BlackSky wins Novaspace Leading Earth Observation Business Award 2024 during World Space Business Week

BlackSky Recognized for Excellence and Innovation in Delivering Industry-Leading, Real-Time, Space-Based Commercial Intelligence at Mission Speed ​​and Scale

PARIS–(BUSINESS WIRE)–$BKSY #artificialintelligence–BlackSky Technology Inc. (NYSE: BKSY) has won the 2024 Novaspace Leading Earth Observation Business Award during World Space Business Week. BlackSky is recognized for excellence and innovation in Earth observation by delivering commercial real-time, space-based intelligence at mission speed and scale, using high-speed, high-speed satellite imagery and AI-driven analytics.

“BlackSky is honored to receive the Novaspace 2024 Leading Earth Observation Business Award during World Space Business Week,” said Brian O’Toole, CEO of BlackSky. “This recognition is only possible because of the shared passion and commitment that the entire BlackSky team demonstrates every day as we lead the Earth observation industry into a new era of dynamic, real-time, low-latency monitoring.”

The annual WSBW Awards recognize the most forward-thinking companies and innovators shaping the future of the global space sector. A panel of industry experts evaluates qualitative and quantitative criteria to recognize companies that stand out throughout the year, including innovation, strategic decision-making, market impact, and financial and commercial metrics.

This year, BlackSky has made significant progress in transforming the commercial adoption model for real-time space-based intelligence and in driving the Earth observation industry’s transition from static mapping to dynamic, AI-driven monitoring of key areas of interest, while expanding its product offering to revolutionize off-Earth imaging.

“Our software-first approach has made space more accessible to nations seeking sovereign, space-based intelligence capabilities, and is transforming how customers perceive and understand the most important security and economic events in our world,” O’Toole added.

With a first-of-its-kind $50 million contract supporting the Indonesian Ministry of Defense, BlackSky is pioneering a new model for deploying software-based solutions, offering customers immediate access to subscription-based Assured monitoring services covering priority areas of interest, with very little risk and without spending hundreds of millions of dollars on opportunities that will take years to materialize.

In January, BlackSky won a contract from the Intelligence Advanced Research Projects Activity (IARPA) to advance to the third and final phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) program. Using core technology developed in the SMART program, BlackSky’s AI tools detected and classified more than two million change observations with a high degree of accuracy at more than 120,000 distinct locations after analyzing five years of historical satellite imagery of a wide area from government and commercial sources.

The National Geospatial-Intelligence Agency (NGA) recently announced that BlackSky has been selected as a supplier for the five-year, $290 million, multiple award, indefinite-delivery/indefinite-quantity Luno A contract. The five-year contract focuses on monitoring economic and environmental activity and military capabilities using commercial geospatial intelligence and analytics services. BlackSky currently monitors more than 30 million square kilometers of the Earth’s surface for NGA.

Yesterday, BlackSky was awarded a seven-figure space domain awareness contract from HEO to bring automated, low-latency capabilities to Extraterrestrial Imaging (NEI) services for defense, intelligence, and commercial applications. Under the agreement, the companies will work together to introduce BlackSky’s current constellation to HEO’s NEI sensor network. The contract now enters its second phase, focusing on automating the entire process from task to delivery, following a successful initial proof-of-concept phase.

About BlackSky

BlackSky is a leading provider of real-time geospatial intelligence. BlackSky delivers on-demand, high-frequency imagery, monitoring and analysis of critical and strategic locations, economic assets and global events.

BlackSky designs, owns and operates one of the industry’s leading constellations of small satellites in low Earth orbit, optimized to cost-effectively capture imagery where and when our customers need it.

BlackSky’s Spectra AI software platform processes data from BlackSky and third-party sensor constellations to develop the critical insights and analytics our customers require.

BlackSky is relied on by U.S. and international government agencies, commercial enterprises, and organizations worldwide. BlackSky is headquartered in Herndon, VA and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on X (formerly Twitter).

Forecast statements

Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws as they relate to BlackSky. These forward-looking statements are typically identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “possibility,” “plan,” “may,” “should,” “will,” “would,” “will continue,” “will likely result” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results may differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or projections of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause our assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date and we undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they are made, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky’s disclosure materials filed from time to time with the SEC, which are available on the SEC’s website at http://www.sec.gov or on the BlackSky Investor Relations website at https://ir.blacksky.com.

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