|View printer-friendly version|
|DigitalGlobe Successfully Completes First Phase of Remote Ground Terminal Expansion|
LONGMONT, CO, Sep 02, 2011 (MARKETWIRE via COMTEX) --
DigitalGlobe (NYSE: DGI), a leading global provider of high-resolution earth imagery solutions, today announced that it has activated its fourth new remote ground terminal (RGT) this year, completing the first phase of its RGT expansion initiative on-plan and on-schedule. The initiative, begun in 2010, calls for the construction and activation of seven new RGTs by mid-2012.
"I'm proud to say that we are executing flawlessly on our RGT expansion," said Walter Scott, executive vice president and chief technical officer at DigitalGlobe. "Once the expansion is complete, we will have added as much total capacity and refresh capability as if we had launched an entirely new satellite, but at a fraction of the cost and complexity. This will allow us to substantially increase the frequency and speed at which we can deliver refreshed imagery to our customers, and from a larger number of regions worldwide."
RGTs are used to download imagery data that has been captured by DigitalGlobe's constellation of satellites. As RGTs are added, satellites come into RGT range more often, allowing data to be downloaded more frequently. This effectively increases the total capacity for image collection, because satellite memory is freed more often, allowing each satellite to capture more imagery. Further, because imagery is being downloaded more frequently, the time span from image capture to final delivery to customers is also reduced. This fourth new activation brings the company's total number of RGTs to eight.
About DigitalGlobe DigitalGlobe is a leading global provider of commercial high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology. With our collection sources and comprehensive ImageLibrary (containing more than one billion square kilometers of earth imagery and imagery products) we offer a range of on- and off-line products and services designed to enable customers to easily access and integrate our imagery into their business operations and applications. For more information, visit www.digitalglobe.com.
DigitalGlobe is a registered trademark of DigitalGlobe.
Safe Harbor Statement Our reports, filings, presentations and public announcements may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words, although not all forward-looking statements contain these words.
Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts; the loss or impairment of our satellites; delays in the construction and launch of WorldView-3; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our ImageLibrary; interruption or failure of our ground system 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; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward looking statements.