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July 1, 2015
PlanetiQ and Blue Canyon Technologies Partner to Transform Weather Satellite Industry and Dramatically Improve Weather Forecasting

BETHESDA, Md. and BOULDER, Colo., June 24, 2015—PlanetiQ announced today that it has selected Blue Canyon Technologies (BCT) out of Boulder, Colo., to build its revolutionary weather satellite constellation launching in 2016 and 2017. PlanetiQ chose BCT as a partner in developing the world's first commercial constellation dedicated to weather, climate and space weather based on BCT's development track record and its cutting-edge, low-cost design approach that has delivered hundreds of components and systems for numerous space missions.

"Weather is the next commercial space frontier, as demand grows not only for better forecasts of day-to-day weather, severe storms and hurricanes, but also for weather and climate data solutions that enhance weather readiness, support risk management and increase business intelligence," said Anne Hale Miglarese, President and CEO of PlanetiQ. "Together, PlanetiQ and BCT bring the innovation, technical expertise and experience to cost-effectively produce the high-quality data needed to transform the weather satellite industry and deliver unprecedented economic value."

PlanetiQ has co-located its aerospace engineering team at BCT's Boulder facilities, where both the satellites and sensors will be manufactured and integrated, and is already working side-by-side with BCT on the initial set of 12 microsatellites. Working together with the PlanetiQ team, BCT has dramatically reduced the satellite size and weight without sacrificing any instrument capabilities.

"We are certainly pleased to be chosen by PlanetiQ. Weather is emerging as a major growth sector for aerospace, and our partnership with PlanetiQ positions BCT and the state of Colorado to play a leading role," said George Stafford, President and CEO of BCT. "Our systems and components match well with PlanetiQ's instrument requirements, and we are glad to be working on this spacecraft and mission."

PlanetiQ recently announced the successful testing of its first "Pyxis" weather sensor and is setting up for production with BCT. Pyxis collects dense, precise measurements of global temperature, pressure and water vapor -- similar to data collected by weather balloons but on a global scale -- using a technique called GPS Radio Occultation (GPS-RO). Among the satellite data sources currently ingested into computer weather models, GPS-RO has shown the most cost-effective, highest impact per observation on forecast accuracy. But only a sparse amount of GPS-RO data exists today.

Pyxis is the only GPS-RO sensor in such a small package that is powerful enough to provide more than 10 times the amount of data available from GPS-RO sensors currently on orbit, and to routinely probe down into the lowest layers of the atmosphere where severe weather occurs.

"The small size and weight of the Pyxis sensor -- combined with BCT's high-performance mission experience -- will allow us to quickly field a constellation to provide the highest quality, most cost-effective weather data ever available," said PlanetiQ FounderChris McCormick, who leads PlanetiQ's instrument team and developed the sensors for the only GPS-RO constellation that has provided operational weather forecast data. "With 12 satellites providing 8 million data points per day, GPS-RO will easily become the most important contributor to weather forecast accuracy at a fraction of the cost of traditional weather satellites."

About Blue Canyon Technologies

Blue Canyon Technologies, LLC (BCT), based in Boulder, Colo., is a privately held business founded in 2008 to bring high-performance, affordable solutions to space missions. The company is an innovative, experienced integrator of aerospace systems and developer of advanced aerospace products and technologies. BCT has designed, developed, tested and delivered systems and components for dozens of space missions, with over 30 systems to be launched over the next 18 months for the U.S. Department of Defense, NASA and commercial customers. For the latest news on Blue Canyon Technologies and for other company information, please visit www.bluecanyontech.com

About PlanetiQ

PlanetiQ has commenced development of its initial satellites for the first commercial constellation dedicated to weather, climate and space weather, and is now raising additional capital to fund the build and launch of the constellation through completion. PlanetiQ data and services are valuable to a diverse range of government and commercial customers worldwide in areas including weather forecasting, aviation, shipping, offshore operations, defense, intelligence, energy, agriculture and insurance. PlanetiQ is headquartered in Bethesda, Md. For more information, visit www.planetiq.com or e-mail us at info@planetiq.com.

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