LONGMONT, Colo.--(BUSINESS WIRE)--Exelis (NYSE: XLS) and DigitalGlobe, Inc. (NYSE: DGI) have agreed to provide a new commercial offering of cloud-based ENVI earth science analytics for the DigitalGlobe Geospatial Big Data (GBD) platform. ENVI is the industry-leading remote sensing analytical software used by government, academic, and private industry organizations to extract meaningful information from imagery and sensor data.
The agreement will enable all imagery users and customers of Exelis and DigitalGlobe to easily combine powerful ENVI geospatial analytics with the vast DigitalGlobe image library to solve challenging environmental, natural resource, and global security problems.
“This agreement between Exelis and DigitalGlobe creates a single platform that customers can effectively use to solve challenging problems and define new market opportunities,” said Chris Young, president of Exelis Geospatial Systems. “This platform removes the logistical challenges that have inhibited this sort of innovation such as processing power, data storage, and hardware cost.”
Designed and built by Exelis, ENVI image analysis software has been used for more than 25 years to extract meaningful information from geospatial data. ENVI software helps users make better decisions regarding mineral exploration, precision agriculture, environmental degradation, national defense, and more.
DigitalGlobe’s cloud-based GBD offering is a PaaS (Platform as a Service) model designed to create a new ecosystem in which partners and developers can leverage their expertise and an application programming interface, or API, to create new customer solutions at a global scale.
“We are thrilled to have the opportunity to expose our 15-year catalog of high-resolution satellite imagery to ENVI’s technologically sophisticated user base,” said Hyune Hand, DigitalGlobe’s senior vice president of Product Marketing and Management. “By coupling our imagery with these advanced analytic tools, users will be able to extract incredibly valuable information and insight about our changing planet -- at scale.”
About Exelis
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a greater than 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. Exelis is a leader in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems; and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Virginia, Exelis employs approximately 10,000 people and generated 2014 sales of approximately $3.3 billion For more information, visit our website at www.exelisinc.com or connect with us on Facebook, Twitter, LinkedIn and YouTube.
About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.
Special note about forward-looking statements
Certain statements contained herein and in other of our reports, filings, and public announcements may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “looks forward to” or the negative of these terms or other similar words, although not all forward-looking statements contain these words.
Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the administration, or budgetary cuts resulting from Congressional committee recommendations or automatic sequestration under the Budget Control Act of 2011); the risk that U.S. government sanctions against specified companies and individuals in Russia may limit our ability to conduct business with potential or existing customers; the outcome of pending or threatened litigation; the loss or impairment of any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our imagery archives; interruption or failure of our ground system and other infrastructure; decrease in demand for our imagery products and services; increased competition, including possibly from companies with substantial financial and other resources and services, that may reduce our market share or cause us to lower our prices; our inability to fully integrate acquisitions or to achieve planned synergies; changes in satellite imaging technology; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2014.
We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.