BlackSky Wins $14 Million in Orders to Monitor Critical Global Economic Activity

BY Business Wire | ECONOMIC | 09/19/22 08:00 AM EDT

Multiple Q3 2022 awards validate growing demand for BlackSky?s real-time dynamic monitoring capabilities

HERNDON, Va.--(BUSINESS WIRE)-- BlackSky Technology Inc. (BKSY) has received a combined total of $13.8 million of orders to date within the first year of a five-year National Geospatial-Intelligence Agency (NGA) contract to monitor global economic activity.

?These awards underscore the growing demand for commercial real-time, AI-driven monitoring services that reveal economic activity at manufacturing hubs, major maritime ports, and airports around the world,? said Dr. Patrick O?Neil, BlackSky (BKSY) chief innovation officer. ?BlackSky?s on-demand dynamic monitoring platform provides decision makers with actionable subscription-based insights on relevant global economic indicators at unprecedented speed and scale.?

Since winning the first order, BlackSky?s dynamic monitoring platform has collected thousands of observations over critical sites worldwide and demonstrated the ability to scale the quantity of observations to meet customer demand.

?BlackSky?s Spectra AI platform for multi-source analytics and satellite imagery collection gives customers direct access to high revisit, dawn-to-dusk imaging and analytics that seamlessly integrate into the existing GEOINT workflows,? O?Neil added.

Competitively procured, the orders are part of a five-year Indefinite-Delivery/Indefinite-Quantity (IDIQ) NGA contract announced in September 2021 to monitor global economic activity.

About BlackSky (BKSY)

BlackSky (BKSY) is a leading provider of real-time geospatial intelligence. BlackSky (BKSY) delivers on-demand, high frequency imagery, monitoring and analytics of the most critical and strategic locations, economic assets, and events in the world.

BlackSky (BKSY) 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 (BKSY) is relied upon by U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky (BKSY) is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on Twitter.

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 (BKSY). 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.

Source: BlackSky Technology Inc. (BKSY)

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