RapidEye AG Partnering With China

14 January 2009, 9:58am

Brandenburg/Havel, Germany, January 14, 2009 – RapidEye, Germany's only geospatial solutions
provider to own and operate their own satellite constellation, announced today that Beijing Earth Observation, Inc. (BEO), a subsidiary of Eastdawn Group. Inc., will be their Chinese distributor.

“This has promise to be a very lucrative partnership for both companies,” comments John Ahlrichs,RapidEye's Vice President. “BEO is a proven organization with the experience required to successfully selland support RapidEye products in China. They are extremely well networked in China's public and private
sectors.”

The agreement between Beijing Earth Observation, Inc. and RapidEye was signed in Beijing late last year between Eastdawn Group’s CEO, Mr. Bing Sun and RapidEye's CEO, Mr. Wolfgang Biedermann. The contract makes BEO the only distributor of RapidEye's satellite imagery in China.

“We are extremely proud to have BEO and Eastdawn as our partners in China,” says Mr. Biedermann. “We have spent a lot of time to get to know each other. With BEO we are partnering with a quality company that is a good match for RapidEye, and we are looking forward to a very long term partnership with them. BEO has shown that they have the best business backing, the strongest support staff, and that they are willing to make a significant commitment to the distribution of RapidEye's products and services over the coming years.”

Mr. Bing Sun, CEO of Eastdawn Group. Inc. stated, “We are very much satisfied with our newly formed partnership with RapidEye. With its 5 satellites and the strongest satellite imagery collection capability to our markets, the RapidEye system has great potential in the Chinese market, especially in the following sectors: agriculture, environmental, insurance and government. We strongly believe our partnership will bring the best satellite technology available as well as service knowhow to the Chinese market. This technology and service knowhow will contribute greatly to the continuous economic growth of our country.”

RapidEye AG

Geo: International