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GeoEye Announces Multi-Year, Multi-Million Dollar Order With Russian Reseller

May 6, 2010

DULLES, Va., May 6 /PRNewswire-FirstCall/ — GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has signed a multi-year, multi-million dollar order with its Russian reseller, ScanEx Research and Development Center, for more than two million square kilometers of high-resolution satellite imagery.

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GeoEye’s high-resolution IKONOS satellite will capture imagery of infrastructure facilities, major population centers and tourist locations over Russia and neighboring areas. ScanEx is also able to sell imagery from GeoEye-1, the world’s highest resolution and most accurate commercial Earth-imaging satellite.

“We are happy to continue our cooperation with GeoEye. Today, considering the size of the country and lack of current cartographic data, satellite imagery often serves as the only reliable source of information about territories. Moreover, for tasks related to infrastructure monitoring and search, rescue or recovery operations after emergencies, imagery is the most efficient data source for timely decision making,” said Olga Gershenzon, vice president for ScanEx.

Paolo Colombi, vice president of International Sales for GeoEye, commented, “We are very pleased with this new order from ScanEx. The Russian market for high-resolution satellite imagery is very important to us, and we’ve been conducting imaging operations over Russia for some time. In 2009, our satellites collected some 11 million square kilometers of the Russian landmass.”

IKONOS is the world’s first high-resolution Earth-imaging satellite able to see objects on the ground as small as 82 cm in size. GeoEye has already begun building GeoEye-2, its next generation commercial-imaging satellite slated for launch in late 2012.

“As a partner, ScanEx can count on us for high-resolution satellite imagery to meet the current and future needs of their customers,” added Colombi.

About ScanEx

ScanEx Research and Development Center is the leading Russian company in the remote sensing market that offers services ranging from acquisition to thematic processing of Earth-observation images from space. ScanEx’s offerings include designing and manufacturing of hardware and software systems for spatial data reception and processing, development of software applications for satellite data reception and storage, processing and interpretation. ScanEx catalogues imagery data from leading remote sensing programs and generates thematic products, renderings and Web-mapping services.

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 Dec. 31, 2009, which we filed with the Securities and Exchange Commission (“SEC”) on March 12, 2010. 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