Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Leica BLK3D Recognised by Prestigious Global Awards for Innovation, Engineering, Design
(HEERBRUGG, SWITZERLAND, 23 January 2019) Leica Geosystems, part of...
4Subsea and Ashtead Technology Enter Strategic Partnership
Aberdeen and Asker, January 23rd 2019 – Under the...
Himalayan Glacier Feeds Ganges River
The Copernicus Sentinel-2 mission takes us over Gangotri, one...
Virtual Surveyor 6.2 Now Processes Larger Drone Survey Projects
LEUVEN, Belgium, 22 January 2019 – Virtual Surveyor drone...
Microlight3D Launches Altraspin™, a New Generation 3D-Printer for High-Resolution Micro-Parts
Grenoble, France, January 22, 2019 – Microlight3D, a specialty...

May 28, 2014
BlackBridge Secures $22 Million for New Satellite Constellation

Berlin, Germany, May 15, 2014—BlackBridge has secured $22 million (CDN) in funding from the Bank of Montreal (BMO) and the Business Development Bank of Canada (BDC) for the development of its next generation of satellites, RapidEye+, and for the renewal of existing credit facilities.  This financing will contribute to the development of a new satellite constellation that will enhance BlackBridge’s already remarkable imaging prowess, allowing the company to expand its current range of geospatial solutions.

BlackBridge CFO Richard Goode says of the investment, "We are pleased that both BMO and BDC have joined us in the development of our next generation of satellites. We are seeking strong long-term partners as we continue to grow our business, and both BMO and BDC provided the financial strength and commitment we were looking for.”

Mr. Braun, BMO, is enthusiastic about the project, “We are proud to be a part of BlackBridge’s RapidEye+ project, and we look forward to continued involvement as the new satellites are built.”

Matthew Kellow, Managing Director, Subordinate Financing with BDC states, “BlackBridge is a dynamic, growth-oriented, and forward-thinking company that is a great example of the type of company we are looking to partner with over the long-term. We are excited about furthering our partnership with the company and the new business opportunities that will result from RapidEye+.”

About BlackBridge

BlackBridge is focused on providing end to end solutions across the geospatial value chain. This includes satellite operations, data center and geocloud solutions, and worldwide satellite imagery distribution through over 100 BlackBridge partners, combined with the creation of value added products and services.

Comments are closed.