned subsidiary,
Planet Labs Federal Inc., was awarded a seven-figure contract by
the Naval Information Warfare Center (NIWC) Pacific for vessel
detection and monitoring over key areas of interest throughout the
Pacific. The project will integrate both Planet’s daily, global
PlanetScope data and high-resolution SkySat data into the
Department of Transportation’s SeaVision platform, a web-based
maritime situational awareness tool. The contract includes fusion
of technology from SynMax, a longtime Planet partner, who will
provide vessel detection using their analytics technology over
Planet data.
Planet’s daily, global coverage, powered by its flagship
PlanetScope constellation, is uniquely suited for broad area
management, and will provide the SeaVision platform with a
comprehensive and timely view of millions of square kilometers of
ocean areas. In addition to this sweeping coverage, NIWC Pacific
will also have access to Planet’s high-resolution SkySat data which
can be used to capture finer detail. Further, SynMax has applied a
subset of its Theia technology to meet the unique requirements of
the NIWC Pacific project. This proprietary artificial intelligence
(AI) enhancement enables the detection of maritime events at
strategic and tactical levels, crucial for revealing illegal,
unreported, and unregulated (IUU) fishing, illicit ship-to-ship
transfers, and vessel spoofing. This work showcases the synergy
between Planet's satellite capabilities and SynMax's advanced
analytics.
Integrating electro-optical imagery-derived vessel detections
and high-resolution tasked imagery into the SeaVision platform will
allow users to improve maritime domain awareness throughout the
region. The unclassified data can be used to help validate
alternative datasets, including Automatic Identification System
(AIS) positions, and makes it easily shareable with SeaVision
users, promoting a common understanding of key areas in the
Pacific.
“NIWC Pacific continually pushes the bounds of innovating and
advancing unmatched and disruptive technology in support of their
operations,” said Jon Powers, Planet Federal’s General Manager.
“Planet possesses a unique broad area imagery collection of land
and ocean areas in the Indo-Pacific, so it's exciting for us to
contribute that unique capability to provide maritime insights in
support of the SeaVision mission.”
Planet Federal is pleased to equip US Federal Civilian Agencies,
the Department of Defense, and Intelligence Community with
real-time satellite data and analytics required to monitor and
respond to global changes and looks forward to this important
collaboration with NIWC Pacific.
About Planet
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. Planet provides mission-critical data,
advanced insights, and software solutions to over 950 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 listed 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 current
or future product enhancements, new products, or strategic
partnerships, contracts 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: Planet’s
ability to obtain or maintain regulatory approvals and/or adhere to
regulatory requirements, including those related to Planet’s
ability to operate as a government contractor with the required
security clearances; changes in government policies regarding use
of commercial data or satellite operators, material delay or
cancellation of certain government programs, government spending
authorizations and budgetary priorities; changes in general global
economic conditions or Planet’s operations (including the
development, launch and operation of satellites) that may alter or
delay Planet’s ability to perform under future contracts and the
final profitability of such contracts; the cancellation of
contracts by the customer and any potential contract options which
may or may not be awarded in the future; and the risk factors and
other disclosures about Planet and its business included in
Planet’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
Planet’s website at www.planet.com. All forward-looking statements
reflect Planet’s beliefs and assumptions only as of the date such
statements are made. Planet 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/20240305304407/en/
Planet Press Sarah Bates press@planet.com
Planet Investor Relations Chris Genualdi, Cleo Palmer-Poroner
ir@planet.com
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