KeyW Announces Next-Generation Payload Demonstrations Powered by Spire Global's Hosted Payload Service
HANOVER, Md., March 11, 2019 (GLOBE NEWSWIRE) -- The KeyW Holding Corporation (NASDAQ:KEYW) today announced that it has chosen Spire Global, Inc.'s hosted payload service to rapidly validate several of KeyW's next-generation Innovative Space (InSpace) technologies. Spire's hosted payload service will also enable KeyW to rapidly deploy larger constellations, as appropriate.
Spire operates one of the world largest constellations of nanosatellites and a network of Earth-stations to collect shipping, aircraft and weather data from around the Earth. Spire also hosts the payloads of third parties on its satellites as part of its "Space-as-a-Service" product.
"KeyW is focused on validating our next-generation technologies in space to open additional high margin, revenue-generation opportunities for our advanced technologies," said KeyW Chief Executive Officer Bill Weber. "By leveraging Spire's reliable, proven and cost-effective capability, KeyW intends to demonstrate our speed and innovation in delivering high priority intelligence, surveillance and reconnaissance solutions to our core customers."
Spire CEO Peter Platzer commented, "This contract reflects our mission to inspire, lead, and create the business of Earth observation for the benefit of all. The KeyW InSpace initiative is the first of what will be many opportunities for Spire's Orbital Services to provide fast and cost-effective access to space that comes from using the most scalable satellite platform available today."
KeyW is an innovative national security solutions provider to the Intelligence, Cyber, and Counterterrorism communities. KeyW's advanced technologies in cyber; intelligence, surveillance and reconnaissance; and analytics span the full spectrum of customer missions and enhanced capabilities. The company's highly skilled workforce solves complex customer challenges such as preventing cyber threats, transforming data to actionable intelligence, and building and deploying sensor packages into any domain. For more information, please visit www.KeyWCorp.com or follow @KeyWCorp on Twitter.
About Spire Global Inc.
Spire Global Inc. is a space-to-cloud analytics company that utilizes proprietary satellite data and algorithms to provide the most advanced maritime, aviation, and weather tracking in the world. Spire's data analytics is backed by a wholly owned and developed constellation of nanosatellites, global ground station network, and 24/7 operations that provide real-time global coverage of every point on Earth. To learn more, visit www.spire.com.
Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements containing the words "estimates," "believes," "anticipates," "plans," "expects," ‘will," "potential," "opportunities," and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements, including, but not limited to, express or implied statements concerning: our expectations regarding our future financial performance, including the potential impact of successful contract awards; our bid and proposal pipeline; our ability to achieve projected growth in certain of our business units and the expected timing of such growth; demand for our products, services and solutions serving the intelligence, cyber and counterterrorism communities; and performance of key contracts, including the timing of production related to certain of our contracts and product offerings. Factors that may cause our results to differ, potentially materially, from those expressed or implied in our forward-looking statements include, but are not limited to: risks to our business and financial results related to reductions and other spending constraints imposed on the U.S. Government, including as a result the Federal budget deficit and Federal government shut-downs; risks of adverse regulatory action or litigation; risks that changes, cutbacks or delays in spending by Intelligence Community (IC) customers, including the National Security Agency (NSA), the National Geospatial-Intelligence Agency (NGA), and other agencies within the IC, the Federal Bureau of Investigation, and the Department of Defense (DoD) may occur, which could cause delays or cancellations of key government contracts; risks of delays to or the cancellation of our projects as a result of protest actions submitted by our competitors; risks that changes may occur in Federal government (or other applicable) procurement laws, regulations, policies and budgets; risks related to 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; and those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 16, 2018 with the Securities and Exchange Commission (SEC), and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, investors are cautioned not to place undue reliance on such forward-looking statements. We are under no obligation to (and expressly disclaims any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
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Vice President, Investor Relations and Treasury
Source: KeyW Corp.