Spire’s LEMUR satellite will explore the on-board application of advanced machine learning capabilities
VIENNA, Va. (Spire Global PR) – Spire Global, Inc. (NYSE: SPIR) (“the Company” or “Spire”), a leading provider of space-based data, analytics and space services, today announced a partnership with Dragonfly Aerospace to support the Australian Government’s Office of National Intelligence (ONI) with a second satellite as a part of its ongoing National Intelligence Community Satellite (NICSAT) program. The follow-up program, NICSAT2, will see Spire designing, building, and launching the company’s Low Earth Multi-Use Receiver (LEMUR), a 6U satellite platform, with the capability of on-board computing and processing of machine learning and artificial intelligence across multi-modal data. Dragonfly Aerospace will provide a high-performance Gecko camera using its proprietary space-proven electronics and ruggedized optics for an easy-to-integrate imaging solution for the satellite.
Leading provider of space-based data and analytics chosen to support launch of agricultural product, expand image analysis solutions
VIENNA, Va. & RESTON, Va. (Spire Global PR) –Spire Global, Inc. (“Spire” or “the Company”), a leading provider of space-based data, analytics, and space services, is expanding its East Asian operations, announcing today a new partnership and satellite mission with its first South Korean Space Services customer, Hancom Group, a leading ICT convergence company. This will be the first commercial satellite mission for a private South Korean company.
Hancom will host an optical payload on a Low Earth Multi-Use Receiver (LEMUR), Spire’s 3U nanosatellite, named “HANCOM” to support the launch of a new product focused on the agriculture sector, including landscaping applications, and expansion of its existing image analysis portfolio offerings. In addition to utilizing Spire’s services for its own operations, Hancom will also act as Spire’s first reseller within South Korea. Spire continues to expand its partnerships to serve customers across the world.
Spire grows LEMUR CubeSat platform with newly deployed satellites
SAN FRANCISCO, Calif. & RESTON, Va. (Spire PR) — On April 29 Spire successfully deployed two new satellites into its LEMUR constellation. The satellites bring Spire to 143 total satellites launched, with more than 110 currently in orbit. This is the second launch of 2021 for Spire and 30th launch overall.
The Low Earth Multi-Use Receiver (LEMUR) is Spire’s CubeSat platform used to track maritime, aviation, and weather activity from space. Each satellite is equipped with multiple sensors, capable of capturing data day and night and during extreme weather conditions.
Spire collects spaced-based data through their proprietary constellation of over 100 satellites
Spire has a technology stack that is proven, at scale, and fully operational
Spire delivers subscription-based data, insights, and predictive analytics to global customers across a range of industries, including maritime, aviation, weather, and climate
Transaction funds growth strategy across key verticals and geographies, accelerates sales, marketing, and product development, and further strengthens competitive advantage
Transaction values the combined company at a $1.6 billion post-money equity value and is expected to provide approximately $475 million in gross proceeds, assuming no redemptions
Includes an upsized, and fully committed $245 million common stock PIPE, anchored by Tiger Global Management, funds and accounts managed by BlackRock, Hedosophia, JAWS – the family office of Barry Sternlicht, and Bloom Tree Partners
Spire stockholders, NavSight stockholders, and PIPE investors will hold shares in the combined company to be listed on the NYSE under the ticker symbol “SPIR”
Business combination expected to be completed in summer 2021
Investor webcast and call is scheduled for March 1st, at 8:30 AM EST
SAN FRANCISCO & RESTON, Va., March 1, 2021 (Spire Global/NavSight Holdings PR) — Spire Global, Inc. (“Spire” or the “Company”)a leading global provider of space-based data and analytics, and NavSight Holdings Inc. (“NavSight”) (NYSE: NSH), a special purpose acquisition company, today announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company.