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GeoEye Receives U.S. Government Contract Award for New Web Mapping Service

April 20, 2010

DULLES, Va., April 20 /PRNewswire-FirstCall/ — GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial geospatial information and services, announced today that it has signed a modification to a contract with the National Geospatial-Intelligence Agency (NGA) to provide Web mapping services under the NGA’s Rapid Delivery of Online GEOINT (RDOG) program. This Web hosting and dissemination contract modification is in addition to ongoing production work being done under the RDOG contract originally awarded in June 2009 and under GeoEye’s Service Level Agreement with the NGA.

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GeoEye’s dissemination system provides users secure access to unclassified, high-resolution color imagery of an entire country over the Web. The color imagery is acquired by the Company’s GeoEye-1 Earth-imaging satellite and then disseminated in near real-time to a wide spectrum of users, including forward-deployed U.S. military personnel, intelligence community personnel and DoD map production staff. The dissemination system is compliant with Open Geospatial Consortium standards for geospatial and location-based information and Web mapping services.

Chris Incardona, GeoEye’s director of Government Programs – NGA, commented, “The RDOG program is a natural extension of our core capability in delivering high-quality imagery products. This significant award to host near real-time satellite imagery and serve government users around the globe is a major step forward in providing end-to-end solutions. In the future, users should expect Web services to include sensor-agnostic source capabilities that integrate best-of-class industry standards and applications.”

Brian O’Toole, GeoEye’s chief technology officer, added, “This program illustrates the evolution in geospatial intelligence: collection, advanced production and dissemination are now offered in an integrated service delivered through a next-generation Web-services platform. We are pleased to have the opportunity to work closely with the NGA to advance the quality of the data products while enabling timely, on-demand access and delivery.”

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, services and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has 534 employees, as of December 31, 2009, dedicated to developing best-in-class geospatial information products and services. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation (http://www.geoeyefoundation.org). 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 December 31, 2009, which we filed with the Securities and Exchange Commission (“SEC”) on March 12, 2010, and our Quarterly Reports on Form 10-Q for the period ended March 31, 2009, June 30, 2009 and Sept. 30, 2009, which we filed with the SEC on May 12, 2009, Aug. 10, 2009 and Nov. 9, 2009, respectively. Copies 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.


Source: newswire



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