Press Release From: MDA
Posted: Monday, December 17, 2018
MDA, a Maxar Technologies company (NYSE: MAXR) (TSX: MAXR), and Orbital Insight, a leading provider of geospatial analytics, today announced the latest agreement providing new datasets for Orbital Insight’s product offerings. MDA will provide high-resolution imagery from its RADARSAT-2 synthetic aperture radar (SAR) satellite to Orbital Insight, which will process and transform the data into actionable intelligence for the energy industry.
“Building on an already strong relationship with a second Orbital Insight contract award, MDA will provide valuable insight into energy supply chains by enabling timely, reliable imaging of global oil storage sites, regardless of cloud cover,” said Mike Greenley, group president of MDA. “This solution reinforces the unique and powerful combination of RADARSAT-2’s large imaging capacity and timely data delivery, with Orbital Insight’s geospatial analytics capabilities, to grow the market for information derived from SAR imagery.”
MDA’s RADARSAT-2 has global monitoring capabilities, including a large collection capacity and high-resolution radar imaging. The satellite acquires data regardless of light or weather conditions, due to its active imaging mechanism. As a result, RADARSAT-2 provides an accurate and reliable source of information about ground activity such as changes in oil tank inventories. Orbital Insight will use the imagery to create oil inventory information that is incorporated into its energy products, which include the Global Geospatial Crude Index, a single number that objectively captures global crude inventory insights on a daily basis. Orbital Insight’s customers use the Global Geospatial Crude Index to make economic decisions with confidence in global energy markets.
“Having access to cutting-edge datasets strengthens our product offerings, so we’re pleased to deepen our relationship with MDA as a key imagery provider,” said Dr. James Crawford, founder and CEO of Orbital Insight. “SAR imagery is valuable because it provides information even if conditions on the ground aren’t visible due to weather or lighting. Expanding this partnership delivers direct customer value.”
This new contract expands Orbital Insight’s relationship with Maxar Technologies. The geospatial analytics firm also has a multi-year partnership with DigitalGlobe focused on high-resolution electro-optical satellite imagery and DigitalGlobe’s Geospatial Big Data platform (GBDX). Orbital Insight refines its analytic capabilities using DigitalGlobe’s satellite imagery at petabyte-scale on GBDX, revealing insights for industry use cases such as estimating harvest yields, making more accurate retail predictions, and monitoring global energy and natural resource markets.
MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defence and maritime systems, and geospatial radar imagery. MDA’s extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada’s most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax and the United Kingdom. MDA is a Maxar Technologies company (TSX: MAXR; NYSE: MAXR). For more information, visit www.mdacorporation.com.