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    BlackSky Wins 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week

    BlackSky Technology Inc. (NYSE: BKSY) won the 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week. BlackSky is recognized for excellence and innovation in Earth observation by delivering commercial real-time, space-based intelligence at mission speed and scale using high-cadence, rapid-revisit satellite imagery and AI-driven analytics.

    “BlackSky is honored to receive the Novaspace 2024 Leading Earth Observation Business Award at the World Space Business Week,” said Brian O’Toole, BlackSky CEO. “This recognition is only possible with the collective passion and commitment displayed every day by the entire BlackSky team as we lead the Earth observation industry into a new era of dynamic, real-time, low latency monitoring.”

    The annual WSBW awards recognize the most forward-thinking businesses and innovators shaping the future of the global space sector. A panel of industry experts evaluate qualitative and quantitative criteria to honor companies that distinguish themselves during the year that include innovation, strategic decisionmaking, market impact, and financial and commercial indicators.

    This year, BlackSky made notable achievements in transforming the adoption model for commercial real-time, space-based intelligence and furthering the Earth observation industry’s transition from static mapping to dynamic, AI-driven monitoring of critical areas of interest while expanding its product offering to revolutionize non-Earth imaging.

    “Our software-first approach has made space more accessible for nations seeking sovereign, space-based intelligence capabilities and is reshaping how customers see and understand the most important security and economic events in our world,” added O’Toole.

    Through a first-of-its kind $50 million contract supporting the Indonesian Ministry of Defense, BlackSky is pioneering a new, software-first adoption model, offering customers immediate access to subscription-based Assured monitoring services over priority areas of interest with very little risk and without spending hundreds of millions on capability that will not materialize for years.

    In January, BlackSky won a contract from the Intelligence Advanced Research Projects Activity (IARPA) to move forward into the third and final phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) program. With the core technology developed under the SMART program, BlackSky’s AI tools have detected and classified more than two million change observations with a high degree of accuracy over 120 thousand distinct sites after having analyzed five years of historic broad area satellite imagery from government and commercial sources.

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    BlackSky Wins 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week BlackSky Technology Inc. (NYSE: BKSY) won the 2024 Novaspace Leading Earth Observation Business Award at World Space Business Week. BlackSky is recognized for excellence and innovation in Earth observation by delivering commercial real-time, …