Regional Presence to be Overseen by Ken Fritschel, Vice President, International Sales, Satellogic
NEW YORK, May 23, 2022 – Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today that it is enhancing its operations in the Australian market to strengthen its regional customer relationships and provide local support for a growing APAC space economy. The regional presence will be overseen by Ken Fritschel, Vice President, International Sales, Satellogic.
“Our growing presence in Australia, overseen by one of our key executives, will provide a direct connection to the APAC region so we can more easily work with our commercial customers and close public sector allies across Oceania and Asia,” stated Emiliano Kargieman, CEO and Co-Founder of Satellogic. “Australia is committed to keeping supply chains open and believes in the democratization of space, which is the core of our mission. We look forward to continuing to collaborate with organizations in the country and across the region as we further expand access to Earth Observation data worldwide, in order to help solve the biggest global challenges that we are facing.”
Satellogic currently operates 22 high-resolution satellites and expects to grow its constellation to 34 satellites by Q1 2023. By 2025, the Company expects to have over 200 satellites in orbit to provide daily remaps of the entire surface of the Earth, and up to 40 revisits of points of interest per day.
Satellogic recently announced a Multiple Launch Agreement (“MLA”) with SpaceX, reserving launch capacity for its next 68 satellites. This new MLA, which follows the current MLA covering 2022 launches, confirms that SpaceX continues to be Satellogic’s preferred vendor for rideshare missions, meeting the capacity demands of the Company’s constellation roadmap and providing shorter periods between satellite development and deployment. Satellogic’s rapid and consistent launch cadence enables the company to continually test new technology, refresh and augment its constellation, and differentiate from competition.
“We are focused on developing our partnerships with the public sector throughout APAC, in particular Australia, with its strong security alliances across the Indo-Pacific region,” stated Matt Tirman, EVP & GM Global Public Sector at Satellogic. “Today’s announcement is an important step forward in this area and we expect that our operations will accelerate the new space industry across APAC and further support our key Oceanic, European, and North American partners.”
The announcement is made in tandem with Satellogic’s participation at a key Australian event: Locate 2022, taking place May 24-26 in Canberra. Thomas VanMatre, VP of Global Business Development at Satellogic, will be delivering a presentation on “Multi-Sensor Constellations” at 3:45 p.m. AEST on Tuesday, May 24.
Satellogic will also attend Asia Satellite Business Week in Singapore, June 1-3. Brian Lantier, EVP of Global Revenue at Satellogic, will participate on the “Revolutionizing Earth Observation: From Data to AI and Analytics” panel at 3:30 p.m. SGT on Thursday, June 2.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images and analytics to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.
With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.
To learn more, please visit: http://www.satellogic.com