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Access to online, high-resolution satellite imagery allows customers to remotely monitor assets and operations around the globe
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has surpassed 200 customers using SecureWatch , its cloud-based, geospatial subscription service. Contracted revenue for the product has roughly doubled in the past year.
SecureWatch allows end users to access and exploit a variety of data sources, including Maxar's 110-petabyte library of high-resolution satellite imagery, daily WorldView imagery collections, low-resolution Sentinel-1 and Sentinel-2 satellite imagery and commercial synthetic aperture radar (SAR) data from RADARSAT-2. Most SecureWatch customers leverage the platform and its capabilities for monitoring and mapping applications, including high-definition mapping at scale around the world, detecting change and observing assets over time and planning humanitarian assistance and disaster responses.
Maxar's Engineering and Product teams are constantly improving SecureWatch to better serve our customers and mission partners. Recently, Maxar added Persistent Change Monitoring (PCM), an automated, image-based change detection data layer, as a standard capability on all SecureWatch Premium accounts, allowing end users to identify areas of human activity and save time when analyzing the latest imagery collections. For full details on how PCM can enhance monitoring and mapping efforts, read our latest blog post .
Next year, with the launch of Maxar's WorldView Legion satellites, SecureWatch subscribers will benefit from dramatically expanded sub-30 cm image collection capacity. These satellites will allow Maxar to monitor the most dynamic parts of the globe up to 15 times per day, from sun-up to sun-down.
"Maxar's SecureWatch platform provides an intuitive way to extract Earth intelligence from massive amounts of satellite imagery to enable better decision making," said Jeff Culwell, Maxar's Chief Product Officer. "We're proud to leverage commercial innovation to support hundreds of customers who have various missions and projects around the globe."
Customers are integrating the SecureWatch platform into their decision-making workflows across a broad range of sectors, including commercial technology, international defense and intelligence, and civil government. Visit the SecureWatch product page to receive a demonstration of how the platform can provide a critical information advantage.
About Maxar
Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,000 team members in 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
Forward-Looking Statements
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may," "will," "could," "should," "would," "plan," "potential," "intend," "anticipate," "believe," "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov , under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com .
The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
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Investor Relations Contact:
Jason Gursky
Maxar VP, Investor Relations and Corporate Treasurer
1-303-684-2207
jason.gursky@maxar.com
Media Contact:
Kristin Carringer
Maxar Media Relations
1-303-684-4352
kristin.carringer@maxar.com
