GeoEye Sells First Commercial Airport Mapping Database Using Satellite Imagery
DULLES, Va., June 9 /PRNewswire-FirstCall/ — GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has delivered the first commercial high-resolution airport database of Kuala Lumpur International Airport to Malaysia Airport Holdings Berhad’s Technical Services Division (MAHB). This product meets the new International Civil Aviation Organization’s Area-2 and Area-3 reporting requirements and uses IKONOS color stereo imagery to create three-dimensional models of the airport, terrain and any flight safety obstacles.
“GeoEye brings extensive market and application knowhow, and we will access the best commercial imagery available with the best geo-location accuracy from the GeoEye-1 and IKONOS satellites,” said Dato Abdul Hamid, chief operating officer of MAHB. “Through a subscription service, Malaysia Airports will be kept updated with the latest data, which will help with planning airport operations and improvements to meet long-term requirements, while ensuring that these airports consistently meet aviation safety regulations.”
Paolo Colombi, GeoEye’s vice president of International Sales, said, “GeoEye is the world’s largest developer of airport geospatial databases. This is the first international sale of a commercial database, but GeoEye has completed over 2,500 databases for government and military customers in the U.S. and overseas.”
GeoEye’s Thornton, Colo. facility produced the database and will deliver 12 quarterly updates to the airport authority through a subscription service. GeoEye generates its airport mapping databases from stereo satellite imagery taken over an airport during a single orbital pass.
Andy Stephenson, GeoEye’s senior regional director of GeoEye Asia in Singapore, said, “We are very pleased MAHB has chosen us to produce this first commercial airport database for their pilot project. We take great pride in enabling our customers’ success by consistently providing timely, superior-quality location intelligence and services at an affordable price and with the best performance in the industry.”
Malaysia Airport Holdings Berhad was incorporated in 1991 when the Malaysian Parliament passed a bill to separate the Department of Civil Aviation into two entities with different spheres of responsibilities. The core activities include the management, operation and maintenance as well as development of airports, with primary importance being placed on the operational efficiency, safety and security of passengers, cargo and aircraft operations. Besides its core business activities, Malaysia Airports has in its corporate structure a few subsidiary companies to offer a range of aviation and non-aviation related products and services. The Company is the operator and manager of Malaysia’s 39 airports, which comprise international, domestic and short take-off and landing ports.
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 over 500 employees 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.
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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, and our Quarterly Report on Form 10-Q for the period ended March 31, 2010, which we filed with the SEC on May 10, 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.