Satellogic signs 3 year deal with Albania to access dedicated satellite constellation

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, announced that it has reached a three-year agreement with the Government of Albania to develop a Dedicated Satellite Constellation. This unique program derives from Satellogic's Constellation-as-a-Service model and will provide Albania with responsive satellite imagery capabilities across its sovereign territory.

Satellogic's unique offering enables municipal, state, and national governments to manage a fleet of satellites over a specific area of interest and develop an EO imaging program at unmatched frequency, resolution, and cost.

Satellogic will enable Albania to address pressing issues involving agriculture management, illegal crops, illegal construction activity, traffic management, wildfire monitoring, border security, and environmental monitoring through high-quality imagery with country-wide capacity at a cost-effective price point.

Albania will have priority access to two satellites, which will be named "Albania-1" and "Albania-2", that are expected to join Satellogic's fleet in its upcoming satellite launch with SpaceX.

"With the Dedicated Satellite Constellation, Satellogic will accelerate Albania's participation in the New Space Economy. Additionally, these satellites will provide unprecedented, country-wide situational awareness via the best data from space," said Emiliano Kargieman, CEO and Co-Founder of Satellogic.

"Albania is aiming to develop its involvement in the space community by leveraging the power of high-resolution satellite imagery, and we're excited for the opportunity to support the country's ambitions as well as its duties as a member of NATO."

Through Satellogic's cloud infrastructure, Albania will have access to responsive tasking, analysis, and dissemination of critical insights and information. Satellogic will facilitate training of remote-sensing specialists within the Albanian Government to assist in the analysis and dissemination of satellite-derived products to various ministries in the country and build the capacity of the Albanian space economy.

Today's news follows Satellogic's recent announcement of a contract to monitor all subnational protected areas on the planet through the new GREEN+ Jurisdictional Programme. As part of this agreement, Satellogic will collect high-resolution satellite imagery over all the Earth's forests until 2025, allowing individuals and organizations to accurately monitor the compliance of signatory jurisdictions to avoid deforestation.

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