WESTMINSTER, Colo.- DigitalGlobe, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR; TSX: MAXR), today announced a partnership with Ecopia Tech Corporation (“Ecopia”) to know precisely where buildings are by utilizing proprietary artificial intelligence algorithms and innovative cloud computing to create building footprints. By using Ecopia U.S. Building Footprints powered by DigitalGlobe, customers will have the most current and accurate information on structures in their areas of interest, enabling them to make business decisions with unprecedented speed and efficiency.
Ecopia, a developer in DigitalGlobe’s Geospatial Big Data platform (GBDX) ecosystem, established a process to create building footprints quickly and at scale by leveraging advanced machine learning in combination with DigitalGlobe’s cloud-based 100 petabyte imagery library. This innovative approach offers a welcome alternative to outdated footprint sources and the corresponding time-consuming and expensive creation methods. Ecopia U.S. Building Footprints powered by DigitalGlobe provides actionable insights for observing, analyzing, and monitoring business processes like supply chain management, urban planning, and asset monitoring for industries such as energy, insurance, real estate, telecom, and location-based services. Starting with the United States, the two companies will extract highly accurate 2D building footprints across the Earth, then refresh the datasets to find and track change over time, which is valuable information to businesses. Several national service providers are already using the building footprints in their industry-leading applications.
“Ecopia is harnessing the cloud-based computational power of GBDX to gain immediate, on-demand access to DigitalGlobe’s 18-year library of high-resolution satellite imagery,” said Bill Singleton, Ecopia Tech Corporation Vice President. “Combining our algorithms with DigitalGlobe’s technology allows Ecopia to extract and update building footprints at a scale and speed never before thought possible.”
“Now, customers in a multitude of verticals can quickly answer business-critical questions instead of spending time creating the data and information to answer those questions,” said Dr. Shay Har-Noy, DigitalGlobe Vice President of Unified Platform. “Ecopia U.S. Building Footprints powered by DigitalGlobe will become a foundational data layer for all businesses with an interest in how our world is built and how it is changing over time.”
DigitalGlobe and Ecopia will extract every building footprint in the United States by mid-year 2018, and many major international locations by the beginning of 2019. Ecopia U.S. Building Footprints powered by DigitalGlobe will be available off the shelf or on-demand, with or without the source high-resolution imagery, and will include the option to subscribe to regular updates.
DigitalGlobe is the global leader in commercial high-resolution satellite imagery used by decision makers to better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight. DigitalGlobe is a Maxar Technologies company (NYSE: MAXR; TSX: MAXR). For more information visit www.DigitalGlobe.com.
About Maxar Technologies
Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, robotics, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched integrated capabilities, solutions and expertise to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 31 locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
About Ecopia Tech Corporation
Ecopia Tech Corporation (“Ecopia”) is an international supplier of high definition (HD) mapping products that enable high-fidelity global scale insights. Ecopia uses proprietary intelligent systems that leverage groundbreaking advancements in machine learning to convert high-resolution imagery of our earth into HD maps. The technology can utilize multiple sources of imagery ensuring accurate, up-to-date and reliable specifications that you can trust. For information visit www.ecopiatech.com.
This release contains forward-looking statements and information, which reflect the current view of Maxar Technologies Ltd. (the “Company” or “Maxar”) with respect to future events and financial performance. Forward-looking statements relate to future events or future financial performance. Any such forward-looking statements are based on Maxar’s current expectations, estimates, projections and assumptions made in light of its experience and perception of historical trends and are subject to risks and uncertainties that could cause our actual results or performance to differ materially from those indicated by such forward-looking statements. Maxar’s actual results of operations could differ materially from historical results or current expectations. Some of the risk and uncertainties that could cause actual results to differ include, but are not limited to: the loss or reduction in scope of any of our primary contracts, or decisions by customers not to exercise renewal options; the loss or damage to any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; loss or damage to the content contained in our ImageLibrary; interruption or failure of our ground systems and other infrastructure; decrease in demand for our imagery products and services; increased competition that may reduce our market share or cause us to lower our prices; changes in political or economic conditions, including fluctuations in the value of foreign currencies, interest rates, energy and commodity prices, trade laws and the effects of governmental initiatives to manage economic conditions; failure to obtain or maintain required regulatory approvals and licenses; and, changes in Canadian, U.S. or other law or regulation that may limit our ability to distribute our imagery products and services.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov, or on the Company's website at www.maxar.com.