RapidEye Looking For A New Investor

09 September 2010, 1:22pm

Brandenburg / Havel, Germany, September 9, 2010 – RapidEye, the only geospatial solutions provider to own and operate a constellation of five identical Earth Observation satellites, announced today that it has mandated Roland Berger Strategy Consultants to support its effort to raise additional funding for the
company.

"To finance new growth and expand our business we are looking for fresh capital," says Wolfgang G. Biedermann, CEO of RapidEye AG. “We want to expand our market reach, our investment in new systems and our product development efforts more quickly to take advantage of the business opportunities which present themselves to us.”

The new funding will be used to make necessary investments into the market development, to upgrade and improve the systems to handle the additional growth and to initiate development of new geo-information products and services. In addition RapidEye also wants to intensify its preparations for the second generation of satellites.

Consulting firm Roland Berger Strategy Consultants are entrusted with carrying out the investor process.

For further questions please contact RapidEye AG: Mel Lynam, Head of Finance, lynam@rapideye.de, phone: +49 (0)3381 8904 204

Roland Berger Strategy Consultants: Oliver Räuscher, oliver.raeuscher@de.rolandberger.com
phone: +49 (0)30 39927 3549

RapidEye

Geo: International