HawkEye 360 Selects Deep Space Industries to Manufacture Pathfinder Small Satellites
May 24 2016 - 2:00AM
Business Wire
Partnership is a Major Step Toward the Launch
and Operation of HawkEye 360’s Constellation, the World’s First
Privately-funded Space-based Global Wireless Signal Monitoring
System
HawkEye 360, Inc., a subsidiary of Allied Minds (LSE:ALM), today
announced that it has selected Deep Space Industries and its
sub-contractor, the University of Toronto Space Flight Laboratory
(SFL) as the manufacturer for its Pathfinder small satellite
cluster. Deep Space Industries has also chosen to participate in
HawkEye 360’s first preferred financing round. The agreement is a
key component in the commercial development of HawkEye 360’s
space-based radio frequency mapping and analytics system for use by
commercial enterprises and governments.
While the company’s Pathfinder cluster is scheduled for launch
and testing in late 2017, once the full commercial constellation is
launched, HawkEye 360 will be operating the world’s first
privately-funded constellation of small satellites in low Earth
orbit (less than 600 kilometers from the Earth’s surface) to
collect data and generate reports on geolocated wireless signals
that can be used to monitor global transportation networks, support
government requirements, and assist with emergencies. For
government regulators, telecommunications companies and satellite
broadcasters, HawkEye 360 could monitor RF spectrum usage to
identify areas of interference and allocated-but-unused
bandwidth.
“Deep Space Industries and SFL are important strategic partners
to help us accelerate the capabilities and applications of small
satellite technology,” said John Serafini, CEO of HawkEye 360 and
Senior Vice President of Allied Minds. “Selecting and securing our
satellite development partners to manufacture and launch the
constellation is an important step forward as it will result soon
in on-orbit capabilities that will be available to our government
and commercial customers.”
Space-based detection of RF signals allows HawkEye 360 to locate
and characterize difficult-to-visualize wireless spectrum
information in a more accurate and efficient manner when compared
to terrestrial detection and image analysis. By taking RF data and
turning it into information, HawkEye 360 will be able to give
commercial enterprises and governments better knowledge to make
critical decisions.
The HawkEye 360 data-processing technology was originally
developed by Dr. Charles Clancy and Dr. Bob McGwier at Virginia
Tech’s Hume Center for National Security and Technology. Drs.
Clancy and McGwier co-founded HawkEye 360 along with Chief
Operating Officer Chris DeMay. HawkEye 360 is a subsidiary of
Boston-based Allied Minds (LSE: ALM).
About HawkEye 360
HawkEye 360 is developing a constellation of small satellites in
low Earth orbit (LEO) to generate reports on wireless signals that
can be used to track and monitor global transportation networks,
assist with emergencies, as well as other data analytics services.
The company seeks to provide highly accurate maritime situational
awareness, collecting information about vessels to create a wealth
of current and historical data useful for commercial planning and
monitoring, as well as emergency response. Similar data will be
available for airborne and land-based transportation and logistics
industries. HawkEye 360's data processing technology was originally
developed at Virginia Tech's Hume Center for National Security and
Technology. More information about the company can be found at
www.he360.com.
About Allied Minds
Allied Minds is a diversified holding company focused on venture
creation within the life science and technology sectors. With
unparalleled access to hundreds of university and federal labs
across the U.S., Allied Minds forms, funds, and operates a
portfolio of companies to generate long-term value for its
investors and stakeholders. Based in Boston, with offices in Los
Angeles and New York, Allied Minds supports its businesses with
capital, central management, and shared services. For more
information, please visit www.alliedminds.com.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be
forward-looking statements, including statements that relate to the
company’s future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from current expectations, including, but not limited
to, those risk and uncertainties described in the risk factors
included in the company’s regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of the company and the environment in
which it will operate in the future. Each forward-looking statement
speaks only as at the date of this press release. Except as
required by law, regulatory requirement, the Listing Rules and the
Disclosure and Transparency Rules, neither the company nor any
other party intends to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160523006544/en/
fama PR for Allied MindsTed Weismann,
617-986-5009alliedminds@famapr.com
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