WESTMINSTER, Colo., October 28, 2015 – DigitalGlobe, Inc. (NYSE: DGI), a leading global provider of commercial high-resolution earth observation and advanced geospatial solutions, today announced an agreement with Intelescope Solutions to enable global-scale satellite imagery data for the forestry industry.
DigitalGlobe’s Geospatial Big Data Platform combines tools, data, and infrastructure to answer challenging questions about our complex and changing world. By coupling an innovative business model with modern cloud computing capabilities, DigitalGlobe enables customers and partners to extract information at scale from the world’s largest library of commercial satellite imagery.
Intelescope, a global provider of forestry analytical services, will run its own patented algorithms against millions of square kilometers of high-resolution earth imagery within the GBD Platform to generate timely and relevant information for its customers. Intelescope’s clients, which include forestry land owners, managers and consultants, timber REITs, TIMOs, and pension and hedge funds, are keenly interested to understand commercial timber volumes and health on a global scale.
“Intelescope Solutions is among the vanguard of cutting-edge companies that are leveraging satellite imagery and big data analytics to answer truly large and difficult questions,” said Dr. Shay Har-Noy, DigitalGlobe’s Senior Director of Geospatial Big Data. “DigitalGlobe’s GBD platform is tremendously valuable to industries like forestry and agricultural industries for its ability to assess the health and size of trees and plants on both an individual plot and aggregate global basis.”
“By partnering with DigitalGlobe, we are enabling more efficient management and a richer knowledge of timber assets, allowing for the optimization and preservation of valuable forest resources,” said Dr. Adam Messer, CEO of Intelescope Solutions. “Our customers will benefit from massively decreased processing times, increased cost-effectiveness, and our ability to take on projects that simply are not feasible without access to the world’s largest library of commercial satellite imagery.”
About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world’s leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers’ most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.
About Intelescope
Intelescope Solutions is a global provider of forest analytic services. Using its own proprietary algorithms, access to vast amounts of Geospatial Big Data, state-of-the-art drone and satellite imagery, the company is reshaping the way the forestry industry looks at timber resources, and manages its assets and risks. Intelescope has offices in Stamford, CT and Curitiba, Brazil, and its global research and development office is situated in Petach Tikvah, Israel. Further information: https://www.intelescope.com
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Certain statements contained herein, including statements about our 2015 outlook, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “looks forward to” or the negative of these terms or other similar words, although not all forward-looking statements contain these words.
Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward-looking statements, including: the loss, reduction or change in terms of any of our primary contracts or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the administration, or budgetary cuts resulting from Congressional committee recommendations or automatic sequestration under the Budget Control Act of 2011); the risk that U.S. government sanctions against specified companies and individuals in Russia may limit our ability to conduct business with potential or existing customers; the outcome of pending or threatened litigation; the loss or impairment of any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our imagery archives; interruption or failure of our ground system and other infrastructure; decrease in demand for our imagery products and services; increased competition, including possibly from companies with substantial financial and other resources and services, that may reduce our market share or cause us to lower our prices; our inability to fully integrate acquisitions or to achieve planned synergies; changes in satellite imaging technology; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2014.
We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
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