GeoEye Signs Two New Seven-Figure GeoEye-1 Imagery Contracts Partners in Middle East and Asia Both Sign Up for Access to World's Highest Resolution Commercial Earth-Imaging Satellite
HERNDON, Va., July 13, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced that it recently signed seven-figure agreements with two international partners in the Middle East and Asia for both the renewal and expanded use of GeoEye imagery products.
The Middle East affiliate has signed a new agreement for access to GeoEye-1 sub half-meter imagery, which is the highest resolution commercial imagery available globally. This affiliate has had an ongoing agreement with GeoEye for IKONOS satellite imagery collection and distribution since 2000. The agreement with the government customer in Asia renewed their access to GeoEye-1's highly precise imagery products. This customer has had an agreement in place for GeoEye-1 satellite imagery collection since 2009.
Both partners have indicated they will integrate GeoEye-1's high-resolution imagery with their own systems to support regional security and peace missions.
"Both the Mideast Regional Affiliate and the Asian government customer have been trusted and valued partners for many years," said Paolo Colombi, GeoEye's vice president of International Sales. "We appreciate the extension of our partnerships and the expansion of our global footprint that these agreements represent. We look forward to supporting our partners' mission critical requirements by delivering superior-quality location intelligence regarding these highly sensitive and dynamic regions of the world."
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
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This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the period ended March 31, 2012, which we filed with the SEC on May 4, 2012. Copies of all SEC filings may be obtained from the SEC's EDGAR Web site, http://www.sec.gov/, or by contacting: William L. Warren, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.