Mitsubishi Corporation's Subsidiary, Japan Space Imaging Corporation, Will Have Access To World's Highest Resolution Commercial Earth Imaging Satellite with Half-Meter Ground Resolution
"GeoEye is delighted to be extending its 10-year business relationship with Mitsubishi Corporation to the next generation of high-resolution commercial imaging systems," said Matthew O'Connell, GeoEye's chief executive officer and president, "Our long-standing IKONOS partnership with Mitsubishi Corporation and JSI gives us great confidence in their ability to successfully develop the commercial and government markets for GeoEye-1 in the region."
Paolo Colombi, GeoEye's vice president of International Sales, added, "We are very pleased that JSI will now be able to task, download, process, store and distribute imagery from GeoEye-1. Over the course of nine years of IKONOS imagery sales, we have seen continual growth in demand worldwide for high resolution geospatial information. This new state-of-the-art regional operations center will be instrumental in supplying that growing demand."
Markets that will benefit from the industry-leading quality and accuracy of the GeoEye-1 satellite include mapping, environmental monitoring, urban planning, telecommunications, national security, infrastructure planning, disaster assessment, agriculture and forestry.
"We are very glad to enhance JSI's pioneering imagery service with GeoEye-1, the highest resolution commercial earth observation satellite in the world," said Masato Nagase, Deputy Division COO of Mitsubishi Corporation's Ship, Aerospace and Transportation Systems Division, "Given JSI's expertise and experiences through IKONOS and our 10-year relationship with GeoEye, I believe JSI can quickly start the GeoEye-1 operations that will provide the most competitive premier quality services to our customers in the Japanese marketplace."
Designed to take highly precise images of the Earth from 425 miles (684 kilometers) in space, the 4,310 pound satellite will collect imagery that can distinguish objects on the Earth's surface as small as 0.41-meter or about 16 inches in size. The GeoEye-1 satellite also provides 1.65-meter resolution multispectral imagery. Through a proprietary production capability, customers will have access to color imagery at the .41-meter resolution, which no other commercial imaging company will be able to match. However, due to current US government licensing regulations, non-U.S. government customers such as JSI will have access to GeoEye-1 imagery that has been re-sampled to half-meter resolution.
GeoEye is the premier provider of geospatial information, imagery and solutions for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. GeoEye operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced geospatial imagery processing capabilities. GeoEye-1 will be launched in the coming months from Vandenberg Air Force Base in California. GeoEye-1 will be the world's highest resolution and most accurate commercial imaging satellite. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. GeoEye provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. Headquartered in Dulles, Virginia, GeoEye maintains a comprehensive Quality Management System (QMS), and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com.
About Mitsubishi Corporation
Mitsubishi Corporation (MC) is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, MC employs a multinational workforce of approximately 54,000 people. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise. In space and defense industries, MC through its Ship, Aerospace & Transportation Systems Division provides government users and system integrators with high quality services in marketing, logistics and financing in various stages of national-scale projects. For more information, visit http://www.mitsubishicorp.com/en/.
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. 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//