TechWeb

GeoEye Receives Additional U.S. Government Awards Totaling $22 Million

Jun 04, 2008 (10:06 AM EDT)
URL: http://www.techweb.com/show-press-release/X700318/geoeye-receives-additional-u-s-government-awards-totaling-22-million.html

DULLES, Va., June 4 /PRNewswire-FirstCall/ -- GeoEye, Inc. , a premier provider of satellite, aerial and geospatial information, announced new awards totaling $22 million to supply geospatial products and related services. Under this award GeoEye will provide the National Geospatial-Intelligence Agency (NGA) a significant amount of value-added, imagery-based geospatial-intelligence products including the company's airport mapping product line. Imagery processing and production will be performed at GeoEye's advanced imagery processing centers located in St. Louis, Mo. and Thornton, Colo. These awards are in addition to the task order for imagery purchases the company received from NGA last fall.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060112/DCTH008LOGO )

Bill Wilt, GeoEye's vice president of North American Sales commented, "Our high-resolution imagery and products provide a critical supplement to the NGA for updating its mapping databases with highly accurate, broad-area coverage. We continue to work with NGA to harmonize the ordering process and are gratified that NGA has issued a request for proposal to us regarding the creation of a service level agreement."

Last month, the company announced an August 22, 2008 launch date for its next-generation, earth-imaging satellite GeoEye-1. Once launched, it will be the world's highest resolution commercial earth-imaging satellite. GeoEye-1 will be able to collect images with a ground resolution of 0.41-meters or 16 inches in the panchromatic, or black-and-white mode, and collect multispectral, or color imagery, at 1.65-meter resolution. The first stage of the United Launch Alliance Delta II launch vehicle has already arrived at Vandenberg Air Force Base, Calif.

For more information about the satellite please visit: http://launch.geoeye.com http://launch.geoeye.com/LaunchSite/news/signup.aspx . To receive timely, ongoing details about the launch and development of GeoEye-1 products and services, sign up at .

About GeoEye

GeoEye is the premier provider of geospatial information for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. The Company is recognized as the industry's trusted imagery experts for delivering reliable service and the exceptional quality of its imagery products and solutions. It operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced imagery processing capabilities for developing innovative geospatial products and solutions. Once launched August 22, 2008, the GeoEye-1 satellite will be the world's highest resolution and most accurate commercial imaging satellite. The Company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. Headquartered in Dulles, Virginia, GeoEye is a public company listed on the Nasdaq stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, www.sec.gov , or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

CONTACT: Mark Brender of GeoEye, +1-703-480-9562, brender.mark@geoeye.com;or Amy Estes of LeGrand Hart, +1-303-298-8470, ext. 218,, for GeoEye

Web site: http://www.geoeye.com/ http://launch.geoeye.com/