GeoEye's Chief Operating Officer Bill Schuster said, "Steve was part of the senior leadership group at the National Geospatial-Intelligence Agency (NGA) and is recognized as a leader in the geospatial industry. At GeoEye, he will leverage his extensive geospatial experience and leadership skills to identify new product opportunities and lead their integration into our portfolio. Steve will work closely with all elements of the business to develop detailed business plans as part of our product rollout strategy."
"I am extremely excited to join GeoEye's leadership team. This role provides an inspiring new challenge for me after proudly serving the NGA and the defense, intelligence and civil communities for the bulk of my professional career. I look forward to applying my geospatial data management and product development skills in the commercial markets," Wallach said.
Wallach's exemplary career includes more than 32 years with the NGA and its predecessor organizations, where he held a variety of leadership positions in analysis, production, research, development, technology and operational support areas. Wallach last served as the NGA's Geospatial Intelligence information executive, where he championed the NGA Data Center and their data management activities. He also served as the Department of Defense's senior agency official for Geospatial Information, representing the agency at the federal level. Prior to this, Wallach served in several senior roles as the NGA's technical executive, director for Analysis and Production and West area executive. During the creation of the National Imagery and Mapping Agency, he served as the deputy director for Technology and led the Agency's research and development program.
Earlier in his career, Wallach served at the Defense Mapping Agency, where he produced various specialized geospatial products; managed telecommunications programs; supervised software development, geospatial production and operations support organizations; and led the Agency's weapons and systems development support. He also served on various executive and advisory committees until his retirement in December 2010, which included service as vice-chair of the National Geospatial Advisory Committee. Wallach began his career with the Defense Mapping Agency Aerospace Center in 1978.
GeoEye, Inc. is a leading international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world. In August 2010, GeoEye was named one of Fortune Magazine's "100 Fastest-Growing Companies" in the United States. The Company has more than 700 employees dedicated to developing best-in-class geospatial information products and services. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye is available at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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, 2009, which we filed with the Securities and Exchange Commission ("SEC") on March 12, 2010, and our Quarterly Reports on Form 10-Q for the period ended March 31, 2010, June 30, 2010 and Sept. 30, 2010, which we filed with the SEC on May 10, 2010, Aug. 9, 2010 and Nov. 9, 2010, respectively. 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, Senior Vice President, General Counsel and Secretary, at 703-480-5672.
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