BOSTON and DENVER, July 26,
2016 /PRNewswire/ -- HawkEye 360, Inc., a subsidiary of
Allied Minds (LSE: ALM), and Lockheed Martin (NYSE: LMT) are
collaborating to apply HawkEye 360's radio frequency (RF) detection
and mapping technology in new markets.
HawkEye 360 plans to deploy a constellation of small satellites
in low-Earth orbit at less than 600 km (383 miles) from the Earth's
surface, to identify, locate and analyze RF signals globally.
Pending various regulatory approvals of this system and its
capabilities, Lockheed Martin and HawkEye 360 will work to apply
the space-based RF data and analytics capabilities in new mission
solutions, potentially extending the adoption of this technology
across multiple customer segments and new markets.
"We are delighted that Lockheed Martin has chosen to collaborate
with us as we build one of the world's first privately funded
global RF signal monitoring systems," said Chris Silva, Allied Minds chief executive
officer. "Their relationships across multiple customer domains will
be invaluable to help accelerate the commercial use of HawkEye
360's RF monitoring data and analytics."
"Combining Lockheed Martin's expertise in satellite systems with
HawkEye 360's approach to space-based radio frequency detection
offers an innovative solution to some of the big challenges facing
our shared customer base," said Dave
Markham, vice president of Strategy for Lockheed Martin
Space Systems. "We look forward to working with HawkEye 360 to help
advance this exciting technology."
HawkEye 360's envisioned constellation, once operational, could
enable significant commercial applications such as allowing
government and corporate customers to dynamically monitor
transportation networks across air, land and sea. For government
regulators, telecommunications companies and satellite
broadcasters, HawkEye 360's system is being designed to monitor RF
spectrum usage to identify areas of interference. The envisioned
system could also be used to play a crucial role in the detection
and location of activated emergency beacons, improving response
times that are critical in life-threatening scenarios.
HawkEye 360's technology complements Lockheed Martin's leading
expertise in this field. In the past 50 years, Lockheed Martin has
built over 800 satellites and 310 payloads and extends its
experience through the RF Payload Center of Excellence, which
collocates RF development, assembly and test for a variety of
spacecraft types, from cubesats to human spaceflight.
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 a nationwide presence 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.
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.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 125,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
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.
Media Contacts:
Lockheed Martin
Mark Lewis, +1 (408) 742-3516;
mark.e.lewis@lmco.com
HawkEye360
Christine Dunn, ArcPoint Strategic
Communications, +1 (617) 484-1660 x101,
cdunn@arcpointstrategy.com
For additional information, visit our
websites:
http://www.lockheedmartin.com
http://www.he360.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/lockheed-martin-and-hawkeye-360-collaborating-to-bring-space-based-radio-frequency-mapping-and-analytics-to-new-markets-300304017.html
SOURCE Lockheed Martin