GeoEye, Inc. [NASDAQ:GEOY] has signed a multi-year agreement with Mitsubishi Corporation to allow its Regional Affiliate, Japan Space Imaging Corporation (JSI), a Mitsubishi Corporation subsidiary, to collect and sell Earth imagery and related products from the GeoEye-1 satellite. The contract was signed March 28, 2008 in Tokyo. The receiving antenna will be located in Okinawa and the processing facility will be located in Tokyo, incorporating JSI’s existing IKONOS facilities. GeoEye-1 will be the world’s highest-resolution commercial imaging satellite when it launches later this year.
The GeoEye-1 satellite is designed to take highly precise images of the Earth from 425 miles (684 kilometers) in space. The 4,310 pound satellite will collect imagery that can distinguish objects on the Earth’s surface as small as 0.41-meter or about 16 inches in size. The GeoEye-1 satellite also provides 1.65-meter resolution multispectral imagery. Through a proprietary production capability, customers will have access to color imagery at the .41-meter resolution, which no other commercial imaging company will be able to match. However, due to current US government licensing regulations, non-U.S. government customers such as JSI will have access to GeoEye-1 imagery that has been re-sampled to half-meter resolution.
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