GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced that it has signed a multiyear, multimillion-dollar agreement with its Russian partner, ScanEx Research and Development Center, to provide more than 50 million square kilometers of high-resolution commercial satellite imagery for international customers in Russia and its neighboring countries.
GeoEye will deliver high-resolution IKONOS imagery from its extensive color imagery archive and new imagery to be collected through 2012. This new agreement expands the 2010 agreement where GeoEye provided ScanEx over two million square kilometers of imagery. The scope of this new agreement underscores the international commercial market's increasing demand for high-resolution satellite imagery and services.
Olga Gershenzon, founder and vice president of ScanEx, said, "We are certain that this project, similar to the Landsat program in the 1980s, will stimulate development of advanced remote-sensing applications based on GeoEye's high-resolution imagery. We appreciate our strong and evolving partnership with GeoEye and value their support and confidence."
Chris Tully, GeoEye's senior vice president of Sales, said, "GeoEye and ScanEx have enjoyed a productive partnership since 2009. We are continually impressed by the creativity, entrepreneurship and contributions they have demonstrated by providing innovative tools and services to advance the Russian Earth-observation market."
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.
Image courtesy of ITT