Published:
GeoEye Receives Additional U.S. Government Awards Totaling $22 Million
DULLES, Va., June 4 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY),
a premier provider of satellite, aerial and geospatial information, announced
new awards totaling $22 million to supply geospatial products and related
services. Under this award GeoEye will provide the National
Geospatial-Intelligence Agency (NGA) a significant amount of value-added,
imagery-based geospatial-intelligence products including the company's airport
mapping product line. Imagery processing and production will be performed at
GeoEye's advanced imagery processing centers located inSt. Louis, Mo. and
Thornton, Colo. These awards are in addition to the task order for imagery
purchases the company received from NGA last fall.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060112/DCTH008LOGO)
Bill Wilt, GeoEye's vice president of North American Sales commented, "Our
high-resolution imagery and products provide a critical supplement to the NGA
for updating its mapping databases with highly accurate, broad-area coverage.
We continue to work with NGA to harmonize the ordering process and are
gratified that NGA has issued a request for proposal to us regarding the
creation of a service level agreement."
Last month, the company announced an August 22, 2008 launch date for its
next-generation, earth-imaging satellite GeoEye-1. Once launched, it will be
the world's highest resolution commercial earth-imaging satellite. GeoEye-1
will be able to collect images with a ground resolution of 0.41-meters or 16
inches in the panchromatic, or black-and-white mode, and collect
multispectral, or color imagery, at 1.65-meter resolution. The first stage of
the United Launch Alliance Delta II launch vehicle has already arrived at
Vandenberg Air Force Base, Calif.
For more information about the satellite please visit:
http://launch.geoeye.com. To receive timely, ongoing details about the launch
and development of GeoEye-1 products and services, sign up at
http://launch.geoeye.com/LaunchSite/news/signup.aspx.
About GeoEye
GeoEye is the premier provider of geospatial information for the national
security community, strategic partners, resellers and commercial customers to
help them better map, measure and monitor the world. The Company is recognized
as the industry's trusted imagery experts for delivering reliable service and
the exceptional quality of its imagery products and solutions. It operates a
constellation of Earth imaging satellites, mapping aircraft and has an
international network of ground stations, a robust imagery archive, and
advanced imagery processing capabilities for developing innovative geospatial
products and solutions. Once launched August 22, 2008, the GeoEye-1 satellite
will be the world's highest resolution and most accurate commercial imaging
satellite. The Company also provides support to academic institutions and
non-governmental organizations through the GeoEye Foundation. Headquartered
inDulles, Virginia, GeoEye is a public company listed on the Nasdaq stock
exchange under the symbol GEOY. It maintains a comprehensive Quality
Management System (QMS) and has achieved company-wide ISO accreditation. For
more information, visit http://www.geoeye.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Securities Exchange Act of 1934, as
amended. These forward-looking statements involve known and unknown risks and
uncertainties. GeoEye's actual financial and operational results could differ
materially from those anticipated. Additional information regarding these
risk factors and uncertainties is described more fully in the Company's SEC
filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web
site, www.sec.gov, or by contacting: William L. Warren, Senior Vice President,
General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
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