ST Engineering’s earth statement and geospatial evaluation enterprise, ST Engineering Geo-Insights (“Geo-Insights”), at the moment introduced that it has partnered with BlackSky, a number one supplier of real-time geospatial intelligence and world monitoring providers, to supply its prospects in Southeast Asia an expanded satellite tv for pc imaging and insights portfolio that now consists of BlackSky services and products.
Along with the appointment of ST Engineering Geo-Insights as a licensed reseller of BlackSky’s suite of satellite tv for pc imaging and knowledge analytics providers in Southeast Asia, the partnership additionally permits Geo-Insights and its prospects to leverage BlackSky’s imagery knowledge to develop value-added merchandise, which will likely be included in Geo-Insights’ choices.
BlackSky at present presents revolutionary geospatial options to prospects, together with optical knowledge and analytics by way of its Spectra AI platform. Established in Asia, Geo-Insights has the potential to supply geospatial options that combine optical and artificial aperture radar (SAR) knowledge. Each events count on to additional consider choices to develop their choices with a brand new suite of collectively developed optical/SAR geospatial intelligence merchandise powered by the newest developments in synthetic intelligence and machine studying algorithms.
“We consider demand for satellite tv for pc imagery and analytics will develop sooner or later as a consequence of growing calls for for location-based applied sciences and rising curiosity within the distant monitoring of enterprise operations and demanding property. The addition of BlackSky’s superior imagery and analytics merchandise to our portfolio will place us in a stronger place to fulfill the numerous enterprise wants of our authorities and business prospects on this area. Extra importantly, we see this as a primary step in direction of a longer-term relationship the place each events can additional leverage one another’s distinctive strengths and networks to develop novel, differentiated services and products to fulfill new consumer calls for and develop into new markets,” mentioned Goh Ing Nam, Normal Supervisor of ST Engineering Geo-Insights.
“We’re lucky to have a acknowledged chief like ST Engineering Geo-Insights be part of the BlackSky reseller community. This partnership is anticipated to speed up our go to market within the Southeast Asian area, constructing off the sturdy base of Geo-Insights’ acknowledged experience and buyer relationships,” mentioned Brian E. O’Toole, CEO of BlackSky. “We’re additionally excited to discover alternatives to additional combine SAR and optical merchandise to advance real-time geospatial intelligence options.”
About ST Engineering
ST Engineering is a worldwide expertise, protection and engineering group with workplaces throughout Asia, Europe, the Center East and the U.S., serving prospects in additional than 100 international locations. The Group makes use of expertise and innovation to resolve real-world issues and enhance lives by means of its various portfolio of companies throughout the aerospace, good metropolis, protection and public safety segments. Headquartered in Singapore, ST Engineering reported income of S$7.2b in FY2020 and it ranks among the many largest firms listed on the Singapore Change. It’s a part inventory of the FTSE Straits Occasions Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.
BlackSky is a number one supplier of real-time geospatial intelligence. BlackSky displays actions and amenities worldwide by harnessing the world’s rising sensor networks and leveraging its personal satellite tv for pc constellation. BlackSky processes hundreds of thousands of observations from its constellation in addition to quite a lot of house, IoT, and terrestrial primarily based sensors and knowledge feeds. BlackSky’s on-demand constellation of satellites can picture a location a number of instances all through the day. BlackSky displays for pattern-of-life anomalies to supply alerts and improve situational consciousness. BlackSky’s monitoring service, Spectra AI, is powered by cutting-edge compute strategies together with machine studying, synthetic intelligence, laptop imaginative and prescient, and pure language processing. BlackSky’s world monitoring answer is out there by way of a easy subscription and requires no IT infrastructure or setup. On February 17, 2021, BlackSky entered right into a definitive settlement for a enterprise mixture (the “Merger Settlement”) with Osprey Know-how Acquisition Corp. (“Osprey”) that may end in BlackSky turning into a publicly listed firm. For extra data go to www.blacksky.com.
Osprey is a particular goal acquisition corp., or SPAC, that was established as a collaboration between funding companies HEPCO Capital Administration, led by Jonathan and Edward Cohen, and JANA Companions, led by Barry Rosenstein and with its SPAC initiative led by JANA Companion David DiDomenico, who serves as Osprey’s CEO, President, and Director. Osprey was shaped to consummate a transaction with a number of transformative firms which have developed revolutionary software program supply platforms. For extra data go to www.osprey-technology.com.
Cautionary Assertion Relating to Ahead-Trying Statements
This doc incorporates sure forward-looking statements inside the that means of the federal securities legal guidelines with respect to the proposed transactions between Osprey and BlackSky. These forward-looking statements typically are recognized by the phrases “consider,” “undertaking,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will likely be,” “will proceed,” “will doubtless outcome,” and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many components may trigger precise future occasions to vary materially from the forward-looking statements on this doc, together with however not restricted to: (i) the chance that the transactions will not be accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of Osprey’s securities, (ii) the chance that the transactions will not be accomplished by Osprey’s Enterprise Mixture deadline and the potential failure to acquire an extension of the Enterprise Mixture deadline if sought by Osprey, (iii) the failure to fulfill the situations to the consummation of the transactions, together with the adoption of the Merger Settlement by the stockholders of Osprey, the satisfaction of the minimal belief account quantity following redemptions by Osprey’s public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the shortage of a 3rd get together valuation in figuring out whether or not or to not pursue the proposed transactions, (v) the shortcoming to finish the PIPE Funding, (vi) the prevalence of any occasion, change or different circumstance that might give rise to the termination of the Merger Settlement, (vii) the impact of the announcement or pendency of the transactions on BlackSky’s enterprise relationships, working outcomes, and enterprise typically, (viii) dangers that the proposed transactions disrupt present plans and operations of BlackSky, (ix) the end result of any authorized proceedings that could be instituted towards BlackSky or towards the Osprey associated to the Merger Settlement or the proposed transactions, (x) the flexibility to keep up the itemizing of Osprey’s securities on a nationwide securities alternate, (xi) adjustments within the aggressive and controlled industries through which BlackSky operates, variations in working efficiency throughout rivals, adjustments in legal guidelines and laws affecting BlackSky’s enterprise and adjustments within the mixed capital construction, (xii) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transactions, and establish and understand extra alternatives and (xiii) the results of pure disasters, terrorist assaults and the unfold and/or abatement of infectious ailments, comparable to COVID-19, on the proposed transactions or on the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transactions. The foregoing listing of things shouldn’t be exhaustive. You must fastidiously take into account the foregoing components and the opposite dangers and uncertainties described within the “Danger Components” part of Osprey’s registration on Type S-1 (File No. 333-234180), the registration assertion on Type S-Four mentioned above and different paperwork filed by Osprey infrequently with the SEC. These filings establish and tackle different necessary dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Osprey and BlackSky assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions, or in any other case. Neither Osprey nor BlackSky offers any assurance that both the Osprey or BlackSky, or the mixed firm, will obtain its expectations.
Further Data and The place to Discover It
This doc pertains to the proposed transactions between Osprey and BlackSky. This doc doesn’t represent a suggestion to promote or alternate, or the solicitation of a suggestion to purchase or alternate, any securities, nor shall there be any sale of securities in any jurisdiction through which such supply, sale or alternate could be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. Osprey intends to file a registration assertion on Type S-Four with the U.S. Securities and Change Fee (the “SEC”), which can embody a doc that serves as a prospectus and proxy assertion of Osprey, known as a proxy assertion/prospectus. A proxy assertion/prospectus will likely be despatched to all Osprey stockholders. Osprey additionally will file different paperwork concerning the proposed transactions with the SEC. Earlier than making any voting or funding choice, traders and safety holders of Osprey are urged to learn the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC in reference to the proposed transactions as they turn out to be accessible as a result of they are going to comprise necessary details about the proposed transactions.
Buyers and safety holders will be capable to receive free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC by Osprey by means of the web site maintained by the SEC at www.sec.gov.
The paperwork filed by Osprey with the SEC additionally could also be obtained freed from cost at Osprey’s web site at https://www.osprey-technology.com/ or from Osprey upon written request to 1845 Walnut Road, Suite 1111, Philadelphia, Pennsylvania 19103.
Contributors in Solicitation
Osprey and BlackSky and their administrators and government officers could also be deemed to be individuals within the solicitation of proxies from Osprey’s stockholders in reference to the proposed transactions. Osprey’s stockholders and different individuals might receive, with out cost, extra detailed data concerning the administrators and officers of Osprey in Osprey’s Annual Report on Type 10-Ok for the fiscal yr ended December 31, 2019, which was filed with the SEC on March 6, 2020, and in Osprey’s registration assertion on Type S-Four, which is anticipated to be filed by Osprey with the SEC in reference to the enterprise mixture. Data concerning the individuals who might, underneath SEC guidelines, be deemed individuals within the solicitation of proxies to Osprey’s stockholders in reference to the proposed enterprise mixture is about forth within the proxy assertion/prospectus on Type S-Four for the proposed enterprise mixture, which is anticipated to be filed by Osprey with the SEC in reference to the enterprise mixture.
A listing of the names of such administrators and government officers and knowledge concerning their pursuits within the transactions will likely be contained within the proxy assertion/prospectus when accessible. Chances are you’ll receive free copies of those paperwork as described within the previous paragraph.
This communication doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction through which such supply, solicitation, or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of such different jurisdiction.
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