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Dulles - May 29, 2003 Orbimage executives and investors reacted very positively after the White House released its new policy on Commercial Remote Sensing yesterday. The policy released by the Bush Administration replaces that from 1994 from President Clinton and significantly relaxes restrictions on what capabilities U.S. commercial remote sensing companies can provide both domestically and internationally with the goal to maintain this country's leadership in remote sensing space activities. As a practical result of the ongoing National Space Policy Review, the new policy exhorts U.S. Government Agencies to maximize its use of commercial remote sensing space capabilities to fulfill the imagery needs for military, intelligence, foreign policy, homeland security and civil uses, and to develop a long-term, sustainable relationship with the U.S. commercial remote sensing space industry. "This timely announcement is good news at Orbimage as we are just weeks away from launching OrbView-3, our first high resolution imaging satellite," said Matt O'Connell, Orbimage's CEO. "We are grateful the new policy incorporates many of the changes we sought to help assure Orbimage's future viability. Not only will it reinforce our existing partnership with the National Imagery and Mapping Agency (NIMA), this new policy also helps to remove uncertainty in the eyes of capital markets as to the extent all government agencies will partner with Orbimage, and our commercial industry, for its imagery and mapping needs." At the Commercial Satellite and Remote Sensing Symposium in Washington, D.C. today, Orbimage's Executive Vice President and CFO, Armand Mancini, stated, "This new policy helps Orbimage to gain better visibility into future revenues and provides a solid foundation to build a profitable business through our expanding relationships with the U.S. Government and international partners." The OrbView-3 Satellite was developed and built for Orbimage by Orbital Sciences Corporation at its satellite manufacturing facility in Dulles, Virginia. OrbView-3 will provide high-resolution imagery from space. OrbView-3's high-resolution camera will acquire one-meter resolution panchromatic (black and white) and four-meter resolution multispectral (color) imagery. This imagery will be valuable to customers around the world for a wide-range of commercial, government and consumer applications. With the ability to image virtually anywhere in the world within three days, Community Email This Article Comment On This Article Related Links Orbimage SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express Earth Observation News - Suppiliers, Technology and Application
New Legislation Initiated To Support Commercial Remote Sensing Industry
New York NY (SPX) Jan 11, 2006The importance of remotely sensed data and technologies to support natural disasters has prompted attention and action in Washington. New initiatives and legislation authorizing appropriations to the remote sensing industry will be discussed at Strategic Research Institute's U.S. Commercial Remote Sensing Industry conference, scheduled for February 9-10, 2006 in Washington D.C. |
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