TAQNIA and KACST signed an agreement on February 21, 2016, to form a joint venture that will be responsible for developing six or more sub-meter resolution imaging satellites.
KACST will construct, integrate, and launch the satellites, and it will own 50% of the satellites’ imaging capacity inside of KACST’s communication cone, which includes Saudi Arabia and the surrounding region. And, DigitalGlobe will have rights to the other 50% of the capacity inside this region and 100% of the satellites’ capacity outside of the region.
WESTMINSTER, Colo.–(BUSINESS WIRE)– DigitalGlobe, Inc. (NYSE: DGI), the global leader in earth imagery and information about our changing planet, today announced the formation of a joint venture with TAQNIA, a firm dedicated to accelerating technology development for the Kingdom of Saudi Arabia, in partnership with KACST to develop a constellation of highly capable small imaging satellites to support the needs of customers around the world.
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