ORBIMAGE is a leading global provider of earth imagery products and services, with digital remote sensing satellites and an integrated worldwide image receiving, processing and distribution network. In addition to the high- resolution OrbView-3 satellite, which is capable of measuring, mapping and monitoring objects smaller than automobiles and spectrally differentiating thousands of land use/land cover types, ORBIMAGE also operates the OrbView-2 ocean and land multispectral imaging satellite and the SeaStar Fisheries Information Service, which provides maps derived from essential oceanographic information to aid in commercial fishing. ORBIMAGE also produces value-added imagery products and provides advanced photogrammetric engineering services at its St. Louis, MO facility. The company distributes its products directly to the U.S. government for national security and related mapping applications. Commercial sales are primarily handled through a worldwide network of value- added resellers, regional distributors, sales agents, and select strategic partners. Over 10 million square kilometers of imagery has been collected since the launch of OrbView-3 in June 2003, which includes imagery of most of the world's capital cities, airports, and other areas of interest. The company is currently building a next-generation satellite, OrbView-5, to support the National Geospatial-Intelligence Agency's NextView image acquisition program. When OrbView-5 is launched in 2007, this next-generation commercial imaging satellite will acquire up to 700,000 square kilometers of imagery each day at the unprecedented resolution of 0.41-meters.
For more information about ORBIMAGE, please see our web site at http://www.orbimage.com
This release contains forward-looking statements within the meaning of section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties. ORBIMAGE's actual financial results could differ materially from those anticipated due to the company's dependence on conditions in the remote sensing industry, the level of new commercial imagery orders, production rates for advanced image processing, the level of defense spending, competitive pricing pressures, start-up costs and possible overruns on new contracts, and technology and product development risks and uncertainties.
CONTACT: William Warren of ORBIMAGE Holdings Inc., +1-703-480-5672, or
Email Contact
Web site: http://www.orbimage.com//
