Bremen, 3 Juli 2023 – OHB SE has signed a memorandum of understanding (MoU) with Earth observation (EO) data and satellite company Satellogic Inc. (Satellogic) to explore opportunities for cooperation in the development of services based on EO data. The MoU underlines the joint commitment of the two companies to support the use of EO data and products for a greener and more sustainable planet.
“In today's fast-moving space world, cooperation between different players is essential and mutually beneficial," says Ermanno Chiri, Corporate and Business Strategy Manager at OHB. “By collaborating with Satellogic, we will further expand our Earth observation capabilities and we are very proud that this collaboration will enable new solutions to promote sustainability and environmental protection.”
Earth observation data as a basis for decision-making
The collaboration between OHB and Satellogic aims at developing cost-effective and sustainable services through the mutual promotion of EO products, with a focus on downstream applications, and will drive the adoption of EO imagery and value-added services in various markets, including agriculture and urban solutions for commercial and institutional customers.
Satellogic currently operates the largest commercial fleet of sub-meter resolution EO satellites, which recently reached 38 satellites in orbit. The company is developing a scalable EO platform to provide affordable data with continuously increasing capacity and revisits for day-to-day decision-making in the fields of agriculture, forestry, energy, critical infrastructures, and climate change mitigation.
OHB has been an active player in the EO downstream market for several years following the establishment of the "DIGITAL" business unit in 2020 and is involved in the partnership with multiple subsidiaries: OHB System AG, OHB Digital Connect GmbH, OHB Digital Services GmbH and GEOSYSTEMS GmbH.
“To find the right answer to customer problems, services need to work with appropriate data,” explains Irmgard Runkel, Managing Director of OHB GEOSYSTEMS. “In most cases, we are looking for high-frequency and high-resolution data. Satellogic has an intelligent concept that meets these requirements. We see great potential for this data in different application areas and working with Satellogic allows us to improve our solution by using their data.”
Luciano Giesso, Head of Global Government Sales at Satellogic, adds: “This collaboration with OHB marks an important milestone in Satellogic’s mission to democratise access to Earth observation and establishes the foundations for a European integrated data and analytics platform. We are enthusiastic about the opportunities this will offer European users to improve their decision-making processes through high-revisit, high-resolution data enabled insights in areas ranging from agriculture to urban development, security, and more.”
Satellogic aims to reach over 200 spacecraft in orbit to deliver daily global remaps in sub-meter resolution with up to 40 revisits of points of interest per day.
About Satellogic Inc.
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 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
Contact for media representatives:
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Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de
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Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de