Allied Minds PLC HawkEye 360 commissions satellite cluster (0742R)
February 26 2019 - 2:01AM
UK Regulatory
TIDMALM
RNS Number : 0742R
Allied Minds PLC
26 February 2019
HawkEye 360 successfully commissions Pathfinder satellite
cluster
Boston, MA (26 February 2019) - Allied Minds portfolio company,
HawkEye 360, announces that it has successfully commissioned the
three Pathfinder satellites launched in December 2018. On the back
of this important milestone, HawkEye 360 will go to market with a
full suite of commercially available RF analytics products over the
course of 2019.
In commissioning the formation flying pathfinder satellites,
HawkEye 360 becomes the first commercial enterprise to develop the
capability to independently detect and geolocate sources of diverse
RF signals. Early test results have demonstrated successful
geolocation of VHF Channels 16 and 70, EPIRB, and AIS signals as
well as identifying marine radar signals. This proprietary source
of data enables HawkEye 360 to locate and analyze previously
undetected activity, providing new insights for maritime, emergency
response, and spectrum analysis applications.
"We are generating an entirely new data source for important
commercial, defense, and intelligence applications around the
world," said HawkEye 360 Chief Executive Officer John Serafini. "As
the first to be delivering this type of commercial data, HawkEye
360 will help our customers make more timely and precise decisions.
Our team has shown unbelievable dedication and passion to reach a
new milestone in space technology in just a few short years."
In the maritime sector, data gathered by HawkEye 360 can provide
visibility for law enforcement into suspicious vessel behavior,
giving them better information in their pursuit of illicit
activity. Search and rescue efforts can be aided through
geolocation of emergency beacons, even when broadcasting incorrect
GPS coordinates. HawkEye 360's spectrum analysis can survey usage
of RF bands to maximize communication spectrum and avoid
interference.
"We are thrilled by the breadth of RF data our Pathfinder
satellites are gathering from hundreds of miles above the Earth,"
said Rob Rainhart, Executive Vice President of Engineering for
HawkEye 360. "We've achieved much with our early testing and
continue to expand the types of signals we can geolocate. It's
exciting to have strong momentum as we prepare to go to market with
a full suite of commercially available analytics products over the
course of 2019."
The company is using the Pathfinder satellites to perform data
verification and strategic demonstrations with select customers.
These efforts will inform enhancements to the next cluster of
satellites currently under development for launch later this year.
This next-generation of satellites will broaden the signal range,
on-board-processing, and data capabilities as HawkEye 360 expands
the constellation to achieve near persistent global coverage.
For more information, please contact:
Allied Minds plc +44 7771 872 922
Neil Pizey, Head of Corporate IR@alliedminds.com
Development
FTI Consulting
Ben Atwell / Brett Pollard +44 20 3727 1000
About HawkEye 360
HawkEye 360 is a Radio Frequency (RF) data analytics company. We
operate a first-of-its-kind commercial satellite constellation to
identify, process, and geolocate a broad set of RF signals. We
extract value from this unique data through proprietary algorithms,
fusing it with other sources to create powerful analytical products
that solve hard challenges for our global customers. Our products
include maritime domain awareness and spectrum mapping and
monitoring; our customers include a wide range of commercial,
government and international entities. More information about
HawkEye 360 can be found at www.he360.com.
About Allied Minds
Allied Minds plc is an IP commercialisation company focused on
early stage company creation and development within the technology
and life science sectors. Allied Minds sources, operates and funds
a portfolio of companies to generate long-term value for its
investors and stakeholders. Based in Boston, Allied Minds supports
its businesses with capital, management, expertise 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
Allied Minds' 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 risks and uncertainties described in the risk factors
included in Allied Minds' regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of Allied Minds 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 Guidance and Transparency Rules, neither Allied Minds
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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END
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