BlackSky Wins 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week
BlackSky recognized for excellence and innovation in delivering industry leading commercial real-time, space-based intelligence at mission speed and scale
“BlackSky is honored to receive the Novaspace 2024 Leading Earth Observation Business Award at the World Space Business Week,” said Brian O’Toole, BlackSky CEO. “This recognition is only possible with the collective passion and commitment displayed every day by the entire BlackSky team as we lead the Earth observation industry into a new era of dynamic, real-time, low latency monitoring.”
The annual WSBW awards recognize the most forward-thinking businesses and innovators shaping the future of the global space sector. A panel of industry experts evaluate qualitative and quantitative criteria to honor companies that distinguish themselves during the year that include innovation, strategic decisionmaking, market impact, and financial and commercial indicators.
This year, BlackSky made notable achievements in transforming the adoption model for commercial real-time, space-based intelligence and furthering the Earth observation industry’s transition from static mapping to dynamic, AI-driven monitoring of critical areas of interest while expanding its product offering to revolutionize non-Earth imaging.
“Our software-first approach has made space more accessible for nations seeking sovereign, space-based intelligence capabilities and is reshaping how customers see and understand the most important security and economic events in our world,” added O’Toole.
Through a first-of-its kind
In January, BlackSky won a contract from the Intelligence Advanced Research Projects Activity (IARPA) to move forward into the third and final phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) program. With the core technology developed under the SMART program, BlackSky’s AI tools have detected and classified more than two million change observations with a high degree of accuracy over 120 thousand distinct sites after having analyzed five years of historic broad area satellite imagery from government and commercial sources.
The National Geospatial-Intelligence Agency (NGA) recently announced BlackSky was selected as a vendor under the five-year,
Yesterday, BlackSky was awarded a seven-figure space domain awareness contract from HEO to bring automated low-latency capabilities to non-Earth imaging (NEI) services for defense, intelligence and commercial use. Under the agreement, the companies will partner to bring BlackSky’s current constellation into HEO’s NEI sensor network. The contract is now moving into its second phase with a focus on automating the entire tasking-to-delivery process, following a successful initial proof of concept phase.
About BlackSky
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.
BlackSky designs, owns and operates one of the industry’s leading low Earth orbit small satellite constellations, optimized to capture imagery cost-efficiently where and when our customers need it.
BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop the critical insights and analytics that our customers require.
BlackSky is relied upon by
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC which are available at the SEC’s website at http://www.sec.gov or on BlackSky’s Investor Relations website at https://ir.blacksky.com.
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Investor Contact
Aly Bonilla
VP, Investor Relations
abonilla@blacksky.com
Media Contact
Pauly Cabellon
Sr. Director, External Communications
bksypr@blacksky.com
Source: BlackSky Technology Inc.
