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GeoEye Signs Singapore Ground Station as GeoEye-1 Satellite Imagery Regional Affiliate

Posted on: Thursday, 8 January 2009, 14:44 CST

Centre for Remote Imaging, Sensing and Processing (CRISP) at the National University of Singapore Will Have Access To World's Highest Resolution Commercial Earth Imaging Satellite with Half-Meter Ground Resolution

DULLES, Va., Jan. 8 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY), a premier provider of satellite and aerial imagery and geospatial information, announced today that it has signed a multi-year agreement with the National University of Singapore to allow the Centre for Remote Imaging, Sensing and Processing (CRISP) to collect and sell Earth imagery and related products from its GeoEye-1 satellite. Later this year, CRISP will move into their new state-of-the-art research center which will continue to support CRISP's existing IKONOS satellite imaging operations. The new facility will be upgraded to accommodate direct access to the GeoEye-1 data.

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"GeoEye is excited to expand our relationship with CRISP to include our next-generation GeoEye-1 commercial Earth imaging satellite," said Matthew O'Connell, GeoEye's chief executive officer and president. "We have supplied IKONOS imagery to CRISP for seven years and have been impressed on how advanced they are in the use of imagery and geospatial technology."

Paolo Colombi, GeoEye's vice president of international sales, added, "We are very pleased that CRISP will now be able to task, download, process, store and distribute imagery from GeoEye-1. This contract will enable geospatial information users in Southeast Asia to gain access to the best commercial satellite imagery available in the market."

"We are very proud that CRISP will soon be tasking and receiving data from the GeoEye-1 satellite from our own ground station. We will be able to receive the best commercially available imagery in the world in a very timely fashion," said Professor Bernard Tan, chairman of CRISP management board. "CRISP has been closely involved in environmental disaster monitoring and humanitarian assistance, such as the Tsunami and earthquake disasters. With the direct reception of GeoEye-1 high-resolution satellite images, CRISP will be able to contribute even more accurate information to such efforts in a timely manner."

The GeoEye-1 satellite was launched from Vandenberg Air Force Base, Calif. on Sept. 6, 2008 and is currently undergoing satellite check-out and calibration. The Company expects to begin providing customers with imagery in the near future. Markets that will benefit from GeoEye-1's unprecedented image quality include defense, national and homeland security, infrastructure, air and marine transportation, energy, insurance and risk management, natural resources and environmental monitoring.

About CRISP (Centre for Remote Imaging, Sensing and Processing)

CRISP was established in 1992 as a Research Centre located at the National University of Singapore with funding from the Agency for Science Technology and Research (A*STAR). The Centre has focused on scientific research in the basic principles and applications of remote sensing technology. CRISP has been receiving, processing and archiving imagery from various commercial remote-sensing satellites since 1995. The Centre is a major international satellite ground station and research facility with a reputation for quality scientific research, technical competence and superior products and consultancy services. CRISP has achieved international recognition for its research on natural disaster monitoring such as forest fires, earthquakes and the Indian Ocean Tsunami. For more information about CRISP, visit its web site at http://crisp.nus.edu.sg.

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. On September 6, GeoEye launched its GeoEye-1 satellite which is now 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 in Dulles, 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 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.

Source: PR Newswire

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