Satellogic Inc. (NASDAQ: SATL), provider of sub-meter resolution Earth Observation data (“EO”) collection, announced recently that it has signed a memorandum of understanding (“MoU”) with OHB SE, a German-based aerospace and technology group (“OHB”). Together, the companies plan to explore collaborative opportunities to develop advanced EO data based services, leveraging Satellogic’s growing constellation of high-resolution EO satellites.
The agreement underlines the joint commitment of the two companies to support the use of EO data and products for a greener and more sustainable planet, including applications for day-to-day decision-making in the fields of agriculture, forestry, energy, critical infrastructures, and climate change mitigation.
“In today’s fast-moving space world, cooperation between different players is essential and mutually beneficial,” said Ermanno Chiri, Corporate and Business Strategy Manager at OHB. “By collaborating with Satellogic, we will further expand our Earth observation capabilities and we are very proud that this collaboration will enable new solutions to promote sustainability and environmental protection.”
The collaboration between OHB and Satellogic aims at developing cost-effective and sustainable services through the mutual promotion of EO products, with a focus on downstream applications, and will drive the adoption of EO imagery and value-added services in various markets, including agriculture and urban solutions for commercial and institutional customers.
OHB has been an active player in the EO downstream market for several years following the establishment of the “DIGITAL” business unit in 2020 and is involved in the partnership with multiple subsidiaries: OHB System AG, OHB Digital Connect GmbH, OHB Digital Services GmbH and GEOSYSTEMS GmbH.
“To find the right answer to customer problems, services need to work with appropriate data,” explained Irmgard Runkel, Managing Director of OHB GEOSYSTEMS. “In most cases, we are looking for high-frequency and high-resolution data. Satellogic has an intelligent concept that meets these requirements. We see great potential for this data in different application areas and working with Satellogic allows us to improve our solution by using their data.”
Luciano Giesso, Head of Global Government Sales at Satellogic, added, “This collaboration with OHB marks an important milestone in Satellogic’s mission to democratise access to Earth Observation and establishes the foundations for a European integrated data and analytics platform. We are enthusiastic about the opportunities this will offer European users to improve their decision-making process through high-revisit, high-resolution data enabled insights in areas ranging from agriculture, urban development, security, and more.”