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Satellogic to Launch Two NewSat Mark IV Spacecraft

January 7, 2020 GMT

BUENOS AIRES, Argentina--(BUSINESS WIRE)--Jan 7, 2020--

Satellogic, the first company to develop a scalable earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, today announced the impending launch of two new Earth Observation satellites. China Great Wall Corporation (CGWIC) will deliver the spacecraft to Low Earth Orbit via a Long March 2D rocket scheduled to launch from the Taiyuan Satellite Launch Center at 2:53am GMT on January 15th.

Both Satellogic satellites are equipped with two payloads: a multispectral camera with 1m resolution and a hyperspectral camera at 30m resolution. The launch will bring the total number of Satellogic spacecraft in orbit to 10. Satellogic has secured launch agreements to put another 80+ satellites in orbit over the next 24 months. The launch scheduled for January 15th falls under the multiple-launch agreement that Satellogic and CGWIC signed in January of 2019 for a series of dedicated launches to build out Satellogic’s Earth Observation Satellite Constellation.

Today, Satellogic is also announcing the expansion of their Assembly, Integration and Test (AIT) facility in Montevideo, Uruguay. The expanded facility features 16 work cells and new training rooms to accommodate Satellogic’s growing engineering workforce. The upgraded facility also leverages Lean Manufacturing methodology and has implemented Kanban signals to control production levels and to balance workforce distribution. The facility has also implemented the 5S methodology in its operations. Satellogic’s AIT facility focuses on standardization, zero defects and zero waste as Satellogic continues to scale up the company’s production system.

“We are always looking for ways to better meet our customers’ needs, which is why we’re excited to share the details of our upcoming launch and AIT facility expansion,” said Emiliano Kargieman, Satellogic’s CEO and founder. “With these expanded capabilities on earth and in-orbit, we are prepared to further scale our production and deliver insights at high-resolution and improved frequency for our customers. These expanded capabilities serve as important milestones for Satellogic, as we continue to track towards a completed Earth Observation satellite constellation.”

The two spacecraft will serve to increase Satellogic’s in-orbit capacity, enabling the company to serve new Dedicated Satellite Constellation (DSC) customers and deliver increased data for solutions and imagery services. Satellogic’s DSC offerings have seen increased traction, as governments look to kickstart or supplement their space programs. Satellogic also provides actionable insights based on AI and data analytics to a broad range of industries, including agriculture, forestry, energy, finance & insurance, and critical infrastructure, among others.

“All of us at Satellogic are thrilled to have two more spacecraft in orbit,” said Marco Bressan, Satellogic’s Chief Product Officer. “This launch expands our capacity to serve present and future customers. We have a full pipeline, and we’re in an excellent position to meet the rising demand for geospatial solutions and services at a disruptive cost.”

The spacecraft, Sophie and Marie, were named in honor of Sophie Germain, the mathematician and physicist, and Marie Curie, the physicist and chemist. Satellogic has a tradition of naming their spacecraft after important women scientists. Ada and Maryam, two Satellogic spacecraft launched in 2018, were named for mathematicians Ada Lovelace and Maryam Mirzakhani.

Satellogic recently announced the close of $50M in funding to further scale Satellogic’s existing constellation and drive continued commercial expansion. The company has seen continued market demand for both their DSC and Data Services and Solutions offerings, including a $38M agreement with data science company, ABDAS, to deliver exclusive access to a dedicated constellation of satellites over the Henan Province in China.

Founded in 2010, Satellogic is a global company with 180 employees and offices in Buenos Aires, Córdoba, Montevideo, Barcelona, Tel Aviv, Beijing, Charlotte and Miami.

About Satellogic

Satellogic is the first vertically integrated geospatial analytics company. We drive real outcomes with planetary-scale insights you can trust.

Our low-Earth-orbit satellite constellation, platform, and data science teams work together to deliver high-frequency, high resolution, end-to-end solutions at the right price point. We make sense of the data so you can focus on the big decisions at hand.

With our satellite engineers, AI experts, and solution specialists, we are on a mission to deliver a fundamentally better picture of our planet and the many forces that reshape it every day. We bring space down to earth for large enterprises and governments of all sizes who need to see for themselves how our world is changing.

Satellogic. Now you see.

To learn more, please visit: www.satellogic.com

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CONTACT: Tony Fassi

tony@jones-dilworth.com

Jones-Dilworth, Inc.

KEYWORD: ARGENTINA SOUTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY AEROSPACE OTHER TECHNOLOGY MANUFACTURING

SOURCE: Satellogic

Copyright Business Wire 2020.

PUB: 01/07/2020 10:00 AM/DISC: 01/07/2020 10:01 AM

http://www.businesswire.com/news/home/20200107005605/en