GeoEye Announces major order with Russian Reseller

06 May 2010, 4:02pm

DULLES, Va., May 6 - 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.

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.

GeoEye

Scanex RDC

Geo: International