Planet Expands Strategic Partnership with SynMax, Offering Customers AI-Enhanced Vessel Identification, Classification, and Smart Surveillance Capabilities
March 20 2024 - 8:00AM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced that they have expanded into
a new strategic partnership agreement with SynMax, a Houston-based
satellite analytics and intelligence company. This marks an
evolution in Planet’s previously announced partnership with SynMax,
providing data for energy industry intelligence and dark/spoofing
vessel tracking.
The specialized agreement enables Planet to sell an analytics
tool for vessel monitoring and classification to their customers.
Through this unique offering, Planet customers will be able to
leverage the combined strength of Planet’s unparalleled satellite
data, enhanced with SynMax’s proprietary artificial intelligence,
for a first-of-its-kind solution, named Theia. This product will
offer comprehensive data-informed intelligence for the maritime
domain, providing actionable intelligence and the ability to roll
back time across the maritime domain.
"We're excited for this strategic partnership with SynMax,
bringing together Planet's unique dataset and SynMax's algorithms
to provide maritime domain awareness around the world," said Kevin
Weil, Planet President, Product & Business. “For our customers,
timely and accurate data regarding maritime events can enable
efficient market operations and enhanced security measures.”
Planet owns and operates the largest fleet of Earth observation
imagery satellites, capturing a scan of the Earth on a near-daily
basis. With a deep archive of high-cadence Earth imagery,
stretching back over years, Planet users observe trends and
identify patterns of change. With this robust dataset, SynMax is
able to digest and process Planet data to identify and classify
ships across the world, delivering customers with maritime insights
for strategic planning on a customizable web-based platform.
“This new strategic agreement enables us to scale our maritime
solutions,” said Brendan Moore, CEO at SynMax. “With Planet as the
broadest collectors of over ocean imagery and SynMax utilizing the
most advanced analytics to identify and track tens of thousands of
vessels each day, together, we are providing a game changing
capability for maritime domain awareness.”
SynMax processes more Planet open water data than any other
Planet partner, enabling broad area management of our seas. This
data helps identify light, gray, and dark vessels, track illicit
ship-to-ship transfers, and monitor illegal fishing operations.
Through integrated multi-source intelligence fusion, the solution
provides advanced insights into vessel spoofing and dark vessel
tracking capabilities as ships fail to transpond accurate Automatic
Identification System (AIS) positions.
Earlier this month, Planet announced that it was awarded a
contract by the Naval Information Warfare Center (NIWC) Pacific for
the use of this vessel detection technology. NIWC Pacific will
integrate Planet and SynMax’s data and technology into their
SeaVision platform to gain situational awareness of key areas of
interest throughout the Pacific Ocean. Further, SynMax has applied
a subset of its Theia technology to meet the unique requirements of
the NIWC Pacific project.
Together, Planet and SynMax aim to open new possibilities for
insurance companies, sanctioning bodies, ministries of security,
maritime operators, and investment firms looking to gain
situational awareness regarding clandestine commodity flows.
About Planet
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day and make change visible, accessible, and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 950 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on Twitter.
About SynMax
SynMax is an innovative intelligence company that provides
actionable intelligence to the energy and maritime sectors. SynMax
specializes in leveraging advanced machine learning and artificial
intelligence against satellite imagery and large datasets. In doing
so, they automatically monitor marine activity at an unparalleled
scale across whole oceans, extracting and synthesizing actionable
intelligence at an otherwise unimaginable speed. With a foundation
in delivering comprehensive ground truths rather than predictions,
SynMax's innovative approach sets new standards in the
industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20240320202553/en/
Planet Press Lauren Neville comms@planet.com
Planet Investor Relations Chris Genualdi, Cleo Palmer-Poroner
ir@planet.com
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