BUENOS AIRES, Argentina, Jan. 15, 2019 /PRNewswire-PRWeb/ -- Satellogic, the world's first vertically integrated geospatial analytics company, today announced a Multiple Launch Services Agreement (MLA) with China Great Wall Industry Corporation (CGWIC). CGWIC will launch 90 of Satellogic's spacecraft from the Taiyuan Satellite Launch Center. The first launch – scheduled for later this year – will deliver a dedicated payload of 13 of Satellogic's spacecraft to Low Earth Orbit on a Long March-6 (LM-6) rocket.
Satellogic's team of world-class data scientists is already leveraging its current fleet of spacecraft to deliver planetary scale insights and solutions for a variety of industries, including agriculture, forestry, oil and gas, and finance and insurance. The 90 spacecraft that Satellogic announced under this agreement will form an Earth Observation Satellite Constellation that will remap the planet at one meter of resolution every week and dramatically reduce the cost of high-frequency geospatial analytics.
"We want to help solve the world's most pressing problems by building an accurate and up-to-date picture of our planet and the many forces that reshape it everyday," said Satellogic Founder and CEO Emiliano Kargieman. "This agreement is a major step in realizing that vision. With 90 more spacecraft in our constellation, we will be able to deliver weekly, high-resolution remaps of the entire planet at a price that will set a new standard for access and affordability in our market."
This MLA marks another milestone in the CGWIC-Satellogic cooperation: it will be the first time that the new generation Long March launch vehicle will provide launch services to international customers. To date, CGWIC has successfully launched Satellogic's first demonstration cubesat and 5 spacecraft. As per the terms of a previously existing agreement, CGWIC is poised to deliver another 3 spacecraft to low-earth orbit in 2019. The first LM-6 launch under this MLA will bring the total number of Satellogic's commercial satellites in orbit to 19.
"We're proud to extend our highly successful working relationship with Satellogic," said Gao Ruofei, Executive Vice President of CGWIC. "Satellogic's constellation will introduce a new era of affordable earth observation just as the LM-6 will open new opportunities for the global space industry."
Founded in 2010, Satellogic's headquarters and R&D facility is located in Buenos Aires, Argentina. Their satellite Assembly, Integration and Test (AIT) facility is located in Montevideo, Uruguay. Other divisions include a data-technology center in Barcelona, Spain; a product-development center in Tel Aviv, Israel; and a business development center in Miami, USA. The company's newest branch in Beijing, China will focus on exclusive constellation customization, data services, and industrial applications.
About Satellogic
Satellogic is the first vertically integrated geospatial analytics company. We drive real outcomes with planetary-scale insights you can trust.
Our low-Earth-orbit satellite constellation, platform, and data science teams work together to deliver end-to-end solutions at the right cost. We make sense of the data so you can focus on the big decisions at hand.
We are a company of more than 150 satellite engineers, AI experts, and solution specialists on a mission to deliver a fundamentally better picture of our planet and the many forces that reshape it everyday. We bring space down to earth for large enterprises and governments of all sizes who need to see for themselves how our world is changing.
Satellogic. Now you see.
To learn more, please visit: http://www.satellogic.com
About CGWIC
Established in 1980, China Great Wall Industry Corporation (CGWIC) is the sole commercial organization authorized by the Chinese government to provide commercial launch services, satellite systems and to carry out space technology cooperation. It is a subsidiary of China Aerospace Science and Technology Corporation (CASC).
As the professional company promoting international cooperation for China's space industry, CGWIC is devoted to the internationalized development of China's space industry. CGWIC has developed into a system integrator for space products and services. It can meet customers' multi-directional needs by providing comprehensive solutions for commercial launch services, satellite export, satellite ground tracking and control station construction, satellite applications, project financing, project insurance and technical training, etc. Through extensive international cooperation, CGWIC enjoys an excellent reputation in the international aerospace industry, the financial community, and the insurance circle.
To learn more, please visit: http://www.cgwic.com
SOURCE Satellogic
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