Andrew Yee[_1_]
May 16th 08, 04:02 AM
GeoEye
May 14, 2008
GeoEye Scheduled to Launch Next-Generation Earth Imaging Satellite August
22, 2008 From Vandenberg AFB, California
GeoEye-1 Spacecraft Will Be World's Highest Resolution Commercial Earth
Imaging Satellite
DULLES, Va. -- GeoEye, Inc., a premier provider of satellite, aerial and
geospatial information, announced an August 22, 2008 launch date for its
next-generation, earth imaging satellite GeoEye-1. Boeing Launch Services
and GeoEye finalized this launch date in an amendment to the Launch Service
Agreement that was signed on May 7, 2008.
GeoEye-1 remains at the Gilbert, Ariz. facility of General Dynamics Advanced
Information Systems, GeoEye's prime contractor and integrator for the
satellite bus and telescope. The satellite will be shipped in early July to
Vandenberg Air Force Base in time to support the August launch on a United
Launch Alliance Delta II vehicle.
Bill Schuster, GeoEye's chief operating officer, said, "This contract
amendment is an important step on the road to launch. The satellite was
completed on budget, without any change orders which often increase costs.
We have and will continue to conduct exercises, rehearsals, training and
other risk-reduction measures to support the new launch date of August 22,
2008."
"GeoEye-1 demonstrates that high performing imaging satellites can be
developed within predictable cost and schedule objectives," said David
Shingledecker, vice president and general manager of integrated space
systems for General Dynamics Advanced Information Systems. "The maturity
level achieved with GeoEye-1 significantly lowers risk in the development of
future imaging satellites of this class for both commercial and government
customers."
GeoEye assembled a team of contractors with virtually a 100-percent mission
success record. ITT's Space Systems Division built the sensor or camera.
GeoEye-1 will be lifted into a near-polar orbit by a United Launch Alliance
Delta II launch vehicle provided by Boeing Launch Services (Huntington
Beach, Calif.).
Learn More about the Satellite
For more information about GeoEye-1 please visit:
http://launch.geoeye.com/
To receive timely, ongoing details about the launch and development of
GeoEye-1 products and services, sign up at
http://launch.geoeye.com/LaunchSite/news/signup.aspx
About GeoEye
GeoEye is the premier provider of geospatial information for the national
security community, strategic partners, resellers and commercial customers
to help them better map, measure and monitor the world. The Company is
recognized as the industry's trusted imagery experts for delivering reliable
service and the exceptional quality of its imagery products and solutions.
It operates a constellation of Earth imaging satellites, mapping aircraft
and has an international network of ground stations, a robust imagery
archive, and advanced imagery processing capabilities for developing
innovative geospatial products and solutions. Once launched August 22, 2008,
the GeoEye-1 satellite will be the world's highest resolution and most
accurate commercial imaging satellite. The Company also provides support to
academic institutions and non-governmental organizations through the GeoEye
Foundation. Headquartered in Dulles, Virginia, GeoEye is a public company
listed on the Nasdaq stock exchange under the symbol GEOY. It maintains a
comprehensive Quality Management System (QMS) and has achieved company-wide
ISO accreditation. For more information, visit
http://www.geoeye.com/
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Securities Exchange Act of 1934, as
amended. These forward-looking statements involve known and unknown risks
and uncertainties. GeoEye's actual financial and operational results could
differ materially from those anticipated. Additional information regarding
these risk factors and uncertainties is described more fully in the
Company's SEC filings. A copy of all SEC filings may be obtained from the
SEC's EDGAR web site,
http://www.sec.gov/
or by contacting: William L. Warren, Senior Vice President, General Counsel
and Secretary, at 703-480-5672.
Photo:
http://www.newscom.com/cgi-bin/prnh/20080514/LAW034
May 14, 2008
GeoEye Scheduled to Launch Next-Generation Earth Imaging Satellite August
22, 2008 From Vandenberg AFB, California
GeoEye-1 Spacecraft Will Be World's Highest Resolution Commercial Earth
Imaging Satellite
DULLES, Va. -- GeoEye, Inc., a premier provider of satellite, aerial and
geospatial information, announced an August 22, 2008 launch date for its
next-generation, earth imaging satellite GeoEye-1. Boeing Launch Services
and GeoEye finalized this launch date in an amendment to the Launch Service
Agreement that was signed on May 7, 2008.
GeoEye-1 remains at the Gilbert, Ariz. facility of General Dynamics Advanced
Information Systems, GeoEye's prime contractor and integrator for the
satellite bus and telescope. The satellite will be shipped in early July to
Vandenberg Air Force Base in time to support the August launch on a United
Launch Alliance Delta II vehicle.
Bill Schuster, GeoEye's chief operating officer, said, "This contract
amendment is an important step on the road to launch. The satellite was
completed on budget, without any change orders which often increase costs.
We have and will continue to conduct exercises, rehearsals, training and
other risk-reduction measures to support the new launch date of August 22,
2008."
"GeoEye-1 demonstrates that high performing imaging satellites can be
developed within predictable cost and schedule objectives," said David
Shingledecker, vice president and general manager of integrated space
systems for General Dynamics Advanced Information Systems. "The maturity
level achieved with GeoEye-1 significantly lowers risk in the development of
future imaging satellites of this class for both commercial and government
customers."
GeoEye assembled a team of contractors with virtually a 100-percent mission
success record. ITT's Space Systems Division built the sensor or camera.
GeoEye-1 will be lifted into a near-polar orbit by a United Launch Alliance
Delta II launch vehicle provided by Boeing Launch Services (Huntington
Beach, Calif.).
Learn More about the Satellite
For more information about GeoEye-1 please visit:
http://launch.geoeye.com/
To receive timely, ongoing details about the launch and development of
GeoEye-1 products and services, sign up at
http://launch.geoeye.com/LaunchSite/news/signup.aspx
About GeoEye
GeoEye is the premier provider of geospatial information for the national
security community, strategic partners, resellers and commercial customers
to help them better map, measure and monitor the world. The Company is
recognized as the industry's trusted imagery experts for delivering reliable
service and the exceptional quality of its imagery products and solutions.
It operates a constellation of Earth imaging satellites, mapping aircraft
and has an international network of ground stations, a robust imagery
archive, and advanced imagery processing capabilities for developing
innovative geospatial products and solutions. Once launched August 22, 2008,
the GeoEye-1 satellite will be the world's highest resolution and most
accurate commercial imaging satellite. The Company also provides support to
academic institutions and non-governmental organizations through the GeoEye
Foundation. Headquartered in Dulles, Virginia, GeoEye is a public company
listed on the Nasdaq stock exchange under the symbol GEOY. It maintains a
comprehensive Quality Management System (QMS) and has achieved company-wide
ISO accreditation. For more information, visit
http://www.geoeye.com/
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Securities Exchange Act of 1934, as
amended. These forward-looking statements involve known and unknown risks
and uncertainties. GeoEye's actual financial and operational results could
differ materially from those anticipated. Additional information regarding
these risk factors and uncertainties is described more fully in the
Company's SEC filings. A copy of all SEC filings may be obtained from the
SEC's EDGAR web site,
http://www.sec.gov/
or by contacting: William L. Warren, Senior Vice President, General Counsel
and Secretary, at 703-480-5672.
Photo:
http://www.newscom.com/cgi-bin/prnh/20080514/LAW034