GeoEye Signs Reseller Contracts for Access to GeoEye-1 Earth-Imaging Satellite Imagery and Products

DULLES, Va., March 18 /PRNewswire/ -- DULLES, Va., March 18 /PRNewswire-FirstCall/ -- GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite and aerial-based geospatial information, announced today it has signed agreements with several international resellers to provide high-resolution, satellite imagery and value-added products from its new GeoEye-1 Earth-imaging satellite to customers in China, Middle East, Turkey and Russia.

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Beijing Earth Observation, Inc. (BEO), located in Beijing and owned by Eastdawn Group, has been GeoEye's exclusive master reseller in China since April 2007 for its IKONOS high-resolution products and value-added solutions. With the commencement of full operations of the GeoEye-1 spacecraft, BEO and GeoEye entered in agreement appointing BEO as the exclusive master reseller in China for GeoEye-1.

"GeoEye-1 has greater imagery collection capability and its imagery will provide a new world of resolution and geo-positional accuracy. I am sure the imagery data will contribute to the economic development of China," said Mr. Bing Sun, Chairman and CEO of Eastdawn Group and co-chairman of BEO.

Space Imaging Middle East, located in Dubai, United Arab Emirates, renewed its IKONOS Regional Affiliate Agreement and signed a new agreement to become an authorized reseller of GeoEye-1 imagery and products in Dubai and the Middle East. Space Imaging Middle East has been GeoEye's partner and Regional Affiliate for IKONOS imagery collection and distribution since January 2000.

A third international partner, INTA Spaceturk, located in Ankara, Turkey, and a subsidiary of Cukurova Group, signed an agreement on Feb. 27, 2009 to become an authorized reseller of IKONOS and GeoEye-1 imagery and products. INTA Spaceturk has the exclusive rights to sell IKONOS and GeoEye-1 imagery in Turkey, Georgia and Azerbaijan. INTA Spaceturk has been GeoEye's partner and regional affiliate since 2001.

INTA Spaceturk's president and chief executive officer, Mr. Murat Ozgul, said, "We are happy to continue serving Turkey, Georgia and Azerbaijan exclusively for GeoEye-1 and IKONOS products as GeoEye's master reseller. We believe this cooperation will bring many more successes as it has been since the beginning of our relationship in 2001."

GeoEye has also signed seven new non-exclusive resellers in Russia to sell IKONOS and GeoEye-1 imagery in that country.

Paolo Colombi, GeoEye's vice president of international sales, commented, "I am very pleased we are increasing imagery resources for these three important business partners and expanding our ability to sell imagery in China, the Middle East, Turkey and Russia. Their strong market presence will contribute to GeoEye's success and assure rapid adoption of GeoEye-1 products into these markets."

About GeoEye

GeoEye's products and services enable timely, accurate, and accessible location intelligence. The company is recognized as one of the geospatial industry's most trusted imagery experts, delivering reliable service and exceptional quality imagery products and solutions to customers around the world. GeoEye has developed an advanced information technology infrastructure for collecting, receiving, processing and distributing imagery information products and processing services to the U.S. Government including the national security community as well as international governments and commercial customers. These products serve applications including defense and intelligence, precision mapping, on-line mapping, infrastructure development, planning and monitoring, and environmental assessment. The company collects tens of millions of square kilometers of imagery per year with its existing satellites and aerial assets, which includes GeoEye-1, the world's highest resolution commercial imaging satellite. The company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation ( http://www.geoeyefoundation.org). Headquartered in Dulles, Virginia, GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com/.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. Statements including words such as "anticipate", "believe", or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

Web site: http://www.geoeye.com/




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