Country for PR: United States
Contributor: PR Newswire New York
Friday, September 14 2018 - 23:06
AsiaNet
HyperSat LLC to Launch World's First Commercial Constellation of High-Resolution Hyperspectral Imaging Satellites in 2020
NEW YORK, Sept. 14, 2018 /PRNewswire-AsiaNet/ --

HyperSat LLC announces that it has secured an initial $85 million investment 
from an equity consortium led by Incentrum Group to fund the development and 
launch of the world's first commercial constellation of high-resolution 
hyperspectral imaging satellites.

HyperSat LLC will be finalizing the procurement of two Low-Earth orbit 
satellites capable of imaging 200+ spectral bands with a sub-10 meter ground 
sample distance.  These first satellites will form the foundation of what is 
expected to be an initial fleet of six hyperspectral remote sensing 
satellites.  The two first satellites are expected to be on orbit in 2020.

The HYPERSAT(SM) space-based hyperspectral imaging service uses a spectrometer 
orbiting on a satellite bus to measure contiguous spectral bands reflecting 
from the Earth's surface, capturing the information in 3-D data cubes.  All 
objects, materials, and processes have distinctive spectral signatures which 
enable their identification within these data cubes through machine-to-machine 
analysis.  This allows their presence in specific locations on Earth to be 
detected from the satellite with great accuracy.

Derek Woods, Founder and CEO of HyperSat LLC, commented "The funding of 
HyperSat represents a major development in the earth observation sector by 
enabling us to be the first to market with high-quality, high-resolution, 
affordable hyperspectral imagery and analysis. We will be the first to provide 
clients in the government, agriculture and forestry, energy, and mining sectors 
with uniquely detailed hyperspectral information faster and more affordably 
than can be done through any existing platform. Over time, HyperSat will build 
an unparalleled library of hyperspectral imagery covering key locations of 
interest across the globe."

Admiral James Stavridis (Ret.), Chairman-designate of HyperSat LLC's parent 
company, added "HyperSat will provide the United States government and its 
allies with mission-critical information from new sensors that will have 
extensive applicability across intelligence, military, law enforcement, 
environmental, and civil defense missions.  I am delighted to be chairing a 
company that will make exquisite hyperspectral imagery available to both the 
public and private sectors at a time when there is significant need for such 
information."

The Board of Directors of HyperSat LLC's parent company will include Admiral 
Stavridis (Chairman), formerly the 16th Supreme Allied Commander at NATO, 
Letitia Long, who was the 5th Director of the National Geospatial-Intelligence 
Agency, Geoffrey D. Fink, who previously served on the board of Eutelsat SA and 
numerous other technology businesses and who is a founding partner of 
Incentrum, Lars Andersson, a founding partner of Incentrum, and Mr. Woods.

Closing of this transaction is subject to regulatory approvals.

About HyperSat LLC:

HyperSat LLC has obtained a NOAA license and funding that will allow it to be 
the first commercial operator to provide high-resolution hyperspectral 
satellite imagery and analysis to decision makers globally. HyperSat LLC will 
soon be providing unique information, insights and solutions to customers in 
environmental monitoring, agriculture, oil and gas, insurance, mining, law 
enforcement, disaster recovery and defense and intelligence.  

About Incentrum Group:

Incentrum is a global merchant bank based in New York City, focused on the 
technology, healthcare, and life and material science industries. Incentrum 
pursues private equity investments in specific industries and serves a select 
group of corporate clients as their strategic financial advisor. Incentrum's 
strategic and industry focus, long-standing relationships with industry-leading 
companies, and an advisory board of senior corporate executives creates deep 
understanding and connectivity enabling differentiated proprietary insights, 
ideas, and deal flow. Incentrum's partners are experienced investment bankers, 
private equity professionals, and corporate executives with extensive 
investing, financial, structuring, and operational expertise. We have multiple 
decades of experience in our target industries and approach opportunities with 
deep strategic and financial insight. As a true partnership, Incentrum seeks to 
attract, train, and retain the strongest talent with the greatest level of 
integrity, insight, and experience. http://www.incentrumgroup.com

 

CONTACT: 

Incentrum: 

Chris Ziebarth, General Counsel & Chief Administrative Officer, 
chris.ziebarth@incentrumgroup.com, +1 (212) 772 1907

HyperSat: 

Derek Woods, Founder & CEO, dwoods@hypersatllc.com, +1 (239) 285-7099. 


SOURCE: HyperSat LLC
Translations

Japanese