OrbView-3 Imaging Satellite Commercial Remote Sensing Policy

EARTH OBSERVATION

Remote sensing and earth observation services are essential for many industries today.

Dulles - May 29, 2003
Orbimage executives and investors reacted very positively after the White House released its new policy on Commercial Remote Sensing yesterday. The policy released by the Bush Administration replaces that from 1994 from President Clinton and significantly relaxes restrictions on what capabilities U.S. commercial remote sensing companies can provide both domestically and internationally with the goal to maintain this country's leadership in remote sensing space activities.

As a practical result of the ongoing National Space Policy Review, the new policy exhorts U.S. Government Agencies to maximize its use of commercial remote sensing space capabilities to fulfill the imagery needs for military, intelligence, foreign policy, homeland security and civil uses, and to develop a long-term, sustainable relationship with the U.S. commercial remote sensing space industry.

"This timely announcement is good news at Orbimage as we are just weeks away from launching OrbView-3, our first high resolution imaging satellite," said Matt O'Connell, Orbimage's CEO.

"We are grateful the new policy incorporates many of the changes we sought to help assure Orbimage's future viability. Not only will it reinforce our existing partnership with the National Imagery and Mapping Agency (NIMA), this new policy also helps to remove uncertainty in the eyes of capital markets as to the extent all government agencies will partner with Orbimage, and our commercial industry, for its imagery and mapping needs."

At the Commercial Satellite and Remote Sensing Symposium in Washington, D.C. today, Orbimage's Executive Vice President and CFO, Armand Mancini, stated, "This new policy helps Orbimage to gain better visibility into future revenues and provides a solid foundation to build a profitable business through our expanding relationships with the U.S. Government and international partners."

The OrbView-3 Satellite was developed and built for Orbimage by Orbital Sciences Corporation at its satellite manufacturing facility in Dulles, Virginia. OrbView-3 will provide high-resolution imagery from space.

OrbView-3's high-resolution camera will acquire one-meter resolution panchromatic (black and white) and four-meter resolution multispectral (color) imagery.

This imagery will be valuable to customers around the world for a wide-range of commercial, government and consumer applications. With the ability to image virtually anywhere in the world within three days,

EARTH OBSERVATION

Foundation Hails White House Remote Sensing Policy

Los Angeles - May 22, 2003
The Space Frontier Foundation hailed the new U.S. Commercial Remote Sensing Policy released by the White House, and challenged NASA to implement the policy by creating a fund for commercial data purchase.

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