BlackSky Grows World-wide Reseller Software with Addition of Ursa House
8 min readHERNDON, Va.–(Company WIRE)–BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform furnishing real-time geospatial intelligence and international checking, right now announced that Ursa Place Systems (Ursa Place) is the most up-to-date addition to its network of world wide resellers. With this new arrangement, Ursa Space will promote BlackSky’s imagery and analytics to government and business clients all-around the world.
“With Ursa Room among our elite group of resellers, BlackSky is capable to fulfill raising demand from customers from shoppers in the U.S. and overseas,” reported Brian E. O’Toole, CEO of BlackSky. “Through this settlement with Ursa Room, BlackSky is in a position to grow its achieve and guidance shoppers in vital market verticals.”
A primary satellite-analytics-as-a-support business, Ursa Place will make BlackSky’s Earth observation imagery out there on its Image Companies system. BlackSky’s substantial-resolution satellite constellation will crank out imagery and intelligence for Ursa Space customers in industries this sort of maritime, transportation, land administration, infrastructure, power, all-natural assets, weather conditions and pure disasters, navy and geopolitical exercise, provide chain, and home possibility management, as perfectly as money services.
“BlackSky’s imagery and info will be an crucial ingredient to empowering our customers to be the initially to know about variations in the entire world,” claimed Adam Maher, founder and CEO at Ursa Area. “This most recent settlement allows us to harness the company’s effective imagery and analytics in order to fulfill growing demand from customers for transform monitoring, action monitoring and immediate measurements.”
BlackSky’s world wide reseller application is increasing speedily and on goal to consist of 24 resellers by the close of the year. Previously this calendar year, BlackSky introduced a prepared company blend with Osprey Technologies Acquisition Corp. (NYSE: SFTW). BlackSky now anticipates closing the transaction during the third quarter of 2021.
About BlackSky Holdings, Inc.
BlackSky is a leading supplier of real-time geospatial intelligence. BlackSky displays things to do and amenities globally by harnessing the world’s emerging sensor networks and leveraging its very own satellite constellation. BlackSky processes millions of knowledge things every day from its constellation as nicely as a range of house, IoT, and terrestrial-primarily based sensors and details feeds. BlackSky’s on-demand from customers constellation of satellites can impression a area numerous periods in the course of the working day. BlackSky displays for sample-of-life anomalies to create alerts and enhance situational recognition. BlackSky’s monitoring company, Spectra AI, is powered by chopping-edge compute approaches like machine mastering, synthetic intelligence, computer eyesight, and all-natural language processing. BlackSky’s worldwide monitoring option is offered via a uncomplicated membership and necessitates no IT infrastructure or setup. On February 17, 2021, BlackSky entered into a definitive settlement for a small business blend (the “Merger Agreement”) with Osprey Technological innovation Acquisition Corp. (“Osprey”) (NYSE: SFTW) that would result in BlackSky becoming a publicly outlined business. For a lot more data pay a visit to www.blacksky.com.
About Ursa Room Techniques
Ursa Room is a U.S.-centered satellite-analytics-as-a-service organization that provides enterprise and governing administration decision-makers entry to on-demand analytic solutions. By way of its radar satellite community and knowledge fusion experience, Ursa Space detects authentic-time variations in the actual physical planet to increase transparency. The company’s subscription and customized companies help shoppers to entry satellite imagery and analytic outcomes with no geographic, political, or temperature-related restrictions. Dependent in Ithaca, NY, Ursa House was started in 2014 by leaders in the satellite and application fields with the vision to unlock the opportunity of facts and insights derived from radar satellite imaging. For more facts take a look at www.ursaspace.com.
About Osprey
Osprey is a distinctive function acquisition organization, or SPAC, that was proven as a collaboration amongst investment decision corporations HEPCO Cash Management, led by Jonathan and Edward Cohen, and JANA Partners, led by Barry Rosenstein and with its SPAC initiative led by JANA Companion David DiDomenico, who serves as Osprey’s CEO, President, and Director. Osprey was shaped to consummate a transaction with 1 or extra transformative organizations that have developed progressive software package supply platforms. For additional info check out www.osprey-technological innovation.com.
Cautionary Assertion With regards to Forward-Looking Statements
This doc consists of certain forward-looking statements within just the which means of the federal securities laws with respect to the proposed transactions in between Osprey and BlackSky. These ahead-wanting statements normally are discovered by the terms “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will keep on,” “will probably outcome,” and identical expressions. Ahead-wanting statements are predictions, projections and other statements about potential situations that are based mostly on current expectations and assumptions and, as a final result, are issue to threats and uncertainties. Many components could induce genuine long run functions to vary materially from the ahead-wanting statements in this document, including but not restricted to: (i) the chance that the transactions may possibly not be completed in a timely method or at all, which could adversely affect the rate of Osprey’s securities, (ii) the chance that the transactions might not be concluded by Osprey’s Enterprise Combination deadline and the likely failure to receive an extension of the Company Mix deadline if sought by Osprey, (iii) the failure to fulfill the problems to the consummation of the transactions, which include the adoption of the Merger Agreement by the stockholders of Osprey, the pleasure of the minimum amount believe in account total subsequent redemptions by Osprey’s general public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the deficiency of a third-bash valuation in deciding irrespective of whether or not to go after the proposed transactions, (v) the incapacity to finish the PIPE Financial investment, (vi) the occurrence of any party, alter or other circumstance that could give increase to the termination of the Merger Arrangement, (vii) the result of the announcement or pendency of the transactions on BlackSky’s small business relationships, working success, and organization normally, (viii) dangers that the proposed transactions disrupt latest programs and operations of BlackSky, (ix) the final result of any authorized proceedings that may well be instituted versus BlackSky or versus the Osprey similar to the Merger Agreement or the proposed transactions, (x) the capacity to sustain the listing of Osprey’s securities on a nationwide securities exchange, (xi) alterations in the competitive and controlled industries in which BlackSky operates, versions in running general performance throughout competitors, alterations in rules and rules impacting BlackSky’s company and variations in the put together money composition, (xii) the capability to employ business enterprise options, forecasts, and other anticipations following the completion of the proposed transactions, and identify and comprehend added options (xiii) the general performance of our 3rd-occasion provider companies, including our satellite maker and start providers, (xiv) pitfalls linked to delays or cancellations from present-day or anticipated prospects, (xv) the threat that redemptions by Osprey’s general public stockholders may perhaps require the combined organization to seek added fairness and/or personal debt financing to fund its enterprise program, and (xvi) the outcomes of pure disasters, terrorist attacks and the unfold and/or abatement of infectious health conditions, such as COVID-19, on the proposed transactions or on the ability to implement organization plans, forecasts, and other anticipations just after the completion of the proposed transactions. The foregoing checklist of things is not exhaustive. You really should diligently consider the foregoing elements and the other dangers and uncertainties explained in the “Risk Factors” section of Osprey’s registration on Type S-1 (File No. 333-234180), the registration assertion on Form S-4 discussed underneath and other paperwork submitted by Osprey from time to time with the U.S. Securities and Trade Fee (the “SEC”). These filings detect and deal with other vital hazards and uncertainties that could lead to actual gatherings and benefits to differ materially from individuals contained in the forward-hunting statements. Forward-wanting statements communicate only as of the date they are created. Visitors are cautioned not to set undue reliance on forward-hunting statements, and Osprey and BlackSky believe no obligation and do not intend to update or revise these forward-looking statements, no matter whether as a result of new details, long run functions, or in any other case. Neither Osprey nor BlackSky gives any assurance that either Osprey or BlackSky, or the put together firm, will achieve its expectations.
Additional Information and In which to Uncover It
This doc relates to the proposed transactions among Osprey and BlackSky. This document does not constitute an provide to offer or trade, or the solicitation of an supply to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which these kinds of offer you, sale or exchange would be unlawful prior to registration or qualification under the securities legal guidelines of any these types of jurisdiction. On May perhaps 13, 2021, Osprey filed a registration statement on Sort S-4 with the SEC, as amended on June 25, 2021 and on July 14, 2021, which bundled a doc that serves as a prospectus and proxy statement of Osprey, referred to as a proxy assertion/prospectus. A proxy statement/prospectus will be despatched to all Osprey stockholders. Osprey also will file other documents about the proposed transactions with the SEC. Ahead of earning any voting or financial commitment conclusion, traders and security holders of Osprey are urged to browse the registration assertion, the proxy statement/prospectus and all other related paperwork submitted or that will be filed with the SEC in link with the proposed transactions as they become accessible for the reason that they will incorporate significant information about the proposed transactions.
Buyers and security holders will be able to get no cost copies of the registration assertion, the proxy assertion/prospectus and all other related paperwork submitted or that will be submitted with the SEC by Osprey as a result of the site taken care of by the SEC at www.sec.gov.
The paperwork filed by Osprey with the SEC also may be attained no cost of cost at Osprey’s site at https://www.osprey-technological know-how.com or from Osprey on published request to 1845 Walnut Road, Suite 1111, Philadelphia, Pennsylvania 19103.
Members in Solicitation
Osprey and BlackSky and their administrators and govt officers may possibly be deemed to be contributors in the solicitation of proxies from Osprey’s stockholders in connection with the proposed transactions. Osprey’s stockholders and other fascinated folks might get, without the need of charge, much more in-depth information regarding the directors and officers of Osprey in Osprey’s Annual Report on Sort 10-K/A for the fiscal year finished December 31, 2020, which was filed with the SEC on May 12, 2021, and in Osprey’s registration assertion on Kind S-4, which was submitted by Osprey with the SEC in relationship with the company mix on Could 13, 2021. Info about the persons who may perhaps, below SEC principles, be considered members in the solicitation of proxies to Osprey’s stockholders in relationship with the proposed business combination is established forth in the proxy assertion/prospectus on Sort S-4 for the proposed business enterprise mix, which was submitted by Osprey with the SEC in link with the company combination on May well 13, 2021, as amended on June 25, 2021 and on July 14, 2021.
A checklist of the names of these administrators and executive officers and information pertaining to their passions in the transactions will be contained in the proxy assertion/prospectus when available. You may well get hold of cost-free copies of these paperwork as explained in the preceding paragraph.
This conversation does not represent an offer to promote or the solicitation of an offer to obtain any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any condition or jurisdiction in which these kinds of present, solicitation, or sale would be illegal prior to registration or qualification under the securities legal guidelines of such other jurisdiction.