BlackBridge Secures $22 Million for New Satellite Constellation

A new generation of RapidEye Satellites is underway

Berlin, Germany, May 15, 2014 – BlackBridge has secured $22 million (CDN) in funding from the Bank of Montreal (BMO) and the Business Development Bank of Canada (BDC) for the development of its next generation of satellites, RapidEye+, and for the renewal of existing credit facilities.  This financing will contribute to the development of a new satellite constellation that will enhance BlackBridge’s already remarkable imaging prowess, allowing the company to expand its current range of geospatial solutions.

BlackBridge CFO Richard Goode says of the investment, "We are pleased that both BMO and BDC have joined us in the development of our next generation of satellites. We are seeking strong long-term partners as we continue to grow our business, and both BMO and BDC provided the financial strength and commitment we were looking for.”

Mr. Braun, BMO, is enthusiastic about the project, “We are proud to be a part of BlackBridge’s RapidEye+ project, and we look forward to continued involvement as the new satellites are built.”

Matthew Kellow, Managing Director, Subordinate Financing with BDC states, “BlackBridge is a dynamic, growth-oriented, and forward-thinking company that is a great example of the type of company we are looking to partner with over the long-term. We are excited about furthering our partnership with the company and the new business opportunities that will result from RapidEye+.” 

About BlackBridge

BlackBridge is focused on providing end to end solutions across the geospatial value chain. This includes satellite operations, data center and geocloud solutions, and worldwide satellite imagery distribution through over 100 BlackBridge partners, combined with the creation of value added products and services.


Contact:

Nicole Heringer
Marketing Communications Manager
BlackBridge
Kurfürstendamm 22, 10th floor
10719 Berlin, Germany
(49) 030 609 8300 516
press@blackbridge.com




Review Article Be the first to review this article
Trimble

Air bus

Featured Video
Jobs
ECAD Designer - Data Connectivity for Delphi at Auburn Hills, MI
Mechanical Engineer II - Requisition ID 090445 for L3 Technologies at New York, NY
Estimator / Bidder for Rulon International at Saint Augustine, FL
Upcoming Events
LiDAR for DRONE 2017, Jun 29-30, 2017, Montpellier, France at Montpellier France - Jun 29 - 30, 2017
International Cartographic Conference 2017 at MARRIOTT WARDMAN PARK HOTEL 2660 Woodley Road NW, Washington District Of Columbia 20008 Washington - Jul 2 - 7, 2017
GI_Forum 2017 at University of Salzburg, Interfaculty Department of Geoinformatics - Z_GIS Hellbrunnerstr. 34 Salzburg Austria - Jul 4 - 7, 2017
2017 Esri Education GIS Conf, July 8 - 11, 2017, Marriott Marquis & Marina, at Marriott Marquis & Marina San Diego CA - Jul 8 - 11, 2017
University of Denver GIS Masters Degree Online
Teledyne:
ESRI 2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy