New task order continues delivery of
comprehensive space data and opens availability to all U.S.
Government-funded researchers and federal agencies
Spire Global, Inc. (“Spire” or “the Company”), a leading global
provider of space-based data and analytics, has announced the
continuation of its participation in NASA’s Commercial Smallsat
Data Acquisition (CSDA) Program with a six-million-dollar contract
extension. The contract continuation, Task Order 6 (TO6), is a
subscription data solution that includes radio occultation (RO)
data, grazing angle GNSS-RO, total electron content (TEC) data,
precise orbit determination (POD) data, soil moisture and ocean
surface wind speed GNSS-Reflectometry data, and magnetometer data.
This data will be available to all federal agencies, NASA-funded
researchers and, more broadly, to all U.S. Government-funded
researchers for scientific purposes.
Under CSDA Program TO6, Spire will deliver a comprehensive
catalog of data, associated metadata, and ancillary information
from its Earth-orbiting small-satellite constellation. The Company
operates its constellation in low Earth and collects upwards of
10,000 radio occultations per day with consistent global coverage.
For TO6, Spire will provide rolling access to 12 months of radio
occultation data with a 30-day latency. This data will be archived
and maintained by NASA under the CSDA Program’s SmallSat Data
Explorer (SDX) database.
“Programs like CSDA highlight the incredible potential of
private-public partnerships in the federal government to
drastically accelerate our ability to confront some of the greatest
challenges of our time, such as climate change,” said Peter
Platzer, CEO of Spire. “With the end-user license agreements, our
data is now available to all federal agencies and the larger NASA
scientific community to help support Earth observation research
across fields.”
The program includes end-user license agreements (EULAs) to
enable broad levels of dissemination and shareability. All federal
agencies and U.S. Government-funded researchers will have access to
Spire’s data for scientific purposes under TO6 and will be able to
request access to the data via the CSDA Program’s Commercial
Datasets webpage.
“At NASA, the CSDA Program has continued to blossom as a
valuable resource to our team for our Earth observation research
and analysis. We are committed to growing the program as well as
continuing the work we have started,” said Will McCarty, Project
Scientist at the CSDA Program and Research Meteorologist at NASA
Global Modeling and Assimilation Office. “Spire has been a valued
partner through CSDA’s development since its inception, and with
this additional task order, we are excited about the new insights
and results that will come not only from within NASA but also
through broader collaboration through the domestic government
scientific community.”
NASA has used Spire data in its research regarding water and sea
ice levels in the polar regions, the height of the Planetary
Boundary Layer (PBL), and the day-to-day variability of
thermospheric density at flight level. NASA also noted that Spire
data has shown positive benefit to its GEOS Atmospheric Data
Assimilation System, which uses space-based data to analyze the
Earth’s atmosphere and assimilate the data into its Earth
observation systems. As one of the original vendors for the CSDA
Program, Spire provides NASA yearly updates to the scope of work
under this agreement to ensure alignment of data to the agency’s
needs.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics
that offers unique datasets and powerful insights about Earth from
the ultimate vantage point so organizations can make decisions with
confidence, accuracy, and speed. Spire uses one of the world’s
largest multi-purpose satellite constellations to source hard to
acquire, valuable data and enriches it with predictive solutions.
Spire then provides this data as a subscription to organizations
around the world so they can improve business operations, decrease
their environmental footprint, deploy resources for growth and
competitive advantage, and mitigate risk. Spire gives commercial
and government organizations the competitive advantage they seek to
innovate and solve some of the world’s toughest problems with
insights from space. Spire has offices in San Francisco, CA,
Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On
March 1, 2021 Spire announced plans to go public through an
anticipated business combination with NavSight Holdings, Inc.
(NYSE: NSH), to be traded on the NYSE under the ticker symbol
“SPIR.”
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. NavSight was organized
with the opportunity to pursue a business combination target in any
business or industry, with the intent to focus its search on
identifying a prospective target business that provides expertise
and technology to U.S. government customers in support of their
national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire
(the “Proposed Transaction”), NavSight has filed a Form S-4
Registration Statement (the “Registration Statement”) with the SEC,
which includes a preliminary proxy statement to be distributed to
holders of NavSight’s common stock in connection with NavSight’s
solicitation of proxies for the vote by NavSight’s stockholders
with respect to the Proposed Transaction and other matters as
described in the Registration Statement, a prospectus relating to
the offer of the securities to be issued to the Company’s
stockholders in connection with the Proposed Transaction, and an
information statement to Company’s stockholders regarding the
Proposed Transaction. After the Registration Statement is declared
effective, NavSight will mail a definitive proxy
statement/prospectus, when available, to its stockholders.
Investors and security holders and other interested parties are
urged to read the proxy statement/prospectus, any amendments
thereto and any other documents filed with the SEC carefully and in
their entirety because they will contain important information
about NavSight, the Company and the Proposed Transaction. Investors
and security holders may obtain free copies of the preliminary
proxy statement/prospectus and definitive proxy
statement/prospectus (when available) and other documents filed
with the SEC by NavSight through the website maintained by the SEC
at http://www.sec.gov, or by directing a request to: NavSight
Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA
20191.
Participants in Solicitation
NavSight and the Company and their respective directors and
certain of their respective executive officers and other members of
management and employees may be considered participants in the
solicitation of proxies with respect to the Proposed Transaction.
Information about the directors and executive officers of NavSight
is set forth in its Form 10-K/A and 10Q filed on May 12, 2021 and
May 24, 2021, respectively. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise,
is included in the Registration Statement and other relevant
materials filed with the SEC regarding the Proposed Transaction.
Stockholders, potential investors and other interested persons
should read the Registration Statement carefully before making any
voting or investment decisions. These documents can be obtained
free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of the federal securities laws with
respect to the Proposed Transaction. Forward-looking statements may
be identified by the use of words such as “estimate,” “plan,”
“project,” “forecast,” “intend,” “will,” “expect,” “anticipate,”
“believe,” “seek,” “target” or other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding expectations
of accelerating Spire’s sales and marketing efforts, expectations
of product development and the applicability of such products to
Spire’s market, the strengthening of Spire’s competitive advantage,
the importance of Spire’s products and capabilities to Spire’s
target markets, the expansion of Spire’s business to new regions
and markets, Spire’s future growth, estimates and forecasts of
financial and performance metrics, expectations of achieving and
maintaining profitability, projections of total addressable
markets, market opportunity and market share, revenue derived from
the NASA contract and results of the NASA partnership, the net
proceeds from the Proposed Transactions, potential benefits of the
Proposed Transaction and the potential success of the Company’s
market and growth strategies, and expectations related to the terms
and timing of the Proposed Transaction. These statements are based
on various assumptions and on the current expectations of
NavSight’s and the Company’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of NavSight and the
Company. These forward-looking statements are subject to a number
of risks and uncertainties, including (i) the risk that the
Proposed Transaction may not be completed in a timely manner or at
all, which may adversely affect the price of NavSight's securities;
(ii) the risk that the Proposed Transaction may not be completed by
NavSight's business combination deadline and the potential failure
to obtain an extension of the business combination deadline if
sought by NavSight; (iii) the failure to satisfy the conditions to
the consummation of the Proposed Transaction, including the
approval of the Proposed Transaction by the stockholders of
NavSight, the satisfaction of the minimum trust account amount
following any redemptions by NavSight's public stockholders and the
receipt of certain governmental and regulatory approvals; (iv) the
inability to complete the PIPE investment in connection with the
Proposed Transaction; (v) the failure to realize the anticipated
benefits of the Proposed Transaction; (vi) the effect of the
announcement or pendency of the Proposed Transaction on Spire’s
business relationships, performance, and business generally; (vii)
risks that the Proposed Transaction disrupts current plans of Spire
and potential difficulties in Spire employee retention as a result
of the Proposed Transaction; (viii) the outcome of any legal
proceedings that may be instituted against NavSight or Spire
related to the business combination agreement or the Proposed
Transaction; (ix) the ability to maintain the listing of NavSight’s
securities on the New York Stock Exchange; (x) the ability to
address the market opportunity for Space-as-a-Service; (xi) the
risk that the Proposed Transaction may not generate expected net
proceeds to the combined company; (xii) the ability to implement
business plans, forecasts, and other expectations after the
completion of the Proposed Transaction, and identify and realize
additional opportunities; (xiii) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the business combination agreement; (xiv) the risk
of downturns, new entrants and a changing regulatory landscape in
the highly competitive space data analytics industry; and those
factors discussed in NavSight’s Form S-4/A filed on June 25, 2021
under the heading “Risk Factors,” and other documents of NavSight
filed, or to be filed, with the SEC. If any of these risks
materialize or the Company’s assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither NavSight nor the Company presently know or that NavSight
and the Company currently believe are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect NavSight’s and the Company’s expectations, plans or
forecasts of future events and views as of the date of this press
release. NavSight and the Company anticipate that subsequent events
and developments will cause NavSight’s and the Company’s
assessments to change. However, while NavSight and the Company may
elect to update these forward-looking statements at some point in
the future, NavSight and the Company specifically disclaim any
obligation to do so. These forward-looking statements should not be
relied upon as representing NavSight’s and the Company’s
assessments as of any date subsequent to the date of this press
release. Accordingly, undue reliance should not be placed upon the
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210714005346/en/
For Spire Global, Inc.: Hillary Yaffe
hillary.yaffe@Spire.com
For NavSight Holdings, Inc.: Jack Pearlstein
jack@navsight.com
NavSight (NYSE:NSH)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
NavSight (NYSE:NSH)
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부터 11월(11) 2023 으로 11월(11) 2024
