johnsyn
12 years ago
DigitalGlobe and GeoEye Complete Combination
By Market Wire, January 31, 2013, 04:05:00 PM EDT
LONGMONT, CO -- (Marketwire) -- 01/31/13 -- DigitalGlobe, Inc. (NYSE:DGI) ("DigitalGlobe") and GeoEye, Inc. (NASDAQ:GEOY) ("GeoEye"), today announced the completion of their combination, creating a global leader in earth imagery and geospatial analysis. The combined company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI. Based on the closing price of DigitalGlobe stock on January 30, 2013, the combined company has a market capitalization of $2.1 billion.
"With a stronger financial profile, more robust suite of services, and among the world's most advanced geospatial production and analysis capabilities, we will be even better positioned to meet customers' needs and create value for shareowners," said Jeffrey R. Tarr, President and Chief Executive Officer of DigitalGlobe. "Together, we are poised to achieve our vision of being the leading source of information about our changing planet."
As a result of the combination, DigitalGlobe is now uniquely positioned to provide a wider array of earth imagery and geospatial analysis to help customers solve their most complex problems and compete in a high-growth and dynamic global market. Together, the combined company will have:
An expanded global presence with a larger and more diverse revenue base;
A larger constellation with optimized orbits, coordinated scheduling and improved revisit rates;
Better integrated imagery collection, processing and analytics capabilities; and
A strengthened balance sheet and financial profile with more than an expected $1.5 billion in net present value of operating expense and capital synergies, with approximately one-third of those synergy savings related to operating expense and the balance from capital savings.
Mr. Tarr continued, "We have a deep bench of talented and experienced team members from both GeoEye and DigitalGlobe, and I am confident that, together, we will continue to raise the bar for innovation and service in our industry. I look forward to working closely with our Board of Directors, our leadership and all of our team members to ensure a seamless transition for our customers worldwide."
In connection with the combination with GeoEye, DigitalGlobe has entered into new senior secured credit facilities in the aggregate amount of $700 million. The facilities consist of a term loan facility of $550 million and a revolving credit facility of $150 million. The Company has borrowed the full amount of the term loan facility to fund the combination with GeoEye and to refinance certain existing indebtedness of GeoEye and DigitalGlobe. The revolving credit facility remains undrawn at closing.
Borrowings under the term loan facility will bear interest at an amount equal to the adjusted LIBOR rate plus 2.75%, with a step-down to the adjusted LIBOR rate plus 2.50% if the Company's leverage ratio is equal to or less than 2.50:1.00. The credit agreement contains affirmative and negative covenants that the Company believes are usual and customary for a senior secured credit agreement. The credit agreement also requires the Company to maintain a maximum leverage ratio and a minimum interest coverage ratio.
Also in connection with the combination, GeoEye, discharged and called for redemption all of GeoEye's 75 outstanding 9.625% Senior Secured Notes due 2015 and 8.625% Senior Secured Notes due 2016.
DigitalGlobe expects to announce fourth quarter 2012 and full year 2012 earnings on February 26, 2013, and intends to provide full-year 2013 financial guidance at that time.
johnsyn
12 years ago
GeoEye, Inc. Announces Record Date and Meeting Date for Special Meeting of Stockholders
HERNDON, Va., Oct. 31, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced today that it has established a record date and a meeting date for a special meeting of its stockholders to consider and vote upon, among other things, the proposal to adopt the previously announced Agreement and Plan of Merger, dated as of July 22, 2012, as amended, and as may be further amended (the "Merger Agreement") by and among GeoEye, Inc.; DigitalGlobe, Inc. ("DigitalGlobe"); 20/20 Acquisition, Inc. and WorldView, LLC, and approve the transactions contemplated thereby.
GeoEye stockholders of record at the close of business on Monday, Oct. 29, 2012, will be entitled to notice of the special meeting and to vote at the special meeting. The special meeting will be held on Monday, Dec. 3, 2012, at 11:00 a.m., at GeoEye's headquarters located at 2325 Dulles Corner Boulevard, 10th Floor, Herndon, Virginia 20171.
johnsyn
12 years ago
GeoEye Delivers Additional Web Hosting Service Networks to U.S. Government
HERNDON, Va., Oct. 9, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced the delivery of new capabilities to the National Geospatial-Intelligence Agency (NGA). GeoEye's EnhancedView Web Hosting Service (WHS) is now connected to additional government networks. This new capability will provide warfighters and intelligence analysts around the world easy access to unclassified, high-resolution Earth imagery through classified and unclassified U.S. government networks.
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
The EnhancedView WHS provides users with online access to GeoEye and third-party Earth imagery processed into highly precise foundation geospatial intelligence (GEOINT) and base maps. The EnhancedView WHS has been operating on the Internet since May 2011. This important upgrade will allow users to access this valuable service through their preferred customer networks or access points. As new imagery is collected, it will be immediately updated and disseminated to users through intuitive Web map interfaces. Users can also access identical imagery through Open Geospatial Consortium (OGC) compliant applications such as Esri's ArcGIS, Google Earth and certain government portals. Users now automatically receive electronic notification when new imagery is available over specific or broad areas of interest.
The additional delivery was on schedule and included NGA certification and accreditation. The new delivery activates a $750,000 additional monthly payment to GeoEye under the current terms of the EnhancedView Service Level Agreement (SLA).
"By enabling additional access to the EnhancedView WHS, GeoEye can help warfighters, analysts, and map producers gain more timely access to relevant GEOINT. This is a major step forward in supporting NGA's strategic vision and mission objectives," said Chris Incardona, GeoEye's senior director, Government Programs, NGA.
The EnhancedView WHS is powered by GeoEye's online access platform, EyeQ™. EyeQ enables thousands of concurrent users to easily access and download hundreds of terabytes of high-resolution imagery.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts, who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 740 employees worldwide. Learn more 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012. 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
12 years ago
DigitalGlobe and GeoEye Agree to Combine to Create a Global Leader in Earth Imagery and Geospatial Analysis
Increased Scale and Customer Diversification Positions Company for Future Growth
Delivers More Than $1.5 Billion in Primarily Capital-Related Synergy Savings
Provides U.S. Government With Compelling Solution in Budget-Constrained Environment
Complementary Capabilities Deliver Increased Value and More Complete Geospatial Solutions to All Customers
Enhanced Financial Strength Delivers Benefits to All Stakeholders
LONGMONT, CO and HERNDON, VA -- (Marketwire) -- 07/23/12 -- DigitalGlobe, Inc. (NYSE: DGI) and GeoEye, Inc. (NASDAQ: GEOY), today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in a stock and cash transaction valued at approximately $900 million. The combination of DigitalGlobe and GeoEye will create a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a superior financial foundation and significant growth potential.
Under the terms of the agreement, GeoEye shareowners will have the right to elect either 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash, 100% of the consideration in cash ($20.27) or 100% of the consideration in stock (1.425 shares of DigitalGlobe common stock), for each share of GeoEye stock they own, with the amount of cash and stock subject to proration depending upon the elections of GeoEye shareholders, such that aggregate consideration mix reflects the ratio of 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash. Based upon the closing prices of DigitalGlobe and GeoEye as of July 20, 2012, the transaction delivers a premium of 34% to GeoEye'sJuly 20, 2012 closing price of $15.17 per share. Upon completion of the transaction, DigitalGlobe shareowners are expected to own approximately 64% and GeoEye shareowners are expected to own approximately 36% of the combined company. The transaction structure will allow both DigitalGlobe and GeoEye shareowners to participate in the substantial value creation opportunity resulting from this combination.
The combined company will be named DigitalGlobe and continue to trade on the NYSE under the symbol DGI. It will have a 10-member board of directors, with six initial members from the current DigitalGlobe board and four initial members from the board of GeoEye. Jeffrey R. Tarr, President and Chief Executive Officer of DigitalGlobe, will serve as President and Chief Executive Officer of the combined company, and General Howell M. Estes III, Chairman of the Board of DigitalGlobe, will serve as Chairman. It is anticipated that, after close, Matt O'Connell, Chief Executive Officer and President of GeoEye, will assist the management of the combined company in an advisory capacity. The company will be headquartered in Colorado, have a large and important presence in Missouri and Virginia, and maintain offices in other locations around the globe.
"The combination of DigitalGlobe and GeoEye creates a global leader in earth imagery and geospatial analysis," said Mr. Tarr. "Together we will create a more efficient, more diversified and more capable company, better positioned to thrive in a time of unprecedented pressure on our nation's defense budget. Once the merger is complete, we will emerge as an industry-leading, geospatial information business that does even more to help our customers better understand our changing planet. In so doing, we will further enable our customers to save time, save money and save lives."
Mr. Tarr continued, "Bringing together the world-class talent and experience of team members from both companies, we will inspire a new wave of innovation and create value for shareowners who have invested their capital in the promise of our industry."
"We are excited to be joining forces with DigitalGlobe as we believe this transaction represents the best path forward for our shareowners, our customers, and ultimately, the taxpayer," said Matt O'Connell, Chief Executive Officer and President of GeoEye. "With an impressive constellation of commercial earth imaging satellites and complementary services, the combined company will be well positioned to achieve efficient growth, expand our international reach and create value for all stakeholders. Given the stock component, our shareowners will have the opportunity to participate in the significant growth and value creation potential. I look forward to working closely with the management teams of both companies to support this transaction and establish the foundation for what will be a dynamic and enduring company."
Benefits of the Transaction
Increased Scale and Customer Diversification
The combined company will conservatively have a pro forma 2012 revenue base of more than $600 million, after adjusting for the currently proposed lower U.S. government fiscal year 2013 EnhancedView funding plan. As a result, the combined company would therefore have better revenue certainty, lower dependence on the U.S. government as a source of revenue, a higher percentage of commercial and international revenue, and be well positioned for future growth.
Substantial Synergy
At close, the combined company is expected to have a constellation of five earth observation satellites and a broad suite of high-value geospatial production and analytic services. The combined company will also have two state-of-the-art satellites under construction, WorldView-3 and GeoEye-2. Over time, the combined company plans to maintain an optimized three-satellite constellation that will meet the needs of the U.S. government, international governments and commercial customers, while delivering better returns to shareowners. Taken together with other operating efficiencies, the net present value of future savings is estimated to be more than $1.5 billion.
Compelling Solution for U.S. Government
By bringing the two companies together, this combination will enable the U.S. government to meet the requirements of the EnhancedView program at substantial savings to the U.S. taxpayer. In addition to the compelling savings, the U.S. government and other customers will benefit from an optimized constellation and better integrated imagery collection, processing and analytics. In return, shareowners should reasonably expect a more stable and predictable funding environment.
Value for All Customers
The combination will deliver extraordinary value to customers around the globe. By bringing together the imagery collection, processing and analytic capabilities of both companies, it will be better able to serve a wide range of customer needs and compete in a high-growth and dynamic global market.
Larger constellation with optimized orbits and coordinated scheduling will collect imagery faster, increase persistence and enhance resilience.
Integrated delivery will simplify access to the industry's largest imagery archive.
Diverse sensors, including panchromatic, multi-spectral, 8-band and short wave infrared, with high resolution capability will enable customers to solve a wide range of problems.
Extensive archive and collection capacity combined with value added production and advanced analytics will enable new solutions and insights into our changing planet.
Compelling Economics
On a pro forma basis, the combined company will have a robust set of financial attributes and expects to significantly improve its long-term operating model compared with either company on a standalone basis.
High recurring revenue with more than $3 billion in contracted backlog.
More balanced revenue with non-U.S. government revenue accounting for approximately 50% of total pro forma revenue.
Modest leverage with balance sheet flexibility for future investment in growth.
Expected EBITDA margin above 50% by the second half of 2014, net of integration costs.
Improved free cash flow profile from operating and capital efficiencies and enhanced growth prospects.
Financing and Approvals
DigitalGlobe has secured a $1.2 billion fully committed financing from Morgan Stanley Senior Funding, Inc. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. to refinance the combined company's outstanding debt.
The transaction, which is expected to be completed in the fourth quarter of 2012 or the first quarter of 2013, is subject to the satisfaction of customary closing conditions, including the receipt of requisite regulatory approvals and approval from GeoEye shareowners with respect to the merger and from DigitalGlobe shareowners with respect to the issuance of DigitalGlobe common stock in the merger. GeoEye's largest shareowner, Cerberus Capital Management, L.P. ("Cerberus"), and its Chairman and CEO each have agreed to vote in favor of the merger, and DigitalGlobe's largest shareowner, Morgan Stanley Principal Investments, Inc., and its Chairman and CEO each have agreed to vote in favor of the issuance of DigitalGlobe common stock in the merger.
Cerberus intends to continue its investment in the combined company, and may purchase shares of DigitalGlobe in advance of the closing of the transaction. Cerberus has agreed to vote those shares with the board of directors and has entered into a standstill agreement with DigitalGlobe in which their ownership in the combined company will be capped at 19.9%. One of GeoEye's board designees will be put forth by Cerberus.
Conference Call and Webcast
DigitalGlobe and GeoEye will host a conference call to discuss the transaction beginning at 8:30 a.m. Eastern Time on Monday, July 23, 2012. The conference call may be accessed by calling 866-831-6247 (international 617-213-8856) and entering passcode 47314581. The slides for the presentation, as well as a live webcast, can be accessed at the Investor Relations section of DigitalGlobe's and GeoEye's websites at http://investor.digitalglobe.com and http://geoy.client.shareholder.com, respectively. An online replay will be available shortly after the call.
Morgan Stanley & Co. LLC and Barclays are serving as DigitalGlobe's financial advisors, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as DigitalGlobe's legal counsel. Goldman, Sachs & Company, Convergence Advisers LLC and Stone Key Partners LLC are serving as GeoEye's financial advisors and Latham & Watkins LLP and Kirkland & Ellis LLP are serving as GeoEye's legal counsel.
About DigitalGlobe
DigitalGlobe is a leading global provider of commercial high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology. With our collection sources and comprehensive ImageLibrary (containing more than two billion square kilometers of earth imagery and imagery products) we offer a range of on- and off-line products and services designed to enable customers to easily access and integrate our imagery into their business operations and applications. For more information, visit www.DigitalGlobe.com.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts, who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 740 employees worldwide. Learn more at www.geoeye.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
DigitalGlobe Forward-Looking Statement
This document may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or future financial performance and generally can be identified by the use of terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words, although not all forward-looking statements contain these words.
This document contains forward-looking statements relating to the proposed strategic combination of DigitalGlobe and GeoEye pursuant to a merger. All statements, other than historical facts, including statements regarding the expected timing of the closing of the transaction; the ability of the parties to complete the transaction considering the various closing conditions; the expected benefits of the transaction such as efficiencies, cost savings, tax benefits, enhanced revenues and cash flow, growth potential, market profile and financial strength; the competitive ability and position of the combined company; and any assumptions underlying any of the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, that (1) one or more closing conditions to the transaction may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction or that the required approvals by DigitalGlobe and GeoEye stockholders may not be obtained; (2) there may be a material adverse change of GeoEye or the business of GeoEye may suffer as a result of uncertainty surrounding the transaction; (3) the anticipated benefits of the transaction may not be fully realized or may take longer to realize than expected; (4) the costs or challenges related to the integration of DigitalGlobe and GeoEye operations could be greater than expected; (5) the ability of the combined company to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; (6) the impact of legislative, regulatory, competitive and technological changes; (7) the risk that the credit ratings of the combined company may be different from what the companies expect; (8) other business effects, including the effects of industry, economic or political conditions outside of the companies' control, transaction costs and actual or contingent liabilities; (9) the outcome of any legal proceedings related to the transaction; and (10) other risk factors as detailed from time to time in DigitalGlobe's and GeoEye's reports filed with the Securities and Exchange Commission ("SEC"), including their respective Annual Reports on Form 10-K for the year ended December 31, 2011 and Quarterly Reports on Form 10-Q for the quarter ended March 31, 2012, which are available on the SEC's Web site (www.sec.gov). There can be no assurance that the strategic combination will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the strategic combination will be realized.
Neither DigitalGlobe nor GeoEye undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
johnsyn
12 years ago
GeoEye Receives $111 Million Cost-Share Payment from the NGA
— First Payment Received for Construction of GeoEye-2 Satellite Due to Launch Next Year —
HERNDON, Va., June 28, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced the receipt of a $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA). In early June, the company successfully passed a major milestone in their GeoEye-2 satellite's development as part of the NGA's EnhancedView program, triggering this cost-share payment.
GeoEye's Chief Executive Officer Matt O'Connell said, "In passing this critical milestone and receiving the $111 million cost-share payment, GeoEye has once again demonstrated its technical leadership and its ability to meet the U.S. government's stringent EnhancedView program requirements, on time and on budget. Most importantly, GeoEye-2 will provide our warfighters with exceptional, unclassified imagery on a daily basis, anytime and anywhere in the world."
When operational in 2013, GeoEye-2 will provide cost-effective, shareable imagery for the U.S. government and its many other customers, which is particularly important during times of global crisis. GeoEye-2 will set new standards with collection capabilities, accuracy and resolution exceeding that of the company's closest competitors. Collecting at 34-centimeter resolution, GeoEye-2 will be an important long-term security asset for the DoD, intelligence and other U.S. government agencies.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts, who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the period ended March 31, 2012, which we filed with the SEC on May 4, 2012. 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
12 years ago
GeoEye Expands Tampa Office to Address the U.S. Military's Growing Demand for Geospatial Predictive Analytics
Today : Wednesday 13 June 2012
GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced the expansion of its Tampa office to support the growing demand for its services across the U.S. military. This growing presence builds on the tremendous success GeoEye customers have had using its advanced analytic assessments to discover geospatial patterns that allow our warfighters and allies to find and thwart adversaries around the globe.
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
Tampa is the headquarters for the United States Special Operations and Central Commands and home to other U.S. military organizations. In addition to supporting its U.S. military customers there, GeoEye considers Tampa to be an attractive area to recruit data scientists, geospatial analysts and other technical talent motivated to safeguard our most pressing national security interests.
The office in Tampa is one component of a virtual analytics center of excellence that will aggregate and analyze unclassified imagery and open source data to predict areas where threats are more likely to emerge across Africa, Asia and other parts of the world. Using these resources GeoEye Analytics recently analyzed patterns of the Lord's Resistance Army (LRA) in Central Africa identifying its operating behavior and area preferences which predicted areas of concern that matched where key LRA leadership was recently apprehended.
Matt O'Connell, GeoEye's chief executive officer and president, commented, "GeoEye Analytics has become a critical part of our business. Last year, our analytics team brought GeoEye two of its top 10 customers. We've seen a steady increase in the demand for geospatial analytical support to intelligence agencies and Combatant commands who manage global threats. We think this demand is defined in the Defense Budget guidance that reflects a growing need for our solutions. Building and deepening analytic expertise has also been noted as a top priority by our intelligence customers."
Alex Dunmire, senior program manager of the Tampa office, added, "We combine earth imagery, geospatial expertise, and enabling technology to help intelligence analysts, military planners and law enforcement personnel who need a deep understanding of our changing world to protect lives and make confident resource allocation decisions. Our predictive analytics capability has clearly made a difference for our clients and we're looking forward to new opportunities to contribute to our Nation's public safety and national security requirements."
About GeoEyeGeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the period ended March 31, 2012, which we filed with the SEC on May 4, 2012. 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
12 years ago
GeoEye Completes Critical Milestone for the EnhancedView Program
Company to Receive Cost-Share Payment of $111 Million for GeoEye-2 Satellite from the National Geospatial-Intelligence Agency
HERNDON, Va., June 6, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading provider of geospatial information and insight, announced that it has successfully passed a major milestone for the development of the GeoEye-2 satellite under the EnhancedView program. GeoEye's completion of this milestone triggers the $111 million cost-share payment from the National Geospatial-Intelligence Agency (NGA). This critical milestone demonstrates the company's capabilities to meet all of the U.S. government's EnhancedView program requirements, on time and under this firm-fixed-price contract.
(Photo: http://photos.prnewswire.com/prnh/20120606/LA20405)
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
Matt O'Connell, GeoEye's CEO and president, said, "This is a terrific achievement by our team and a great confirmation of our strong partnership with the NGA, especially during these uncertain economic times. We look forward to providing the NGA with the highest resolution color imagery from GeoEye-2, which will be an important long-term security asset to the DoD and the intelligence agencies of the United States."
"GeoEye-2, designed and built by Lockheed Martin Space Systems, includes market-leading technology features, such as robust tasking capabilities, faster imagery collection rates and a new state-of-the-art, ITT Exelis Geospatial Systems camera," said Carl Alleyne, GeoEye's vice president of Engineering.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
To view the GeoEye-2 launch site, log onto: http://launch.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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the period ended March 31, 2012, which we filed with the SEC on May 4, 2012. 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
12 years ago
Geostellar Raises Funds to Help Turn Energy Consumers Into ProducersPrint.8:03 AM 6/5/2012 - Business Wire
Investment From NRG Energy, GeoEye, and Flash Forward Ventures Will Fund Roll-out to Major Solar Energy Markets
BETHESDA, Md.--(BUSINESS WIRE)--Jun. 5, 2012-- Geostellar, providers of advanced geomatic technology to accurately determine the value of solar energy generation for property owners, today announced an investment from strategic, financial and economic development sources including NRG Energy, Inc. (NYSE: NRG), GeoEye, Inc. (NASDAQ: GEOY), the State of Maryland and Flash Forward Ventures. The funding will accelerate the delivery of Geostellar’s solar intelligence to homeowners and corporate facility managers who, for the first time, can easily evaluate the rate of return for on-site solar energy investments.
“In the past, the solar equation was too complicated,” said David Levine, CEO of Geostellar. “We’ve simplified the operations that go into evaluating opportunities for solar energy, calculating the precise metrics that enable property owners to make informed decisions without the hassle.”
The site assessment, system design and financial analysis processes for solar projects have traditionally been performed on an individual basis, placing a heavy burden on property owners. Geostellar optimizes a number of these processes through automation, including:
Determining the slope and orientation of a rooftop or ground site
Estimating the impact of shading from vegetation, structures and landscape on solar radiation
Modeling power production based on site geometry and shading, as well as possible equipment configurations
Applying utility rates and available incentives to determine solar cost savings
Underwriting financing options such as leases, power purchase agreements and loans
Securing permits and rebates from local authorities
Through its proprietary predictive algorithms, Geostellar allows site owners in active solar markets to easily determine key project factors including rate of return, potential electricity savings and environmental benefits. Using 3D simulation, Geostellar can model solar production and financial performance for the potential project site. The result is an accurate assessment of solar value for each property, including unbiased recommendations on equipment, financing and installation options. To extend coverage nationally, Geostellar will source remote sensing data from strategic investor GeoEye.
“Geostellar represents an opportunity for residential and commercial property owners to take control of their energy management, including generation, efficiency and storage,” said Denise Wilson, Executive Vice President of NRG Energy and President, Alternative Energy Services. “Educating and informing the public on the solar value of their properties is an important first step in creating a thriving market for clean, green and renewable energy solutions.”
Ms. Wilson and Richard Vague, Co-founder and former CEO of EnergyPlus, will join Jonathan Baker, Co-founder and Chief Strategy Officer of HelioSage; Rob Miller, Chairman and Managing Director of Flash Forward Ventures; and Mr. Levine on the Geostellar Board of Directors. Tony Frazier, Senior Vice President of Marketing from GeoEye, will participate as a Board Observer.
“In recent years, Geostellar has served leading solar companies by reducing origination costs and creating operational efficiencies through big-data geomatics,” Levine said. “We now have the opportunity to reach the property owners that can most benefit from solar and introduce them to the goods and services that will allow them to lower their electricity bills while contributing to environmental sustainability.”
About Geostellar
By reducing the soft costs associated with solar energy projects, Geostellar brings distributed solar generation closer to grid parity and opens new markets across the United States. Through its proprietary predictive algorithms, the company offers access to the knowledge and guidance required for residential and commercial property owners to make smarter energy decisions and benefit from reduced electricity costs. For more information visit: http://www.geostellar.com, email info@geostellar.com, like us on
johnsyn
13 years ago
GeoEye Proposes Acquisition Of DigitalGlobe; Combination Creates Increased Value For Customers And Shareholders Geoeye, Inc. (MM) (NASDAQ:GEOY)
Today : Friday 4 May 2012
GeoEye Proposes Acquisition Of DigitalGlobe; Combination Creates Increased Value For Customers And Shareholders - SHAREHOLDER CALL SCHEDULED FOR 8:30 A.M. Eastern Time
HERNDON, Va., May 4, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, today announced that it is proposing to acquire DigitalGlobe, Inc. (NYSE: DGI).
(Logo: http://photos.prnewswire.com/prnh/20120504/NY01061LOGO)
The combined company would create the world's largest fleet of high resolution commercial imagery satellites. The new company would be well-positioned to meet the evolving needs of the U.S. government and other customers in this fiscally constrained environment. We will also continue to invest in new information, analytic services and the most technologically advanced commercial satellites for government and commercial customers around the world.
Matt O'Connell, chief executive officer and president of GeoEye, said, "This proposal delivers exceptional value for the combatant commanders, national decision makers, civil users and disaster relief workers, who have a critical need for unclassified commercial imagery. It also provides benefits for the taxpayer. It offers our Government a way to get the information it needs while still reducing its funding obligations. The synergies in the combination will also benefit the shareholders of both companies."
O'Connell continued, "In the face of significant pressure on the U.S. defense budget and intensifying international competition, a combined company will be better positioned to provide the U.S. government with the time-sensitive geospatial intelligence that is needed to support its mission in a very cost-effective manner during these fiscally conservative times. The government is looking to its providers for innovative solutions, and we believe this is the best option to achieve that."
The proposed transaction would give DigitalGlobe shareholders $17.00 per share in total consideration, payable $8.50 per share in cash and $8.50 in GeoEye stock, or 0.3537 shares of GeoEye stock for each share of DigitalGlobe stock. This price represents a 26% premium to DigitalGlobe's closing share price on May 3, 2012. The proposal is structured to provide DigitalGlobe shareholders with the opportunity to participate in the dynamic future growth of the combined company.
The following is a copy of a letter that GeoEye sent to DigitalGlobe with respect to its proposal:
May 4, 2012
Jeffrey R. TarrPresident and Chief Executive OfficerDigitalGlobe, Inc.1601 Dry Creek Drive, Ste. 260Longmont, CO 80503
Dear Jeff:
During the past few months, we have discussed with you a combination of GeoEye and DigitalGlobe. We both appreciate that a combination of our two companies results in greater capability to meet national security needs, is more cost effective to the government during this fiscally constrained period, and provides improved value to decision-makers and warfighters.
The considerable scale of the combined entity creates a strong domestic player in satellite imagery which could compete more effectively with foreign providers. The combination also allows for operating expense synergies and reduced capital requirements while better satisfying customer needs. Your letter from March 2, 2012 conveys this same sentiment:
"…we do agree that a well-managed combined company would enjoy material scale and scope benefits in addition to significant cost savings and would be well positioned to meet the needs of the US Government and other customers."
We both acknowledge that there have been rumors and speculation regarding cuts. Given this uncertain political and fiscal climate, we believe it is in our mutual interest to provide our customers with creative solutions to problems rather than passively speculate on one or another outcome.
To that end, we propose that GeoEye acquire DigitalGlobe in a friendly transaction whereby DigitalGlobe shareholders would receive $17.00 per share in total consideration. Such consideration will be payable as $8.50 per share in cash and $8.50 in GeoEye stock (DigitalGlobe shareholders would receive 0.3537 shares of GeoEye stock for each share of DigitalGlobe owned). This price represents a 26% premium to DigitalGlobe's closing share price on May 3, 2012. In addition, our Board of Directors would consider restructuring our proposal to increase the cash consideration up to 100% of the purchase price or, in the alternative, reducing the cash consideration and increasing the stock portion of our offer.
Given our financial strength and longstanding supportive banking relationships, we are highly confident that financing will not represent an impediment to the consummation of the proposed transaction. To provide further certainty to the DigitalGlobe Board of Directors, we have been advised that affiliates of Cerberus Capital Management, L.P., our largest shareholder, are prepared to contribute substantial capital in support of our proposed transaction.
We believe that your shareholders and your Board will agree that this is a compelling proposal.
Our Board has authorized this proposal. We are prepared to move quickly to execute a mutually acceptable definitive agreement. Our offer is subject to satisfactory due diligence, the receipt of U.S. Government approvals, and final Board and shareholder approvals.
We have already undertaken extensive due diligence on DigitalGlobe's public filings and are now prepared to undertake a mutual detailed due diligence review at your earliest convenience. We believe that with your cooperation, we can complete this detailed due diligence and execute a definitive agreement promptly.
Finally, it is our view that a combination of our companies would have no significant contingencies and that this transaction will be promptly consummated. Our counsel, with the assistance of a highly regarded economist, has undertaken a preliminary review of antitrust and international competition issues attendant to the proposed combination, and believe that, with U.S. Government customer support, the transaction will not involve undue delay. We understand from your communications to us that you and your advisors agree.
We have engaged Goldman, Sachs & Company, Convergence Advisors LLC and Latham & Watkins LLP to advise us in this transaction.
We look forward to a response to this letter and sincerely hope that we may move forward to a negotiated transaction.
Sincerely,
Matthew M. O'Connell
CC: DigitalGlobe Board of Directors
CONFERENCE CALL INFORMATION
GeoEye, Inc. (NASDAQ: GEOY) will host a conference call for investors and analysts.
When: Friday, May 4, 2012, at 8:30 a.m. Eastern Daylight Time
To Participate: To participate in the call via phone, domestic callers may dial toll-free at (877) 776-4039 and international callers may dial (631) 291-4808 approximately 10 minutes prior to the start time. Callers may identify themselves to the operator as GeoEye conference call participants or by using the conference ID: 62701899. Questions will be accepted from phone participants during the live call after prepared remarks and as time permits.
The conference call will also be webcast on the "Investor Relations" section of the company's corporate Web site, www.geoeye.com. To directly access the live webcast go to: http://geoy.client.shareholder.com/events.cfm and click on the "May 4, 2012 Investor Update Webcast" link. Please allow 15 minutes before the scheduled start time to register, download and install any necessary audio software.
Replay: An audio replay of the conference call will be available through midnight May 18, 2012, by dialing (855) 859-2056 and typing in the conference ID number: 62701899.
An archived webcast of the conference call will be available at the same URL address approximately two hours after the conclusion of the call.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts, who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 700 employees worldwide. Learn more 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012. 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, nor there may be any sale of securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such state or jurisdiction.
Media:
Investor Relations:
Lauren Odell
Randy Scherago
Brunswick Group
(703) 480 6325
(212) 333 3810
scherago.randy@geoeye.com
SOURCE GeoEye, Inc.
johnsyn
13 years ago
Lockheed Martin Completes Key Integration Milestone On GeoEye's New Imaging Satellite, GeoEye-2
SUNNYVALE, Calif., May 1, 2012 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] announced today that it has successfully mated the spacecraft bus and the imaging payload for GeoEye's (NASDAQ: GEOY) next-generation, high-resolution imaging satellite, known as GeoEye-2.
Lockheed Martin Space Systems Company is developing GeoEye-2 under a fixed-price contract with GeoEye. Once operational, GeoEye-2 will be the world's highest resolution commercial satellite, providing highly accurate imagery to intelligence analysts, war fighters, and decisions makers across the globe. Lockheed Martin Commercial Launch Services will launch GeoEye-2 aboard an Atlas V rocket in 2013.
The GeoEye-2 bus is the structural foundation of the satellite. It includes an integrated propulsion system as well as other critical subsystems for communications, attitude control, thermal control, command and data handling.
The imaging payload for GeoEye-2 includes a telescope, sensor subsystem and outer barrel assembly. It has the potential to capture panchromatic ground sample distance imagery of the Earth's surface at 0.34-meter, or 13.38-inch, ground resolution from an altitude of 681 km.
"This key milestone paves the way for the team to begin system level environmental and acceptance testing in preparation for on-orbit operations in 2013," said Allen Anderson, GeoEye-2 program director for Lockheed Martin Space Systems Company. "We are on track to complete the remaining integration and test work on-schedule and look forward to the ultimate deployment of this cutting-edge satellite."
Carl Alleyne, GeoEye's vice president of Engineering, commented, "We have already met an array of important milestones for our GeoEye-2 satellite this year. We continue to forge ahead on our aggressive schedule while staying on time and on budget. GeoEye-2, with .34-meter resolution, will fully support all mission requirements and meet the U.S. government's exacting standards when operational in 2013."
The GeoEye-2 satellite will feature enhanced tasking capabilities, superior image quality and the ability to collect more imagery at a faster rate with a new ITT Exelis imaging system. When GeoEye-2 is completed, it will have the highest resolution and be the most accurate commercial satellite available in the global marketplace.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
Media Contacts:
Michaela Rubala, 408-742-3516; e-mail, michaela.rubala@lmco.com
Steve Tatum, 408-742-7531; e-mail, stephen.o.tatum@lmco.com
SOURCE Lockheed Martin
johnsyn
13 years ago
GeoEye and Rolta Form Strategic Partnership to Develop Advanced Geospatial Solutions for Global Markets
Innovative Solutions Will Target Defense and Commercial Users
AMSTERDAM, April 24, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced that it has signed a Memorandum of Understanding to partner with Rolta, a global, leading provider of innovative IT solutions. With this new partnership, Rolta gains access to GeoEye's high-resolution satellite imagery, services and expertise to develop innovative geospatial products and services. Rolta plans to offer these GeoEye-enabled solutions to its customers across high-growth global markets, beginning with India.
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
Today's military commanders working in digital battlefield environments need intelligent maps derived from geospatial data and map-accurate imagery to make effective command and control decisions in the field. Rolta is exploring opportunities to leverage GeoEye's imagery service and predictive analytics' expertise to develop defense and homeland security solutions served from its Geospatial Fusion Platform to help users see, understand and anticipate change when lives are at risk.
Preetha Pulusani, Rolta's chief strategy officer, said, "Rolta has been engaged in providing geospatial solutions for over two decades. Imagery plays a critical role - especially for defense and homeland security - to enable users to rapidly analyze change, visualize impacts and make informed decisions in the field in a timely manner. We are pleased to have the opportunity to work with GeoEye to provide our customers with tools and content to meet their most challenging needs."
Rolta also plans to develop intelligent 3-D city solutions for commercial users in urban planning, construction and infrastructure development. Ninety percent of the fastest-growing metropolitan economies are located outside North America and Western Europe and in regions such as Southern Asia. Rolta intends to offer these high-growth global markets financially accessible 3-D model solutions developed from GeoEye satellite imagery.
Tony Frazier, GeoEye's senior vice president of Marketing, said, "Geospatial intelligence has become crucial to decision making. We are excited about this partnership and believe that our world-class imagery, information service capabilities and expertise, coupled with Rolta's product development and IT services track record, will produce innovative geospatial solutions that deliver clear, deep and timely insights to global government and commercial users."
About Rolta
Rolta is a leading provider of innovative IT solutions for many vertical segments, including Utilities, Governments, Transportation, Process, Power, Banking and Insurance. These enterprise level solutions are built around Rolta's intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making. Rolta's solutions framework includes Geospatial FusionTM, a suite to integrate disparate spatial and business data; Rolta OneViewTM, a BI solution for operational excellence; and Rolta iPerspectiveTM, a unique platform for SOA and "Cloud" enablement. Rolta's intellectual property repository contains cutting-edge software for mapping and earth sciences, providing the foundation for Defense and Homeland Security solutions including C4ISTAR information systems, Military Communications, Digital Soldier, and Vehicle Systems. Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Rolta has a countrywide infrastructure and international subsidiaries across the globe. Forbes Global ranked Rolta amongst the "Best 200 under a Billion" four times in six years. The Company is listed on the Bombay Stock Exchange and National Stock Exchange in cash and F&O segment, and forms part of various indices on BSE/NSE. The Company's GDRs are listed on the Main Board of London Stock Exchange and its FCCBs are listed on the Singapore Stock Exchange.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the periods ended March 31, 2011, June 30, 2011, and Sept. 30, 2011, which we filed with the SEC on May 10, 2011, Aug. 2, 2011 and Nov. 1, 2011, 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
13 years ago
Pentagon "can manage" satellite imagery cuts
* Cuts were budget-driven
* New govt-owned satellites providing more imagery
* Companies aim to find other imagery customers
COLORADO SPRINGS, Colorado, 04:51 PM 04/20/12
By Andrea Shalal-Esa (Reuters) - Top U.S. military officials, grappling with proposed budget cuts for commercial satellite imagery, said new government-owned satellites, manned planes and other equipment can fill the gap.
"We believe we can manage that," said Air Force General Robert Kehler, commander of U.S. Strategic Command, which is responsible for U.S. operations in space and cyberspace, referring to a decision to cut funding for orders for imagery from GeoEye Inc and DigitalGlobe Inc .
Kehler said the decision was budget-driven, but also reflected a sharp increase in the imagery provided by the government's own satellites.
"A lot of that has to do with the increase in government-provided imagery which has gone up pretty dramatically with the recent launches," Kehler told Reuters after a speech to industry executives at a conference hosted by the Space Foundation.
The U.S. government has not provided any details on expected funding levels for imagery, since both the commercial imagery contracts and government-owned imagery satellites are part of the Pentagon and intelligence community's classified budgets.
However, industry sources said the Obama administration proposed cutting funding for the commercial imagery contacts to about $250 million from $540 million as part its budget proposal for fiscal 2013. The move is part of a broader plan to halve up to $7.3 billion in options included in the National Geospatial-Intelligence Agency's (NGA) separate contracts with the firms, they noted.
The recommendation, which must still be approved by Congress, has raised concerns among some military commanders, who use the commercial imagery for daily military operations, and industry executives, who note the companies raised money to build new satellites on the basis of the expected orders.
A sharp drop in U.S. government orders also raises questions about the long-term health of both imagery providers, for whom the government is the biggest customer, they said.
Shares of GeoEye and DigitalGlobe have dropped sharply on news of the proposed budget cuts, sparking speculation that one of the firms could exit the market or be taken over by a larger firm.
DigitalGlobe edged up 0.08 percent to close at $12.19 on the New York Stock Exchange, far below the 52-week high of $29.38 from May. GeoEye rose 0.8 percent to $22.56 on Nasdaq, less than half the 52-week high of $42.31 reached in July.
Greg Schulte, deputy assistant secretary of defense for space policy, said the decision to cut the commercial imagery funding had been difficult to make, especially given constantly increasing demand from military commanders.
But he said the need to cut projected defense spending by $487 billion over the next decade left officials little choice.
Asked about reported pushback against the decision by military commanders, Schulte noted that the overall level of imagery available to commanders would still increase given data being supplied by new government-owned satellites.
"They're still going to get more, despite the cut in commercial imagery," Schulte told Reuters at the conference.
DigitalGlobe Chief Executive Jeffery Tarr said his company provided four to five times more imagery than its competitor, and was achieving double-digit growth in non-U.S.-government orders by aggressively going after sales to other governments and commercial customers.
"Our view is ... that by delivering superior performance and value, we will over time be rewarded for delivering that value," he told Reuters in an interview at the conference.
Tarr said his company continued to project strong growth, despite reports of funding cuts.
Steve Wallach, senior vice president for national security at GeoEye, said demand for digital imagery remains strong, and the company is on track to supporting the U.S. government with its current satellite, GeoEye-1.
The company plans to launch its next satellite, GeoEye-2, being built by Lockheed Martin Corp , next year, he said, noting that GeoEye had the "highest resolution and highest accuracy commercial imagery satellites on orbit." "Clearly the nation has to address its deficits, but it should do so in a way that addresses the needs of the warfighter and disaster relief workers, as well as the taxpayer," he said.
(Reporting By Andrea Shalal-Esa; Editing by Richard Chang)
((andrea.shalal-esa@thomsonreuters.com)(202-321-7839))
johnsyn
13 years ago
Geostellar Teams with GeoEye to Map the Solar Power Potential of Every Rooftop in the United States
Geoeye, Inc. (MM) (NASDAQ:GEOY)
Today : Thursday 19 April 2012
GeoEye, Inc. (NASDAQ: GEOY), a leading provider of geospatial information and insight, today announced a strategic relationship with Geostellar, an innovative technology company that is transforming the solar energy industry. Under the terms of the agreement, GeoEye will supply high-quality Earth imagery, digital surface models and other mapping data to help Geostellar dramatically expand its service. GeoEye also intends to take a small equity position in the company.
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
Geostellar has built a breakthrough analytics platform that automatically determines how quickly a given property owner can recoup an investment in solar energy. The company's platform models roof slope, shadows, weather patterns, local utility rates and solar energy subsidies to automate what has historically been a highly manual process. Geostellar has built solar maps in Washington D.C., Boston, Indianapolis, Philadelphia, Pittsburgh and New Jersey, where government agencies have made aerial imagery freely available. Geostellar needed a strategic partner to help collect and process massive amounts of Earth imagery data to catalog the solar power potential of every commercial and residential property in the United States. GeoEye will become Geostellar's Earth imagery vendor of choice and apply image processing capabilities developed by GeoEye Analytics to provide the data required to develop solar maps for every key metropolitan market in the United States.
"GeoEye is constantly searching for ways Earth imagery and other forms of geospatial data can be utilized to deliver new levels of insight," said Tony Frazier, senior vice president of Marketing. "Geostellar is a terrific example of how geospatial analytics can help transform a multi-billion dollar industry. We are excited to combine imagery, expertise and enabling technology to help Geostellar achieve its vision."
"High quality, digital surface models and mapping data provide critical fuel to our engine," said David Levine, founder and CEO of Geostellar. "Our strategic relationship with GeoEye will help millions of residential and commercial property owners understand how quickly they can generate a return on investment by going solar."
"It is exciting to see Geostellar apply capabilities developed by GeoEye Analytics to support such an innovative use case," said Mark Dumas, GeoEye's vice president of Special Projects and co-founder of SPADAC, now known as GeoEye Analytics. "It is a great example of how the expertise and enabling technology we developed to support our military customers can be applied to drive commercial growth."
About GeostellarGeostellar is making clean energy affordable and available to the world. The company has pioneered big-data geomatics to provide comprehensive and precise values for available renewable resources. Using geospatial data and digital surface models, Geostellar's platform provides "Earth intelligence" for any geographic location based on atmosphere, physiography, infrastructure, policy, and economics. Geostellar models the availability of our sunlight in high spatial and temporal resolution, then computes the proximity and capacity of local infrastructure, regulations, property ownership, utility rates and incentives, markets and economics to produce valuable and actionable location-specific awareness. Geostellar's unique subscription services platform allows energy producers, utility companies, property owners, industry suppliers and public administrators to identify the fastest, most efficient, and highest profitability paths to increase the supply of clean, green, renewable power. For more information visit: http://www.geostellar.com or email info@geostellar.com.
About GeoEyeGeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This 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, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the periods ended March 31, 2011, June 30, 2011, and Sept. 30, 2011, which we filed with the SEC on May 10, 2011, Aug. 2, 2011 and Nov. 1, 2011, 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
johnsyn
13 years ago
Lockheed Martin Completes Key Milestone On GeoEye's New Commercial Earth-Imaging Satellite
Geoeye, Inc. (MM) (NASDAQ:GEOY)
Today : Tuesday 17 April 2012
Lockheed Martin Completes Key Milestone On GeoEye's New Commercial Earth-Imaging Satellite
PR Newswire
SUNNYVALE, Calif., April 17, 2012
SUNNYVALE, Calif., April 17, 2012 /PRNewswire/ -- The Lockheed Martin [NYSE: LMT] team developing GeoEye's (NASDAQ: GEOY) next-generation Earth-imaging satellite successfully initiated power-on testing for the GeoEye-2 spacecraft bus. This program milestone continues the team's on-time and on-budget performance in support of GeoEye's plan for on-orbit operations in 2013.
The power-on testing of the GeoEye-2 spacecraft bus demonstrates initial electrical integration, validates the satellite's interfaces and paves the way for integrated hardware-software testing. The team has successfully installed power subsystem components, harnesses, and tracking, telemetry and control hardware on the satellite structure to support the on-time phased checkout of the integrated design. With successful completion of the GeoEye-2 spacecraft power-on testing, the Lockheed Martin team will begin the sequence of payload integration, functional testing and environmental testing phases of the program.
"In partnership with GeoEye, we continue to meet our major program milestones on schedule and within budget," said Allen Anderson, GeoEye-2 program director for Lockheed Martin Space Systems Company. "With spacecraft power-on complete, the team is focused on operational excellence and delivering GeoEye-2 to our customer affordably and efficiently."
Implementing the latest technology and utilizing the strong commercial and government satellite system expertise within Lockheed Martin, GeoEye-2 will provide significant improvements and technology advantages to its global customer base that exceed the capabilities of other existing commercial Earth-imaging satellites. The GeoEye-2 satellite will feature enhanced tasking capabilities, superior image quality and the ability to collect more imagery at a faster rate with a new ITT Exelis imaging system. When GeoEye-2 is completed, it will have the highest resolution and be the most accurate commercial satellite available in the global marketplace.
Carl Alleyne, GeoEye's vice president of Engineering, commented, "We are proud that our GeoEye-2 satellite is on schedule and on budget. GeoEye-2, with .34-meter resolution, will fully support all mission requirements, including the U.S. government's exacting standards, when operational in 2013."
Lockheed Martin Space Systems Company is developing GeoEye-2 under a firm fixed-price contract with GeoEye's U.S. government customer. GeoEye-2 will deliver unclassified imagery for intelligence analysts, war fighters, decision makers and commercial customers at a greater response rate and higher performance reliability than any existing commercial spacecraft.
Building on Lockheed Martin's proven record of success, GeoEye-2 is based on the latest generation of the LMx configure-to-order low Earth orbit bus product line initiated with the Lockheed Martin-built IKONOS satellite. IKONOS, launched in 1999 and currently operated by GeoEye, is the world's first commercial high-resolution Earth-imaging satellite. It continues to collect valuable geospatial data more than five years beyond its initial design life.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
Media Contact:Michaela Rubala, 408-742-3516; e-mail, michaela.rubala@lmco.comSteve Tatum, 408-742-7531; e-mail, stephen.o.tatum@lmco.com
johnsyn
13 years ago
Willbros Introduces Leading-Edge Solution for Real-Time Pipeline Integrity Management
Geoeye, Inc. (MM) (NASDAQ:GEOY)
Today : Monday 16 April 2012
Willbros Group, Inc. (NYSE: WG) announced today a collaboration with GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, to develop a cloud-based pipeline integrity management solution. This cloud-based solution will provide customers easy access to real-time pipeline information integrated with GeoEye's high-resolution, map-accurate commercial satellite imagery served from the Google Earth Builder platform.
This innovative solution addresses the pipeline industry's need for timely and cost-effective access to accurate integrity management data to help them maintain and update aging pipeline infrastructure and comply with federal regulations and safety requirements. Built on the intuitive cloud-based Google Earth Builder platform, this solution will augment customers' existing GIS platforms with a single, reliable source for accessing vital pipeline integrity information for about half the cost of traditional disparate methods, helping operators better manage risk, lower operating costs and improve pipeline performance.
"This solution will become the new standard in pipeline lifecycle integrity management," said Ed Wiegele, Willbros President of Engineering and Integrity. "Real-time access to intelligence stored in the cloud will radically change the way pipeline owners and operators conduct business, respond to issues and maintain regulatory compliance. This platform solves many of the issues the pipeline industry has faced over the last decade by connecting people with the tools they need to access, correct and maintain information about a pipeline's complete lifecycle."
There are more than 2.5 million miles of pipelines in the U.S. and about 3,000 pipeline operators according to the U.S. Department of Transportation Pipeline & Hazardous Materials Safety Administration (PHMSA). This represents a large potential market that can benefit from this new integrated management solution.
Wiegele said this solution provides a total system for users to both access real-time pipeline data and enable efficient field data collection. Personnel in the field will be able to connect to and update data from laptops, tablets, smart phones and other portable devices.
"We are extremely pleased that Willbros selected GeoEye's EyeQ Earth imagery services built on Google Earth Builder for this solution," said Dean Edmundson, Vice President of Business Development for GeoEye. "Timely access to current, high-resolution pipeline imagery plays a critical role in delivering the clear and timely insight required for effective management across the pipeline integrity lifecycle."
About Willbros
Willbros Group, Inc. is an independent contractor serving the oil, gas, power, refining and petrochemical industries providing engineering, construction, turnaround, maintenance, lifecycle extension and facilities development and operations services to industry and government entities worldwide. For more information on Willbros, please visit our web site at www.willbros.com.
About GeoEye
GeoEye (NASDAQ: GEOY) is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia, with more than 750 employees worldwide. Learn more at www.geoeye.com.
This announcement contains forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments the Company expects or anticipates will or may occur in the future, are forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from these statements, including the potential for additional investigations and lawsuits; disruptions to the global credit markets; the untimely filing of financial statements; the global economic downturn; fines and penalties by government agencies; new legislation or regulations detrimental to the economic operation of refining capacity in the United States; the identification of one or more other issues that require restatement of one or more prior period financial statements; contract and billing disputes; the integration and operation of InfrastruX; the consequences the Company may encounter if it is unable to make payments required of it pursuant to its settlement agreement of the West Africa Gas Pipeline Company Limited lawsuit; the existence of material weaknesses in internal control over financial reporting; availability of quality management; availability and terms of capital; changes in, or the failure to comply with, government regulations; ability to remain in compliance with, or obtain waivers under, the Company's loan agreements and indentures; the promulgation, application, and interpretation of environmental laws and regulations; future E&P capital expenditures; oil, gas, gas liquids, and power prices and demand; the amount and location of planned pipelines; poor refinery crack spreads; delay of planned refinery outages and upgrades; the effective tax rate of the different countries where the Company performs work; development trends of the oil, gas, power, refining and petrochemical industries; and changes in the political and economic environment of the countries in which the Company has operations; as well as other risk factors described from time to time in the Company's documents and reports filed with the SEC. The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
CONTACT:
Michael W. Collier
Vice President Investor Relations
Sales & Marketing
Willbros
713-403-8038
Connie Dever
Director Investor Relations
Willbros
713-403-8035
johnsyn
13 years ago
GeoEye Wins Contract from GE Aviation
Geoeye, Inc. (MM) (NASDAQ:GEOY)
Today : Tuesday 6 March 2012
GeoEye, Inc. (NASDAQ: GEOY), a leading provider of geospatial information and insight, announced it has received a multi-year, multi-million dollar contract from GE Aviation. Under this contract, GeoEye will produce aviation reference data to serve hundreds of the world's busiest airports. Over the next decade, GeoEye intends to capture all of the world's International Air Transport Association (IATA) airports. This agreement allows GE Aviation to utilize GeoEye 3D Airports and Terrain/Obstacle databases produced from GeoEye's stereo satellite imagery. These GeoEye aeronautical databases will be imbedded into GE Aviation's products and services.
(Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)
GeoEye 3D Airports is a family of value-added geospatial products that captures precise spatial models of domestic and international airports, their surrounding terrain and man-made obstacles. These products are used to enhance the safety of flight and ground operations at airports and enable airlines to reduce fuel consumption, flight times and airport traffic noise. GeoEye 3D Airport Maps offers a three-dimensional geospatial model of an airport's features that are required to support aircraft and helicopter operations. GeoEye 3D Airport Terrain and Obstacles provide information regarding natural elevation and man-made obstacles near airports.
GE Aviation will imbed these products in their next generation products and services to facilitate Performance Based Navigation operations that will increase commercial flight frequency and fuel efficiency while reducing carbon emissions. This GE offering utilizing GeoEye state-of-the-art data products exceeds the current requirements of the global Air Traffic Management initiatives sponsored by the FAA NEXTGEN program and the EUROCONTROL SESAR program.
Dejan Damjanovic, GeoEye's Director of Air and Marine Solutions, said, "GeoEye's unique ability to acquire 3D Airport intelligence using the highest resolution and highest accuracy commercial satellites in the world, coupled with our decade of aeronautical expertise, make our 3D Airports the best choice for GE Aviation's needs."
"This advanced aeronautical data, along with our Required Navigation Performance (RNP) products, will accelerate the deployment of RNP flight paths that will help meet the global challenge of increasing efficiency in the world's air traffic management system," said Giovanni Spitale, general manager of GE's PBN Services. "It will allow the benefits of PBN to be achieved earlier for the global air transportation community, saving time, fuel, reducing emissions and noise while increasing hourly operations frequency."
About GeoEyeGeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This 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, 2010, which we filed with the Securities and Exchange Commission ("SEC") on March 15, 2011, and our Quarterly Reports on Form 10-Q for the periods ended March 31, 2011, June 30, 2011, and Sept. 30, 2011, which we filed with the SEC on May 10, 2011, Aug. 2, 2011, and Nov. 1, 2011, 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, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
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