DULLES, Va., Aug. 2, 2006 – GeoEye, the world’s largest commercial satellite imaging company (OTCPK: ORBM), announced today that the U.S. Government has awarded the company contracts totaling $19.6 million to supply imagery and value-added products and services to several Federal agencies including the United States Department of Agriculture (USDA), National Park Service, and the National Geospatial-Intelligence Agency (NGA).
GeoEye will supply imagery for these contracts from its constellation of three Earth-imaging satellites. These Agencies will use GeoEye’s finished products and services in various capacities such as mapping, change detection and for environmental monitoring. These contracts are in addition to any previously announced awards made to the company.
“GeoEye has had outstanding success in winning substantial new domestic business during the second quarter of 2006,” said Matt O’Connell, GeoEye’s president and chief executive officer. “These contracts further our partnership with defense and federal-civil agencies and demonstrates the strength of our combined company.”
GeoEye is currently building its next-generation commercial satellite imaging system, GeoEye-1, which will provide a ground resolution of 0.41-meter panchromatic and 1.65-meter multispectral or color imagery. The launch of GeoEye-1 is slated for early 2007 from the Vandenberg Air Force Base in California.
Headquartered in Dulles, Va., GeoEye is the world’s largest commercial satellite imagery company, delivering the highest-quality, most accurate imagery and products to better map, measure, monitor and manage the world. GeoEye was formed as a result of ORBIMAGE’s acquisition of Space Imaging in January 2006. The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates a constellation of three Earth imaging satellites – OrbView-2, OrbView-3 and IKONOS – and possesses an international network of more than a dozen regional ground stations, a robust image archive, and advanced geospatial imagery processing capabilities that are unmatched in the satellite imagery industry. Its products are the cornerstone of the remote-sensing industry enabling a wide array of applications including intelligence gathering for national security and defense, mapping, local government planning, and natural resources and environmental monitoring. The company maintains a comprehensive Quality Management System (QMS) and has achieved corporate-wide ISO accreditation. For more information, visit www.geoeye.com.