Geoeye Inc. Com (GEOY)

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GeoEye Opens New Office in Abu Dhabi to Expand Middle East Sales

Subsidiary in Masdar City Will Serve Growing Public, Private Regional Demand

HERNDON, Va., Dec. 5, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ:GEOY), a leading source of geospatial information and insight, announced the opening of GeoEye Middle East Limited, a subsidiary sales office located in Masdar City, Abu Dhabi, United Arab Emirates. The office will directly serve customers in the Middle East, including governments, commercial entities and official GeoEye resellers.

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The Abu Dhabi office is expected to expand over time due to increasing regional demand for commercial satellite imagery and information services.

"We opened the Abu Dhabi office to meet the growing needs of our customers in the Middle East, to best serve our resellers in the region and to supply a variety of markets including country and local governments, the oil and gas industry, alternative energy developments, construction and urban planning and infrastructure," said Dr. Rao S. Ramayanam, GeoEye's senior regional sales director for Middle East and Africa.

Masdar City is being built by the Abu Dhabi Future Energy Company, a subsidiary of Mubadala Development Company in an authorized export zone. The project is partially funded by the Abu Dhabi government as a master planned city to be completed in 2014. Masdar City will rely entirely on solar energy and other renewable energy sources such as solar power with a sustainable, zero-carbon, zero-waste ecology. The city is being constructed next to the Abu DhabiInternational Airport.