"I have enjoyed my role in helping to establish GeoEye's industry leadership position. My decision to pursue other challenges was not an easy one," Puckorius said. "But I feel strongly that GeoEye is well positioned in this marketplace. I remain committed to helping it attain its ultimate success."
Puckorius successfully served in many different management positions and was instrumental in helping the company successfully complete its financial restructuring in 2003, the award of its $500 million Pentagon NextView contract in 2004 and the refinancing of its debt in 2005.
"Timothy has played an important role in launching GeoEye as the market leader," said Bill Schuster, GeoEye's Chief Operating Officer. "We benefited from his 22 years of vital domain experience, industry knowledge and an unmatched network of international contacts," Schuster added. "We are very appreciative of his contributions to GeoEye and look forward to both his future success in new endeavors and to our continued association. The transition to Paolo should be seamless to our customers."
Colombi joined GeoEye in March of this year as the second in command of the International Business Unit. He has over 25 years of experience in sales, operations and international management in high-technology and telecommunications systems and services. Colombi has lived in Italy, France, and Mexico and is fluent in four languages. He holds a Doctoral Degree in Electrical Engineering from the Polytechnic Institute of Turin (Italy), a Master of International Management degree from the
Headquartered in Dulles, Va., GeoEye is the world's largest commercial satellite imagery company, delivering the highest-quality, most accurate imagery and products to better map, measure, monitor and manage the world. GeoEye was formed as a result of ORBIMAGE's acquisition of Space Imaging in January 2006. The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates a constellation of three Earth imaging satellites -- OrbView-2, OrbView-3 and IKONOS -- and possesses an international network of more than a dozen regional ground stations, a robust image archive, and advanced geospatial imagery processing capabilities that are unmatched in the satellite imagery industry. Its products are the cornerstone of the remote-sensing industry enabling a wide array of applications including intelligence gathering for national security and defense, mapping, local government planning, and natural resources and environmental monitoring. The company maintains a comprehensive Quality Management System (QMS) and has achieved corporate-wide ISO accreditation. For more information, visit 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. ORBIMAGE'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, www.sec.gov, or by contacting: William L. Warren, Vice President, General Counsel and Corporate Secretary, at 703-480-5672.
Web site: http://www.geoeye.com/