Aerospace Sector

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Spire ->>> Second Successful 2021 Launch for Spire


Yahoo Finance

May 4, 2021


https://finance.yahoo.com/news/second-successful-2021-launch-spire-110000210.html


Spire grows LEMUR CubeSat platform with newly deployed satellites

On April 29 Spire successfully deployed two new satellites into its LEMUR constellation. The satellites bring Spire to 143 total satellites launched, with more than 110 currently in orbit. This is the second launch of 2021 for Spire and 30th launch overall.

The Low Earth Multi-Use Receiver (LEMUR) is Spire’s CubeSat platform used to track maritime, aviation, and weather activity from space. Each satellite is equipped with multiple sensors, capable of capturing data day and night and during extreme weather conditions.

These two satellites expand Spire’s rapidly growing data capture capabilities, strengthening the company's operational capacity to serve its growing global customer base. Spire leverages its constellation to deliver proprietary data, insights, and predictive analytics to its global commercial and government customers through a subscription.

"A successful deployment requires a lot of collaboration between Spire and its partners, and we’re delighted to celebrate another successful step in serving our customers with fresh data and insights," said Spire CEO, Peter Platzer. "We are committed to reliably serve our customers a little better every day. With this latest deployment we’re better equipped to help organizations across the world confidently and efficiently make decisions that matter with deliberate speed."

The satellites were named by two key members of the Spire team, one of the "perks" every person working at Spire enjoys. Keith Johnson, VP and General Manager of Federal, named the first "Special K" after a nickname from his two sons. Svante Eriksson, AIS payload captain, named the second "Svante-Amanda" for himself and his wife.

About Spire Global, Inc.

Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point - space - so organizations can make decisions with confidence, accuracy, and speed. Spire uses the largest multi-purpose satellite constellation to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021 Spire announced plans to go public through a planned business combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded on the NYSE under the ticker symbol "SPIR." To learn more, visit spire.com.

About NavSight Holdings, Inc.

NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.

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