GeoEye Celebrates GeoEye-1 Satellite's First Year in Space
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DULLES, Va., Sept. 14 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY), a
premier provider of satellite and aerial-based geospatial information and
services, marked the one-year launch anniversary of GeoEye-1, the world's
highest resolution and most accurate commercial Earth-imaging satellite. The
satellite was launched from Vandenberg Air Force Base, California on September
6, 2008.
(Photo: http://www.newscom.com/cgi-bin/prnh//LA75210)
(Logo: http://www.newscom.com/cgi-bin/prnh/20080625/LAW528LOGO)
"The past year has been an exciting and rewarding one for GeoEye," said Bill
Schuster, GeoEye's Chief Operating Officer. "With the launch of GeoEye-1 last
September, we put into service the world's most advanced commercial imagery
satellite, which is delivering the highest resolution, most accurate color
satellite imagery available today."
In celebration of this Sept. 6 anniversary, GeoEye tasked the GeoEye-1
satellite to collect a half-meter resolution image of Madrid, Spain on Sept.
7. The full high-resolution image is featured on GeoEye's corporate home page
at: www.geoeye.com, under "Featured Satellite Imagery," along with other
stunning images including the 2009 Burning Man Festival, Black Rock Desert,
Nevada; Victoria Falls, Zimbabwe; construction of the Vancouver 2010 Olympic
venues, British Colombia; and San Francisco Bay in northern California.
Since its launch, GeoEye-1 has imaged every continent in the world and
chronicled several noteworthy events this year, including President Obama's
inauguration ceremony in Washington, D.C. in January. In April, GeoEye-1
photographed a North Korean missile facility just moments before the launch of
a long-range missile. The GeoEye-1 satellite has collected approximately 54
million square kilometers of imagery and taken over 200,000 images since its
launch.
"The strong partnership between GeoEye and General Dynamics Advanced
Information Systems delivers tremendous value to our customers," said Dave
Shingledecker, Vice President of Integrated Space Systems for General Dynamics
Advanced Information Systems. "We are aligned in our commitment to the imagery
market and possess complementary capabilities and business strategies. We have
an exciting future as we work together to further enhance commercial imagery."
GeoEye began delivering GeoEye-1 imagery to Google Inc. for both the Google
Earth and Google Maps services in March. A sample of images from GeoEye-1,
including the Great Pyramid of Giza, Egypt; Borneo, Indonesia; Cabo Polonio,
Uruguay; and British Columbia, Canada can be seen at
http://earth.google.com/geoeye/.
Plans are in development for GeoEye-2, another high-resolution satellite.
GeoEye has contracted with ITT Corporation (NYSE: ITT) to build the GeoEye-2
high-resolution camera and electronics. ITT's work could be used to accelerate
the development of GeoEye-2, so that it could begin commercial operations in
2013.
About GeoEye
GeoEye, Inc. is an international information services company serving
government and commercial markets. The Company is recognized as one of the
geospatial industry's imagery experts, delivering exceptional quality imagery
products and solutions to customers around the world. Headquartered in Dulles,
Virginia, the Company has 534 employees, as of June 30, 2009, dedicated to
developing best-in-class geospatial, communications and information products,
systems and services. The Company provides support to academic institutions
and non-governmental organizations through the GeoEye Foundation
(http://www.geoeyefoundation.org). GeoEye is a public company listed on the
NASDAQ stock exchange under the symbol GEOY. Additional information about
GeoEye is available at www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995
This release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Without limitation, the
words "anticipates," "believes," "estimates," "expects," "intends," "plans,"
"will," and similar expressions are intended to identify forward-looking
statements. All statements that address operating performance, events, or
developments that we expect or anticipate will occur in the future, including
statements relating to growth, expected levels of expenditures, and statements
expressing general optimism about future operating results, are
forward-looking statements. Similarly, statements that describe our business
strategy, outlook, objectives, plans, intentions, or goals also are
forward-looking statements. All such forward-looking statements and those
presented elsewhere by our management from time to time are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those in forward-looking statements. These risks and uncertainties
include, but are not limited to, those described in "Risk Factors" included in
our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2008, which
we filed with the Securities and Exchange Commission ("SEC") on April 2, 2009,
and our Quarterly Report on Form 10-Q for the period ended March 31, 2009 and
June 30, 2009, which we filed with the SEC on May 12, 2009 and Aug. 10, 2009,
respectively. A copy of all SEC filings may be obtained from the SEC's EDGAR
web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior
Vice President, General Counsel and Secretary, at 703-480-5672.
SOURCE GeoEye, Inc.
Investor Relations, Randy Scherago, +1-703-480-7529,
scherago.randy@geoeye.com, or Media, Mark Brender, +1-703-629-5368,
brender.mark@geoeye.com, both of GeoEye
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