Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Laser Scanning Uncovers Spanish History
Constructed in 1938, the refugee shelters were built to...
Hexagon adds England, Scotland and Wales to the HxGN Content Program
(Heerbrugg, Switzerland, 14 October 2021) Hexagon's Geosystems division announced today...
EagleView and Cityworks Announce New Integration Now Available in the US
Customers in both the US and Canada can now...
SafeGraph Launches Global POI Dataset, Becoming the Worldwide Leader in Places Data
DENVER - SafeGraph - a global data company that specializes...
Suntuity AirWorks Announces Partnership With Eco Spec For Drone Based Building Inspections
Suntuity AirWorks, the UAV division of the Suntuity Group of companies,...

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.