Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a global technology innovator
powering the new space economy, today announced it won the 2019 Americas
Region Most Innovative Supplier Award from HERE
Technologies, a global leader in mapping and location platform
services. Additionally, HERE renewed its satellite imagery contract with
Maxar for the global production of HERE’s in-car navigation maps.
HERE, a major optical imagery customer since 2015, will leverage Maxar’s imagery
products, specifically Vivid and Metro mosaics, to provide accurate
and up-to-date maps for their customers. HERE location technology is
utilized across industries and approximately 4 out of 5 vehicles with
embedded navigation systems sold in North America and Western Europe are
equipped with HERE map data on board. Maxar’s Vivid and Metro products
provide high-quality satellite image layers updated annually with
industry-leading 50 cm resolution coverage globally and 30 cm resolution
coverage of major cities around the world.
HERE will also incorporate these global maps, derived 2D and 3D features
and location intelligence information into their autonomous vehicle
program and other mapping applications across many customer segments.
Maxar’s imagery will provide an accurate, foundational data layer in
these innovative, map-based applications.
“HERE Technologies is proud to award Maxar our Most Innovative Supplier
Award,” said Jeff Amsel, Vice President and Head of Global Sourcing at
HERE Technologies. “Maxar’s high-quality satellite imagery supports our
core mapping mission for in-car navigation systems and our development
of autonomous vehicle technology.”
“Winning the HERE Most Innovative Supplier Award is an honor as it
validates the value our industry-leading geospatial data brings to our
customer’s most critical business objectives,” said Jeff Culwell,
Maxar’s Chief Product Officer. “HERE mapping applications enable people
to navigate the world no matter how quickly it changes, and we are proud
to play a key role in the development of that technology.”
The operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar is at
the nexus of the new space economy, developing and sustaining the
infrastructure and delivering the information, services, and systems
that unlock the promise of space for commercial and government markets.
The operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization. As a trusted
partner with 5,900 employees in over 30 global locations, Maxar provides
vertically integrated capabilities and expertise including satellites,
Earth imagery, robotics, geospatial data and analytics to help customers
anticipate and address their most complex mission-critical challenges
with confidence. Every day, billions of people rely on Maxar to
communicate, share information and data, and deliver insights that Build
a Better World. Maxar trades on the New York Stock Exchange and Toronto
Stock Exchange as MAXR. For more information, visit www.maxar.com.
Forward-Looking Statements
Certain statements and other information included in this release
constitute “forward-looking information” or “forward-looking statements”
(collectively, “forward-looking statements”) under applicable securities
laws. Statements including words such as “may”, “will”, “could”,
“should”, “would”, “plan”, “potential”, “intend”, “anticipate”,
“believe”, “estimate” or “expect” and other words, terms and phrases of
similar meaning are often intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words. Forward-looking statements involve estimates,
expectations, projections, goals, forecasts, assumptions, risks and
uncertainties, as well as other statements referring to or including
forward-looking information included in this presentation.
Forward-looking statements are subject to various risks and
uncertainties which could cause actual results to differ materially from
the anticipated results or expectations expressed in this presentation.
As a result, although management of the Company believes that the
expectations and assumptions on which such forward-looking statements
are based are reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no assurance
that they will prove to be correct. The risks that could cause actual
results to differ materially from current expectations include, but are
not limited to, the risk factors and other disclosures about the Company
and its business included in the Company’s continuous
disclosure materials filed from time to time with U.S. securities and
Canadian regulatory authorities, which are available online under the
Company’s EDGAR profile at www.sec.gov,
under the Company’s SEDAR profile at www.sedar.com or
on the Company’s website at www.maxar.com.
The forward-looking statements contained in this release are expressly
qualified in their entirety by the foregoing cautionary statements. All
such forward-looking statements are based upon data available as of the
date of this presentation or other specified date and speak only as of
such date. The Company disclaims any intention or obligation to update
or revise any forward-looking statements in this presentation as a
result of new information or future events, except as may be required
under applicable securities legislation.
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