Geoeye Inc. Com (GEOY)

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GeoEye Expands Tampa Office to Address the U.S. Military's Growing Demand for Geospatial Predictive Analytics
Today : Wednesday 13 June 2012
GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, announced the expansion of its Tampa office to support the growing demand for its services across the U.S. military. This growing presence builds on the tremendous success GeoEye customers have had using its advanced analytic assessments to discover geospatial patterns that allow our warfighters and allies to find and thwart adversaries around the globe.
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Tampa is the headquarters for the United States Special Operations and Central Commands and home to other U.S. military organizations. In addition to supporting its U.S. military customers there, GeoEye considers Tampa to be an attractive area to recruit data scientists, geospatial analysts and other technical talent motivated to safeguard our most pressing national security interests.
The office in Tampa is one component of a virtual analytics center of excellence that will aggregate and analyze unclassified imagery and open source data to predict areas where threats are more likely to emerge across Africa, Asia and other parts of the world. Using these resources GeoEye Analytics recently analyzed patterns of the Lord's Resistance Army (LRA) in Central Africa identifying its operating behavior and area preferences which predicted areas of concern that matched where key LRA leadership was recently apprehended.
Matt O'Connell, GeoEye's chief executive officer and president, commented, "GeoEye Analytics has become a critical part of our business. Last year, our analytics team brought GeoEye two of its top 10 customers. We've seen a steady increase in the demand for geospatial analytical support to intelligence agencies and Combatant commands who manage global threats. We think this demand is defined in the Defense Budget guidance that reflects a growing need for our solutions. Building and deepening analytic expertise has also been noted as a top priority by our intelligence customers."
Alex Dunmire, senior program manager of the Tampa office, added, "We combine earth imagery, geospatial expertise, and enabling technology to help intelligence analysts, military planners and law enforcement personnel who need a deep understanding of our changing world to protect lives and make confident resource allocation decisions. Our predictive analytics capability has clearly made a difference for our clients and we're looking forward to new opportunities to contribute to our Nation's public safety and national security requirements."
About GeoEyeGeoEye 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 www.geoeye.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This 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 period ended March 31, 2012, which we filed with the SEC on May 4, 2012. 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.
SOURCE GeoEye, Inc.