WorldView-3 Remains on Schedule for
Mid-August 2014 Launch
Company Renames “GeoEye-2” to
“WorldView-4”
DigitalGlobe (NYSE: DGI), the leading provider of commercial
high-resolution earth observation and advanced geospatial
solutions, today announced its plans to accelerate the launch of
WorldView-4, previously named GeoEye-2, to mid-2016 to meet demand
from DigitalGlobe’s Direct Access and other commercial customers. A
significant catalyst for this increased opportunity was the U.S.
Department of Commerce’s recent decision to allow DigitalGlobe to
sell imagery with resolution of up to 25 centimeters.
“As a result of the U.S. Government’s recent decision to allow
us to sell our highest quality imagery, we’ve seen sufficient
demand that justifies the accelerated launch of WorldView-4,” said
Jeffrey R. Tarr, President and Chief Executive Officer of
DigitalGlobe. “This will extend our industry leadership, capture
more of our customers’ mapping and monitoring missions, provide an
even stronger foundation on which to grow our Geospatial Big Data™
and analytic capabilities, and uniquely address pressing global
challenges. By placing this asset on orbit where it can generate
revenue rather than storing it on the ground, we will improve
returns and create shareowner value.”
DigitalGlobe now plans to launch WorldView-4 in mid-2016
providing our customers with assured access to 30 centimeter
resolution imagery – the highest resolution imagery commercially
available. WorldView-4 will serve an expanding addressable market
for high resolution imagery at 30 centimeters, and the decision to
accelerate its launch is supported by demand from DigitalGlobe’s
existing customer base and is expected to be accretive to returns.
Together with WorldView-3, which will launch in August, and the
rest of DigitalGlobe’s constellation, WorldView-4 will extend the
company’s lead in resolution, accuracy, spectral diversity, revisit
rate, and other aspects of imagery quality so critical to the
missions of DigitalGlobe’s various customers.
Conference Call
DigitalGlobe's management will host a conference call today,
July 31, 2014 at 5:00 p.m. ET to discuss this announcement, as well
as the company’s 2014 second quarter financial and operating
results, which were announced in a separate press release.
Note
Effective immediately, DigitalGlobe has renamed the GeoEye-2
satellite. Moving forward, this satellite will be known as
WorldView-4. We believe this will mitigate any future market
confusion and ensure that the satellite is clearly identified as
part of the larger DigitalGlobe constellation. The new name –
WorldView-4 - puts it on par, from both a branding and capabilities
perspective, with the other sub-50 cm WorldView-class sensors.
Conference Call Information
DigitalGlobe’s management will host a conference call today,
July 31, 2014 at 5:00 p.m. ET to discuss its 2014 second quarter
financial and operating results.
The conference call dial-in numbers are as follows:U.S./Canada
dial-in: (855) 212-2368International dial-in: (315)
625-6886Passcode: 75283458
A replay of the call will be available through August 31, 2014
at the following numbers:U.S./Canada dial-in: (855)
859-2056International dial-in: (404) 537-3406Passcode: 75283458
DigitalGlobe will also sponsor a live and archived webcast of
the conference call on the Investor Relations portion of its
website. Click here to directly access the live webcast.
About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution
earth observation and advanced geospatial solutions that help
decision makers better understand our changing planet in order to
save lives, resources and time. Sourced from the world's leading
constellation, our imagery solutions deliver unmatched coverage and
capacity to meet our customers' most demanding mission
requirements. Each day customers in defense and intelligence,
public safety, civil agencies, map making and analysis,
environmental monitoring, oil and gas exploration, infrastructure
management, navigation technology, and providers of location-based
services depend on DigitalGlobe data, information, technology and
expertise to gain actionable insight.
DigitalGlobe is a registered trademark of DigitalGlobe.
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Our reports, filings, presentations and public announcements may
contain or incorporate forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Forward-looking statements relate to future events or our
future financial performance. We generally identify forward-looking
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The inclusion of this forward-looking information should not be
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DigitalGlobeMedia ContactNancy Coleman,
303-684-1674Senior Director of
Communicationnancy.coleman@digitalglobe.comorInvestor Relations
ContactDavid Banks, 303-684-4210Vice President of Investor
Relationsir@digitalglobe.com
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