Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

HySpecIQ Closes Initial Funding Round And Places Order For Two Hyperspectral Remote Sensing Satellites
  • USA - English


News provided by

HySpecIQ

Sep 15, 2014, 08:00 ET

Share this article

Share toX

Share this article

Share toX


Washington, DC (PRWEB) September 15, 2014 -- HySpecIQ, LLC of Washington DC has closed its initial funding round and placed an order with The Boeing Company for two hyperspectral remote sensing satellites. The company will be the first commercial provider of high-resolution hyperspectral information from space.

HySpecIQ will unlock the potential of high resolution hyperspectral data with proprietary analytics to create high value information products for clients.

Post this

The satellites will carry a state-of-the-art hyperspectral payload based on proven technology. It will be capable of providing spectral imaging fidelity far exceeding what is currently available commercially or forecast to exist in the near future. Boeing will deliver a complete satellite system initially consisting of two 502 Phoenix small satellites, available for launch in 2018 and essential ground elements including command and control; image processing; and archive and retrieval of collected data. HySpecIQ will separately develop the value added processing and dissemination architecture.

“HySpecIQ will unlock the potential of high resolution hyperspectral data with proprietary analytics to create high value information products for clients,” said Joseph D. Fargnoli, HySpecIQ Executive Vice President of Product Development. “Our tailored hyperspectral-driven decision support tools, risk management products and monitoring capabilities will drive focused solutions targeted to the specific business information needs of our clients and partners. Our capabilities will enable the delivery of information products to key markets, including the global oil & gas, mining, agriculture and environment monitoring, as well as U.S. government agencies and partner countries. The ability to serve these markets using satellite technology offers tremendous benefits heretofore impractical, including lower data collection and processing costs, more frequent revisit capabilities, access to denied territories and detailed environmental monitoring.”

HySpecIQ has partnered with Boeing, which will design and manufacture the satellite system and serve as channel partner to select customers. “Boeing’s in-depth experience in the delivery of commercial space systems was the deciding factor in their selection,” said William R. Sullivan, HySpecIQ executive chairman. “Working closely with Boeing’s team will allow us to bring forward a technical design with unparalleled remote sensing capability that will set a new standard in this industry and provide customers with the timely cost effective solutions they need.

“Boeing demonstrated its confidence in HySpecIQ and the market for hyperspectral remote sensing analytics by entering into partnership as a data channel provider and signing the first data sales contract. Boeing offered an attractive and multi-dimensional package that includes assistance in selling services and attracting investors as well as access to Boeing’s government customer base. This demonstrates their commitment to meeting the needs of the government and commercial market,” Sullivan said.

HySpecIQ will manage sales, processing and distribution of the hyperspectral informatics products to the global civil, commercial and government markets while Boeing will provide services for the U.S. Government Intelligence community and select foreign worldwide customers.
###

Contact:
William R. Sullivan
HySpecIQ, LLC
202-251-6065
info(at)hyspeciq(dot)com

HySpecIQ, LLC
2020 Pennsylvania Ave., Suite 150
Washington DC 2006
http://www.HySpecIQ.com

Joseph D. Fargnoli, HySpecIQ, +1 (585) 298-8582, [email protected]

Modal title

An artist’s rendering showing two Boeing 502 Phoenix satellites in orbit.  The inaugural customer for the 502 Phoenix is HySpecIQ of Washington D.C., which ordered a complete hyperspectral imaging sys
An artist’s rendering showing two Boeing 502 Phoenix satellites in orbit. The inaugural customer for the 502 Phoenix is HySpecIQ of Washington D.C., which ordered a complete hyperspectral imaging sys
Hyperspectral imaging is an information-rich technology that uses spectral color bands to identify objects and materials in an image.  More than 200 spectral colors in the visible and shortwave infrar
Hyperspectral imaging is an information-rich technology that uses spectral color bands to identify objects and materials in an image. More than 200 spectral colors in the visible and shortwave infrar
An artist’s rendering showing two Boeing 502 Phoenix satellites in orbit.  The inaugural customer for the 502 Phoenix is HySpecIQ of Washington D.C., which ordered a complete hyperspectral imaging sys Hyperspectral imaging is an information-rich technology that uses spectral color bands to identify objects and materials in an image.  More than 200 spectral colors in the visible and shortwave infrar

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.