MDA and Orbital Insight Expand Current Agreement

(Richmond, British Columbia, Canada and Palo Alto, CA) At the nexus of the space sector of the economy, Maxar Technologies, continues to showcase space’s potential commercial applications. Recently and through a subsidiary, MDA, revealed that; the work of unlocking space for commercial and government markets, continues. Specifically, the work is in the form of an expansion, of a current agreement with Orbital Insight. As part of the expanded agreement; Orbital Insight, will use satellite images from MDA, in order, to transform the images into actionable intelligence for the energy sector of the economy.

These images that will become actionable intelligence, are from MDA’s RADARSAT-2 (S.A.R.) satellite. S.A.R. is the acronym for, synthetic aperture radar. Additionally, these images are high resolution images. The MDA RADARSAT-2 satellite, is capable of global monitoring. The global monitoring is comprised of a large collection capacity, and, high resolution radar imaging. This satellite, is also, able to acquire the data, irregardless, of weather conditions. As a result, MDA’s RADARSAT-2 satellite is able to accurately provide, a constant source of information about ground activity. Changes in oil tank inventories, is a good example, and the reason for the expanded agreement between MDA, and, Orbital Insight. The latter, will use the collected imagery data, and then, create information that is pertinent to oil inventory. Currently, Orbital Insight releases, the Global Geospatial Crude Index. The previous, is an effort to objectively catalog the crude oil supplies of the world; on a daily basis. Businesses that use the Global Geospatial Crude Index, are able to, make intelligent economic decisions, about, the global energy markets. Fascinatingly, Orbital Insight, is a geospatial analytics firm. Dr. James Crawford is the Founder and the C.E.O. of Orbital Insight. Through a press statement, Dr. Crawford said the following. “Having access to cutting-edge datasets strengthens our product offerings, so we’re pleased to deepen our relationship with MDA as a key imagery provider. SAR imagery is valuable because it provides information even if conditions on the ground aren’t visible due to weather or lighting. Expanding this partnership delivers direct customer value.”

As previously said, the expanded agreement is with MDA, and through, Maxar Technologies. Maxar Technologies (NYSE: MAXR and TSX: MAXR) is also better known, by its former name; MacDonald, Dettwiler and Associates. Maxar’s portfolio of technology and commercial space companies includes; MDA, SSL, Digital Globe and Radiant Solutions. For Orbital Insight, the expanded agreement comes with a multi-year partnership, with Digital Globe. This partnership; is centered on high-resolution electro optical satellite imagery, and, GBDX. GBDX is a reference to, Digital Globe’s geospatial big data platform. On a petabyte scale, Orbital Insight fine tunes its analytics commercial products, using GBDX. Petabyte, is a reference to 1,024 terabytes, or, one million gigabytes. Orbital Insight’s analytics, which are a product of GBDX, are used for the following things. Estimating harvest yields, making more accurate retail predictions, monitoring global energy and monitoring the natural resource markets are all part of the previously noted.

To end, MDA did release a press statement. Mike Greenley is the Group President of MDA. Through a press statement, Mr. Greenley said the following. “Building on an already strong relationship with a second Orbital Insight contract award, MDA will provide valuable insight into energy supply chains by enabling timely, reliable imaging of global oil storage sites, regardless of cloud cover. This solution reinforces the unique and powerful combination of RADARSAT-2’s large imaging capacity and timely data delivery, with Orbital Insight’s geospatial analytics capabilities, to grow the market for information derived from SAR imagery.” As previously stated, MDA and Orbital Insight have expanded a current agreement. The agreement is with MDA, but through, Maxar Technologies. As part of the expanded agreement; Orbital Insight, will use satellite images from MDA, in order, to transform the images into actionable intelligence for the energy sector of the economy. Lastly and as a result, the work of unlocking space for commercial and government markets, continues.