Satellogic and Uzma Partnership for Satellite Imagery in Southeast Asia

Satellogic, an innovative satellite imaging company, and Uzma, a prominent energy and technology firm, have joined forces in a multimillion dollar, three-year deal to enhance satellite imagery capabilities and geospatial services in Southeast Asia. This exciting collaboration has already ignited a 23% surge in Satellogic shares, which now stand at $1.96.

Despite experiencing a 52% decline in the past year, Satellogic's stock closed Wednesday's session with an impressive 12% increase, demonstrating renewed investor interest.

The partnership entails harnessing Satellogic's cutting-edge earth-observation satellite, scheduled for launch in the second half of 2024 via a SpaceX Falcon 9 rocket. This state-of-the-art satellite will provide comprehensive tasking access to the expansive Satellogic constellation.

Uzma, equipped with this unique satellite technology, will be empowered to capture precise satellite imagery on-demand, with the added advantages of frequent revisits, exceptional responsiveness, and extensive collection capacity. These enhanced capabilities will greatly enhance Uzma's business operations by enabling swift responses to market trends and opportunities. Furthermore, the availability of up-to-date and accurate geospatial data will enable Uzma's customers to make informed decisions with confidence.

This groundbreaking partnership between Satellogic and Uzma marks a significant milestone in advancing satellite imagery and geospatial services in Southeast Asia. It reinforces their commitment to technological innovation while exemplifying their dedication to meeting the evolving needs of businesses operating in the region.