Satellogic today announced a new partnership with GeoTerraImage, the premier geospatial solutions provider in southern Africa. GeoTerraImage will leverage Satellogic’s high-resolution multispectral satellite data and low-latency hyperspectral data for large-scale agriculture management to help the continent develop new food systems and food-security solutions.
GeoTerraImage is a trusted solutions provider for customers across Africa and globally. By leveraging Satellogic’s high-resolution, high-frequency geospatial data and combining it with their proprietary software and algorithms, GeoTerraImage will bring differentiated and value-added products and services to their end customers. Imagery from Satellogic’s growing constellation will fuel new agricultural analysis and dashboards to be utilized by organizations across the continent and beyond.
According to the 2020 Edition of African Space Industry Annual Report, demand for space data is increasing at an exponential rate in Africa. The industry, which is growing at a CAGR of 7.3%, is expected to reach $10B USD by 2024. Over $717M USD was spent on satellite projects in 2019. From 2010 to 2020 the African EO and geospatial sector grew by 96% or about 10% annually.
"This is an incredibly exciting time for the African space industry. Satellogic is thrilled for the opportunity to contribute to the continued growth and development of the region’s geospatial capabilities," said Thomas VanMatre, Vice President of Global Business Development, Satellogic. "By providing high-resolution, high-frequency imagery at an affordable price point, Satellogic will help GeoTerraImage solve some of the most challenging resource-allocation and food-security challenges of our time."
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