HFX will fund a Satellogic Dedicated Satellite Constellation, providing Ukraine new capabilities to task and receive timely high-resolution satellite imagery
FOR IMMEDIATE RELEASE
Washington, DC — HFX today launched the worldwide Ukraine Victory Fund with an initial aim of raising $10 million to dramatically improve Ukraine’s access to satellite imagery as it fights Russia’s invasion.
The move comes after Ukraine’s Ministry of Defence asked for help in raising funds for a Dedicated Satellite Constellation (DSC) – a service provided by Earth observation satellite and data company, Satellogic – to track Russian troop movements and enhance the security of departure routes for refugees.
“We are launching the Ukraine Victory Fund because this is our war too, and we need to win,” said HFX President Peter Van Praagh. “We are choosing to aid Ukraine in the best way we can, delivering advanced capabilities for critical intelligence that will enable more timely and informed strategic decisions,” he added.
Satellogic will deploy its Dedicated Satellite Constellation service enabling Ukraine to manage a fleet of satellites for encrypted tasking and satellite imagery. It will drastically increase the country’s access to high-resolution images and video intelligence.
Currently, Ukraine receives satellite imagery from friendly governments and companies. This new system would fall under the direct control of the Ukrainian government.
“The Ukrainian fight against Russia’s criminal war has been inspirational. Let’s get them the tools they need,” said Van Praagh.
About Halifax International Security Forum
Halifax International Security Forum is an independent, non-profit, non-partisan organization based in Washington DC. Its annual Forum in the Nova Scotia capital is recognized widely as North America’s leading foreign affairs and defense conference. The Forum attracts senior politicians – including a significant delegation from the United States Congress — top military commanders, strategists, thinkers, influential journalists, and business leaders from across the democratic world. The 2022 Forum will be held November 18-20.
HFX also convenes high-level meetings in Washington DC, London, and elsewhere, as well as produces public policy recommendations and strategic advice on major geopolitical challenges.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ:SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data of high-resolution images and analytics through its information platform to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.
With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.
Find out more at https://satellogic.com/