|By Marketwired .||
|August 13, 2014 04:20 PM EDT||
LONGMONT, CO -- (Marketwired) -- 08/13/14 -- DigitalGlobe (NYSE: DGI), a leading provider of commercial high-resolution earth observation and advanced geospatial solutions, today announced the successful launch of WorldView-3, the company's sixth and most advanced super-spectral, high-resolution commercial satellite. The satellite launched on a Lockheed Martin Atlas V rocket from Vandenberg Air Force Base in California.
"The successful launch of WorldView-3 extends DigitalGlobe's commanding technological lead and will enable us to help our customers see through smoke, peer beneath the ocean's surface and determine the mineral and moisture content of the earth below -- all with unprecedented clarity," said Jeffrey R. Tarr, Chief Executive Officer of DigitalGlobe. "We'd like to thank our customers, partners, team members and investors for their support in bringing to the world the new capabilities made possible with this success."
WorldView-3 will collect super-spectral imagery at 0.31 meter resolution -- delivering 5 times the clarity of the company's nearest competitor. In addition WorldView-3 will offer the most spectral diversity available commercially and will be the first to offer multiple shortwave infrared (SWIR) bands that allow for accurate imaging through haze, fog, dust, smoke and other air-born particulates. The satellite is also the only satellite to offer CAVIS, a cloud, aerosol, water vapor, ice and snow atmospheric correction instrument, which monitors the atmosphere and corrects data for an unprecedented level of consistency.
"The unmatched abilities that WorldView-3 brings to our constellation will enable us to provide our customers with information and insight never before possible and advance our efforts to create a living digital inventory of the earth," said Tarr.
The satellite and atmospheric monitoring instrument called CAVIS were built by Ball Aerospace (NYSE: BLL). Exelis (NYSE: XLS) built the integrated, super-spectral payload consisting of a telescope, sensor and shortwave infrared system, making WorldView-3 the first commercial satellite to carry such capabilities. A United Launch Alliance Atlas V launch vehicle provided by Lockheed Martin Commercial Launch Services (LMCLS) delivered the satellite in orbit.
To learn more about WorldView-3, please visit WorldView3.DigitalGlobe.com
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.
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Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the administration, or budgetary cuts resulting from Congressional committee recommendations or automatic sequestration under the Budget Control Act of 2011); the risk that U.S. government sanctions against specified companies and individuals in Russia may limit our ability to conduct business with potential or existing customers; the risk that the anticipated benefits and synergies from the strategic combination of the company and GeoEye, Inc. cannot be fully realized or may take longer to realize than expected; the outcome of pending or threatened litigation; the loss or impairment of any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our imagery archives; interruption or failure of our ground system and other infrastructure, decrease in demand for our imagery products and services; increased competition, including possibly from companies with substantial financial and other resources and services, that may reduce our market share or cause us to lower our prices; our inability to fully integrate acquisitions or to achieve planned synergies; changes in satellite imaging technology; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10 K.
We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward looking statements.
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