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Planet Labs Secures Pilot Contract for AI-Enhanced Satellite Data
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Planet Labs Secures Pilot Contract for AI-Enhanced Satellite Data
by Clarence Oxford
Los Angeles CA (SPX) Jul 16, 2024

Planet Labs PBC (NYSE: PL), a top provider of daily Earth data and insights, announced a seven-figure pilot contract with an international defense ministry for its PlanetScope data, now enhanced with SynMax's AI-based Theia solution.

Together with SynMax, a Houston-based satellite analytics and intelligence company, Planet is offering an advanced maritime domain awareness (MDA) solution for vessel detection and monitoring. The customer has also expanded their SkySat contract for high-resolution satellite data.

"It's great to see the growing demand for our PlanetScope daily scanning capabilities enhanced by AI-based partner solutions, which are enabling broad area monitoring, detecting, and reporting at significant scale," said Will Marshall, Planet's Chief Executive Officer and Co-Founder.

"This is part of an evolution towards the ability to scan and locate new threats across large areas, moving beyond prior methods that focused solely on gathering intelligence on known areas of interest. This win is of this growing trend and we see pilots like this as having the potential to turn into very large operational contracts over time."

Planet's frequent data collection and extensive data archive have enabled innovative commercial approaches to maritime domain awareness, which has traditionally been limited by coverage constraints, manual processes, and the complexity of integrating data sources.

Earlier this year, Planet announced a competitive, seven-figure ACV contract awarded by the U.S. Navy's Naval Information Warfare Center Pacific (NIWC) for vessel detection and monitoring over key areas in the Pacific Ocean. NIWC Pacific utilizes Planet data and SynMax AI capabilities through their SeaVision platform to enhance maritime domain awareness and support broad area monitoring.

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