Spire Global Awarded Space Services Contract by Lacuna Space to Scale a Dedicated Satellite Constellation for IoT
VIENNA, Va., December 5, 2023 — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was awarded a Space Services contract by Lacuna Space, a leading satellite IoT connectivity provider. Under the agreement, Spire will initially build and launch six satellites carrying Lacuna Space’s payload and antenna, with the opportunity to scale the constellation to dozens of satellites. Lacuna Space will operate its payloads and receive encrypted data at its Harwell headquarters.
With six satellites manufactured by Spire at its facility in Glasgow, UK, in addition to Lacuna Space’s ten earlier satellites, Lacuna Space will be able to scale its IoT network for low-cost, reliable global connections to sensors and mobile equipment. Lacuna focuses on IoT services for agriculture, maritime, logistics, remote infrastructure and environmental monitoring, with applications such as measuring soil moisture for farmers in remote regions to improve crop yield or tracking the movement of assets.
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