Filed by Pine Technology Acquisition Corp.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Form S-4 File No. 333-261709
Subject Company: Pine Technology Acquisition Corp.
(Commission File No. 001-40179)
Tomorrow.io Briefs WMO Community on Plans for Weather Satellite Constellation
First launches of radar-equipped satellites planned for late 2022
Boston, Jan. 10, 2021 The Tomorrow Companies Inc. (Tomorrow.io), developer of a leading platform for global weather and climate
security, the World Meteorological Organization (WMO), and the Coordination Group for Meteorological Satellites (CGMS) came together virtually on Dec. 14 for a robust discussion on the emerging needs, recent advancement, and potential impacts of the
space-based observing system for precipitation.
In December, Tomorrow.io announced plans to list on Nasdaq through a merger with Pine Technology
Acquisition Corp. (Pine Technology) (Nasdaq: PTOC, PTOCW, PTOCU). Upon closing of the transaction, Tomorrow.ios common stock and warrants are expected to trade on Nasdaq under the new ticker symbols TMW and
TMWW.
More than 100 participants heard Tomorrow.io present details on its upcoming constellation of radar-equipped weather satellites and
learned about the importance of enhanced spaceborne radar coverage from international meteorological satellite data experts. The discussion took place as part of a WMO Open Consultative Platform (OCP) Innovation Webinar. OCP serves as an open,
constructive, and participatory framework for addressing the grand challenges of the global weather enterprise. Precipitation is ranked the top priority out of 152 Earth observations by the intergovernmental Group on Earth Observations. On average,
60 percent of WMO member meteorological agencies lack the full capacity needed to provide observations or climate services for water.
Radar provides
vital observations of precipitation and storm dynamics, informing our understanding of the global water cycle that is critical for our survival. Yet more than 5 billion people worldwide live outside of consistent radar coverage, with virtually
no coverage across the oceans. This limits the ability to generate reliable weather forecasts and provide critical information about hurricanes, typhoons, floods and other extreme weather events.
Tomorrow.ios constellation, with first launches planned for late 2022, is expected to expand radar coverage worldwidecovering each point on the
globe once every hour on average, compared to the 2- to 3-day revisit rate of existing spaceborne radar missions. This dramatically improved precipitation monitoring is
expected to enable better forecasts worldwide, especially in data-sparse areas that currently lack reliable forecasts.
Precipitation is a key
variable and its also one that is incredibly under-observed, said Anthony Rea, WMO Director of Infrastructure, in opening remarks to the webinar. If you look at the parts of the world where they have perhaps the greatest
vulnerability to severe precipitation events, these are also areas where we also have a lack of in-situ infrastructure, generally weather radars and rain gauges. Precipitation observations ... are also key to
our understanding of the climate and of the water cycle. And right now its a gap in our knowledge.