GeoEye-1 Earth-Imaging Satellite Begins Final Launch Preparations
Bill Schuster, GeoEye's chief operating officer said, "Our launch next month marks the culmination of a great deal of dedication by an extraordinarily talented team. We will soon be able to make available to the U.S. Government and others worldwide the best quality commercial imagery on the market. GeoEye-1, once launched and operational, will further demonstrate the viability of the commercial imagery industry and our ability to provide our key customers the imagery needed to meet critical mission requirements."
"Our Gilbert team has worked diligently with GeoEye to prepare GeoEye-1 for service, and it is rewarding to see these efforts coming to fruition," said David Shingledecker, vice president and general manager of Integrated Space Systems, General Dynamics Advanced Information Systems. "We look forward to leveraging the successful capabilities of this system in future developments for GeoEye and other government customers."
GeoEye-1 will have the highest resolution of any commercial imaging system -- 0.41-meters or 16 inches for panchromatic (black and white) imagery and multispectral (color) imagery at 1.65-meter resolution. However, due to U.S. Government licensing restrictions, commercial customers will have access to imagery at half-meter ground resolution. The satellite is designed to offer three-meter accuracy, which means that end users can map natural and man-made features to within three meters of their actual locations on the surface of the Earth without ground control points. GeoEye-1 was financed in part by GeoEye's approximate $500-million contract with the National Geospatial-Intelligence Agency (NGA).
"The three specifications the NGA desires most are spatial resolution, geolocation accuracy and large-area coverage," said Cyndi Wright, NGA's NextView program manager. "As a mission partner, we believe GeoEye-1 will fulfill these requirements for NGA by providing highly accurate, extremely detailed Earth imagery for broad area coverage and updating geospatial foundational layers and mapping databases."
The main command and control facility for GeoEye-1 is at the company's headquarters in Dulles, Virginia. A back-up command and control site is located at the company's operations site in Thornton, Colorado near Denver. Three other ground stations will be operated or leased by GeoEye in Alaska, Norway and Antarctica for a total of four key ground stations. GeoEye will need multiple sources for primary data reception since the combined daily collection capacity for both the IKONOS and GeoEye-1 satellites will be nearly one million square kilometers. This also allows GeoEye-1 to be in contact with a station about 40 times each day to receive commands and offload the imagery collected on previous orbits.
For more information about the launch of the GeoEye-1 satellite on August 22, 2008, please visit: http://launch.geoeye.com. To receive timely, ongoing details about the development of GeoEye-1 products and services, sign up at http://launch.geoeye.com/LaunchSite/news/signup.aspx.
GeoEye is the premier provider of geospatial information for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. The Company is recognized as the industry's trusted imagery expert for delivering reliable service and the exceptional quality of its imagery products and solutions. It operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced imagery processing capabilities for developing innovative geospatial products and solutions. The Company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. 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. 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.