BlackSky Wins Multi-Million Dollar Contract in Support of U.S. Department of Defense Moving Target Study
March 04 2024 - 8:30AM
Business Wire
BlackSky to provide thousands of annotated
burst images to increase accuracy and decrease development time for
moving target artificial intelligence models
BlackSky Technology Inc. (NYSE: BKSY) won a multi-million dollar
contract in support of the U.S. Department of Defense to collect
and annotate thousands of BlackSky multi-frame burst images to
train moving target artificial intelligence models for commercial
motion imagery.
“We are taking BlackSky’s industry-leading ability to monitor
moving objects from space another step forward by enhancing
analytic accuracy and the ability to recognize patterns of life,”
said Patrick O’Neil, BlackSky chief technology officer. “This
foundational work is expected to help decrease the time to develop
moving target algorithms for other related customer-led
initiatives.”
BlackSky multi-frame burst images are collected in rapid
succession during a single satellite pass over an area of interest.
With multiple view angles captured within a matter of seconds,
burst imagery can be used to generate 3D volumetric products and
very accurate movement-oriented detection analytics. Burst imagery,
along with all BlackSky offerings, can uniquely be captured from
early in the day to late in the evening.
The contract provides subscription-based access to the BlackSky
Spectra® tasking and analytics platform. The customer expects to
use BlackSky’s high-cadence, low-latency imagery and automated
analytics to support customer-approved exercises, technology
demonstrations and operations.
About BlackSky
BlackSky is a real-time, space-based intelligence company that
delivers on-demand, high frequency imagery, analytics, and
high-frequency monitoring of the most critical and strategic
locations, economic assets, and events in the world. BlackSky owns
and operates one of the industry’s most advanced, purpose-built
commercial, real-time intelligence system that combines the power
of the BlackSky Spectra® tasking and analytics software platform
and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate
changes for a decisive strategic advantage at the tactical edge,
and act not just fast, but first. BlackSky is trusted by some of
the most demanding U.S. and international government agencies,
commercial businesses, and organizations around the world. BlackSky
is headquartered in Herndon, VA, and is publicly traded on the New
York Stock Exchange as BKSY. To learn more, visit www.blacksky.com
and follow us on X (Twitter).
Forward-Looking Statements
Certain statements in this press release may contain
forward-looking statements within the meaning of the federal
securities laws with respect to BlackSky. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document. If any of these risks
materialize or underlying assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. In addition, forward-looking statements
reflect our expectations, plans, or forecasts of future events and
views as of the date of this communication. We anticipate that
subsequent events and developments will cause their assessments to
change. Accordingly, forward-looking statements should not be
relied upon as representing our views as of any subsequent date,
and we do not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. Additional risks and uncertainties are identified and
discussed in BlackSky’s disclosure materials filed from time to
time with the SEC which are available at the SEC’s website at
http://www.sec.gov or on BlackSky’s Investor Relations website at
https://ir.blacksky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304553578/en/
Investor Contact Aly Bonilla VP, Investor Relations
abonilla@blacksky.com
Media Contact Pauly Cabellon Director, External Communications
pcabellon@blacksky.com
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