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BlackSky’s newest satellite delivers first insights within 24 hours

(25 March 2021 - BlackSky) BlackSky today announced that its latest Gen-2 satellite, BlackSky 7, delivered first insights within 24 hours of launch.

Within that time frame, the BlackSky operations team conducted satellite checkout and the satellite collected its first images. At the same time, those images were downlinked, processed and analyzed using BlackSky's Spectra AI suite of AI/ML algorithms to detect objects of interest and establish the first insight milestone. This latest satellite was launched at 22:30 UTC, March 22, 2021 on the Rocket Lab “They Go Up So Fast” mission.

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BlackSky's Spectra AI combines the power of high-resolution satellite imagery with AI/ML techniques to automatically create detailed maps indicating activity along roads, buildings, waterways, construction sites, and more. (courtesy: BlackSky)

“The maturity of the BlackSky architecture enables the rapid and reliable addition of satellites into our constellation,” said Brian E. O’Toole, CEO of BlackSky. “BlackSky’s ability to scale its sensor and analytic infrastructure allows the company to deliver first-to-know insights for customers. Further, our ability to predictably expand our network allows BlackSky to offer customers on-demand capacity.”

BlackSky’s Gen-2 satellite was designed and manufactured by LeoStella, BlackSky’s smallsat development and manufacturing partner. BlackSky 7 is another satellite off the LeoStella manufacturing line, where an additional 16 BlackSky satellites are in production.

Through its growing constellation of high-revisit satellites, BlackSky monitors global events and activities providing enhanced situational awareness for commercial and government customers around the world.

About BlackSky Holdings

BlackSky is a leading provider of real-time geospatial intelligence. BlackSky monitors activities and facilities worldwide by harnessing the world’s emerging sensor networks and leveraging its own satellite constellation. BlackSky processes millions of observations from its constellation as well as a variety of space, IoT, and terrestrial based sensors and data feeds. BlackSky’s on-demand constellation of satellites can image a location multiple times throughout the day. BlackSky monitors for pattern-of-life anomalies to produce alerts and enhance situational awareness. BlackSky’s monitoring service, Spectra AI, is powered by cutting-edge compute techniques including machine learning, artificial intelligence, computer vision, and natural language processing. BlackSky’s global monitoring solution is available via a simple subscription and requires no IT infrastructure or setup. On February 17, 2021, BlackSky entered into a definitive agreement for a business combination (the “Merger Agreement”) with Osprey Technology Acquisition Corp. (“Osprey”) (NYSE: SFTW) that would result in BlackSky becoming a publicly listed company.

About Osprey

Osprey is a special purpose acquisition corp., or SPAC, that was established as a collaboration between investment firms HEPCO Capital Management, led by Jonathan and Edward Cohen, and JANA Partners, led by Barry Rosenstein and with its SPAC initiative led by JANA Partner David DiDomenico, who serves as Osprey’s CEO, President, and Director. Osprey was formed to consummate a transaction with one or more transformative companies that have developed innovative software delivery platforms.