Once launched, WorldView-3 will be the third WorldView-class satellite in DigitalGlobe's constellation. The satellite is scheduled for launch in 2014. It will feature the same innovative technologies that have helped DigitalGlobe amass the largest high definition satellite image library in the world, and speed up the daily process of collecting, analyzing and delivering imagery and information to customers.
"The need for up-to-date satellite imagery and the insights it provides to our government and commercial customers grows every day," said DigitalGlobe Chairman and CEO, Jill Smith. "We are significantly enhancing our commercial satellite constellation with WorldView-3, and are delighted to name Lockheed Martin and its United Launch Alliance subcontractor as our launch services partners. Their teams have consistently demonstrated the highest degree of reliability on many important space missions. We are confident that our own mission with them will be a success."
WorldView-3 will be launched on a Lockheed Martin Commercial Launch Services-provided Atlas V rocket into a sun-synchronous orbit from Vandenberg AFB, California, and will be operational approximately 90 days after launch. With WorldView-3 in orbit, the DigitalGlobe constellation will be capable of collecting more than 1 billion square kilometers per year.
WorldView-3 will be the third DigitalGlobe satellite to feature Control Moment Gyros (CMG), which makes DigitalGlobe's satellites more agile so that they can collect imagery of larger areas faster and with greater flexibility. It will also be the second satellite to feature 8-band multi-spectral technology, which allows DigitalGlobe to collect more data from images; automatically extract more information from them; and deliver deeper insight to customers. Both technologies are currently available exclusively within the DigitalGlobe constellation.
DigitalGlobe continues to expect that its total capital spending program associated with EnhancedView, including the launch of WorldView-3 and expanded ground infrastructure, will be approximately $650 million between 2010 and 2014.
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
http://www.digitalglobe.com.
DigitalGlobe is a registered trademark of DigitalGlobe. All other referenced trademarks are the property of their respective owners.
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.
