GeoEye and Rolta Form Strategic Partnership to Develop Advanced Geospatial Solutions for Global Markets
Innovative Solutions Will Target Defense and Commercial Users
AMSTERDAM, April 24, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced that it has signed a Memorandum of Understanding to partner with Rolta, a global, leading provider of innovative IT solutions. With this new partnership, Rolta gains access to GeoEye's high-resolution satellite imagery, services and expertise to develop innovative geospatial products and services. Rolta plans to offer these GeoEye-enabled solutions to its customers across high-growth global markets, beginning with India.
Today's military commanders working in digital battlefield environments need intelligent maps derived from geospatial data and map-accurate imagery to make effective command and control decisions in the field. Rolta is exploring opportunities to leverage GeoEye's imagery service and predictive analytics' expertise to develop defense and homeland security solutions served from its Geospatial Fusion Platform to help users see, understand and anticipate change when lives are at risk.
Preetha Pulusani, Rolta's chief strategy officer, said, "Rolta has been engaged in providing geospatial solutions for over two decades. Imagery plays a critical role - especially for defense and homeland security - to enable users to rapidly analyze change, visualize impacts and make informed decisions in the field in a timely manner. We are pleased to have the opportunity to work with GeoEye to provide our customers with tools and content to meet their most challenging needs."
Rolta also plans to develop intelligent 3-D city solutions for commercial users in urban planning, construction and infrastructure development. Ninety percent of the fastest-growing metropolitan economies are located outside North America and Western Europe and in regions such as Southern Asia. Rolta intends to offer these high-growth global markets financially accessible 3-D model solutions developed from GeoEye satellite imagery.
Tony Frazier, GeoEye's senior vice president of Marketing, said, "Geospatial intelligence has become crucial to decision making. We are excited about this partnership and believe that our world-class imagery, information service capabilities and expertise, coupled with Rolta's product development and IT services track record, will produce innovative geospatial solutions that deliver clear, deep and timely insights to global government and commercial users."
Rolta is a leading provider of innovative IT solutions for many vertical segments, including Utilities, Governments, Transportation, Process, Power, Banking and Insurance. These enterprise level solutions are built around Rolta's intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making. Rolta's solutions framework includes Geospatial FusionTM, a suite to integrate disparate spatial and business data; Rolta OneViewTM, a BI solution for operational excellence; and Rolta iPerspectiveTM, a unique platform for SOA and "Cloud" enablement. Rolta's intellectual property repository contains cutting-edge software for mapping and earth sciences, providing the foundation for Defense and Homeland Security solutions including C4ISTAR information systems, Military Communications, Digital Soldier, and Vehicle Systems. Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Rolta has a countrywide infrastructure and international subsidiaries across the globe. Forbes Global ranked Rolta amongst the "Best 200 under a Billion" four times in six years. The Company is listed on the Bombay Stock Exchange and National Stock Exchange in cash and F&O segment, and forms part of various indices on BSE/NSE. The Company's GDRs are listed on the Main Board of London Stock Exchange and its FCCBs are listed on the Singapore Stock Exchange.
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 750 employees worldwide. Learn more at http://www.geoeye.com.
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This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, and our Quarterly Report on Form 10-Q for the periods ended March 31, 2011, June 30, 2011, and Sept. 30, 2011, which we filed with the SEC on May 10, 2011, Aug. 2, 2011 and Nov. 1, 2011, respectively. Copies of all SEC filings may be obtained from the SEC's EDGAR Web site, http://www.sec.gov/, or by contacting: William L. Warren, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
CONTACT: Investor Relations, Randy Scherago, +1-703-480-6325, email@example.com, or Media, Val Webb, +1-303-254-2120, firstname.lastname@example.org, or Sales, Andy Stephenson in Asia, +65 62322966, email@example.com, all of GeoEye; or A.P.Singh of Rolta, +91 (22) 2926 6666, firstname.lastname@example.org