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SpatialNews.com Press Release
GeoEye Awarded Multi-Million Dollar Airport Mapping Database Contract
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DULLES, Va., June 21, 2006 – GeoEye, the world’s largest commercial satellite remote sensing imaging company (OTCPK: ORBM), announced today that the National Geospatial-Intelligence Agency (NGA) Stereo Airfield Collection program has awarded the company $3.7 million to image 365 airfields and produce Airport Mapping Databases (AMDB) over a 12-month period. GeoEye will deliver IKONOS stereo imagery and perform three-dimensional airport feature extraction services in accordance with NGA specifications. This is the NGA’s third and largest Airport Mapping Database award to GeoEye, following two prior awards for three airfields in 2004 and 15 airfields in 2005. The effective date of this award is June 2006.
GeoEye is now the world’s largest developer of airport geospatial information support, terrain and obstacle databases with several hundred airfields mapped to date. Matt O’Connell, GeoEye’s president and chief executive officer said, “We are a leader in providing airport geospatial solutions to key customers like the NGA and the USAF at the best price and with the best performance in the industry.”
An Airport Mapping Database is a geospatial database that contains significant features of an airport such as runways, taxiways, buildings, obstacles and terrain surrounding an airfield. This information supports the safe movement of aircraft and helicopters on runways and taxiways. These products can also be used to support training, mission or contingency planning and visual simulations for ordinary operations or crisis situations. GeoEye is uniquely positioned to fulfill this contract for North American and international airfields by virtue of its IKONOS satellite’s ability to generate a three-dimensional image from stereo data collected during a single orbital pass. The result is a three-dimensional map-accurate image of an airport that can be quickly and cost effectively acquired.
Dejan Damjanovic, GeoEye’s program manager for airfield and harbor mapping said, “We are also completing a project for 13 commercial airports in South America for the Latin American Civil Aviation Commission. GeoEye’s unique airfield mapping expertise leads the commercial satellite industry for government, military and commercial airfield mapping worldwide. We participate extensively on Airfield Mapping Standards Committees, and then build the specific Airport Mapping Database to suit the customer requirement.”
As GeoEye’s single biggest customer, the NGA has awarded the company more than $50 million in 2006 for imagery and services. GeoEye is currently building its next-generation commercial satellite imaging system, GeoEye-1, which will provide a ground resolution of 0.41-meter panchromatic and 1.65-meter multispectral or color imagery. The launch of GeoEye-1 is slated for early 2007 from the Vandenberg Air Force Base in California.
About GeoEye
Headquartered in Dulles, Va., GeoEye is the world’s largest commercial satellite imagery company, delivering the highest-quality, most accurate imagery and products to better map, measure, monitor and manage the world. GeoEye was formed as a result of ORBIMAGE’s acquisition of Space Imaging in January 2006. The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates a constellation of three Earth imaging satellites – OrbView-2, OrbView-3 and IKONOS – and possesses an international network of more than a dozen regional ground stations, a robust image archive, and advanced geospatial imagery processing capabilities that are unmatched in the satellite imagery industry. Its products are the cornerstone of the remote-sensing industry enabling a wide array of applications including intelligence gathering for national security and defense, mapping, local government planning, and natural resources and environmental monitoring. The company maintains a comprehensive Quality Management System (QMS) and has achieved corporate-wide ISO accreditation. For more information, visit 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. ORBIMAGE’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, Vice President, General Counsel and Corporate Secretary, at 703-480-5672.
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