Iunctus Group Acquires Assests of RapidEye AG: New Corporate Vision More Customer Focused
Brandenburg an der Havel, Germany, September 1, 2011 – RapidEye Canada Ltd., an affiliate of Iunctus Geomatics Corp., the leading supplier of optical satellite imagery in Canada, announced today that it has aquired the assets of RapidEye AG of Brandenburg an der Havel, Germany, a global provider of high-resolution imagery and geospatial solutions. The purchase was finalized on Monday, August 29, 2011 in Potsdam, Germany.
“RapidEye will continue to operate as an independent company, leveraging a new strong German management team in order to maintain its successful brand and relationships,” commented Ryan Johnson, President and CEO of Iunctus Geomatics. “Iunctus will continue to invest in RapidEye as we focus on creating a more customer-focused approach and additional value for our customers through our reorganization activities.”
The purchase of RapidEye further increases Iunctus Geomatics’ presence in the worldwide geo-information market. The acquisition combines one of the world’s largest commercial archives of satellite imagery with Iunctus’ already extensive distribution channels for satellite data and value-added solutions.
“This acquisition gives our clients an excellent choice of satellite imagery, meeting their high resolution and large area coverage requirements. This also provides an avenue for Iunctus to expand into an international distribution network for many of our products and services,” added Johnson.
Dr. Manfred Krischke will be returning to RapidEye after co-founding the company in 1998. “During the next month we will review the current organization with the most important goal of continuing and improving our service to existing and future clients and partners.” commented Dr. Krischke. “I will consider it a positive sign that we acquired RapidEye on the anniversary of the launch of the satellites.”
RapidEye’s five identical Earth Observation satellites were launched from Baikonur Cosmodrome in Kazakhstan on August 29, 2008.
RapidEye and Iunctus will now provide a complete geoinformation value chain and will focus on customer relationships and developing strong partnerships.
NGA Contract Awarded to RapidEye
Washington, DC, September 6, 2011 – RapidEye USA announced today that it has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract with the National Geospatial-Intelligence Agency (NGA). RapidEye is a leader in wide area, repetitive coverage of Earth through its constellation of satellites and advanced remote sensing-based services.
“We’re pleased to be providing our imagery to NGA,” commented Clint Graumann, of RapidEye USA. “This contract gives NGA the opportunity to procure our data, experience the advantages of our very fast acquisition and high revisit capabilities, and to integrate our data into their programs.”
The eighteen (18) month contract is valid through December 2012 and has a maximum ordering ceiling of 4.6 million US dollars.
About Iunctus
Iunctus Geomatics Corp. is the leading supplier of optical satellite imagery to government and industry in Canada and the operator of the first commercial ground stations in Canada. Iunctus Geomatics provides a wide range of geomatics products and services for its clients, including satellite data, value added imagery, data management/hosting and satellite tasking. For more information, visit www.terraengine.com
Iunctus Contact
Brett Michelson, Vice President Business Development
401817 4th Avenue South Lethbridge, Alberta, Canada T1J 0P3. brett.michelson@terraengine.com
About RapidEye
RapidEye is a provider of quality high-resolution satellite imagery and derived geo-information products. With a constellation of five Earth Observation satellites, RapidEye images over 4 million square kilometers of Earth every day, and has amassed over 2 billion square kilometers in its archive in just over two years of commercial operation. With an unprecedented combination of wide area repetitive coverage and five meter pixel size multi-spectral imagery, RapidEye is an obvious and cost-effective choice for many industries and government agencies.
Contact
RapidEye AG
Molkenmarkt 30
14776 Brandenburg a. d. Havel,
Germany
press@rapideye.de