March 15, 2023
InnerPlant and Satellogic to Launch First-Ever Device for Detecting Human-Made Crop Signals from Space
Satellite-mounted Imager to Detect Fluoresces from Crops when Under Stress from Pathogen Attack or a Lack of Water or Nutrients
InnerPlant, the company creating a new category of seed technology that unlocks data and makes global farming more efficient and sustainable, and Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced a collaboration to launch a first-of-its-kind device designed to detect human-engineered crop signals from space. The announcement was made on the opening day of the World AgriTech Innovation Summit.
The specially designed imaging instrument is scheduled to be mounted to a Satellogic satellite and is intended to detect optical signals emitted by crops engineered by InnerPlant to fluoresce in response to stress such as an attack from pathogens or a lack of water or nutrients.
Drone-based aerial testing is expected to start in the next few months and the satellite-mounted device is planned to launch aboard a SpaceX Falcon 9 rocket later this year. The success of this mission will mark the first time in history that a signal from a human-engineered organism is detected from orbit.
“Better data directly from plants gives farmers the tools they need to increase yields while reducing chemical inputs. Modern farming taking place on such a vast scale – with many farms in the thousands of acres – makes satellite detection a critical way to collect data affordably,” Shely Aronov, CEO and founder of InnerPlant, said from the Summit. “Satellogic understands how EO data collection fits with farming and is truly giving InnerPlant and the future of agriculture a figurative and literal boost.”
Studies show that farmers lose as much as 40% of yields or $220B worldwide due to pathogens in spite of overapplication that sees as much as 30% or $250B of pesticides wasted – negatively impacting our air, water and soil.
Earlier detection and more responsive, plant-specific interventions offer a way to prevent waste and losses but historically farmers lacked early actionable data. Satellite-based detection can provide a scalable way to give farmers the early warning they need to better care for crops and soils.
“The democratization of high-resolution, high-quality remote-sensing imagery holds tremendous potential for critical human endeavors,” pointed out Satellogic’s CEO Emiliano Kargieman. “There’s no clearer demonstration of this potential than applying Satellogic’s imaging capabilities to help farmers grow the food the planet’s growing population needs while reducing chemical use and increasing sustainability.”
InnerPlant is a team of curious scientists and entrepreneurs creating innovative traits that harness plant physiology and unlock data at scale to boost global agricultural yields and sustainability. The company was founded in 2018 by Shely Aronov and Rod Kumimoto. InnerPlant was recently recognized with a Special Mention TIME Best Inventions and was named a finalist in General Excellence by Fast Company’s World Changing Ideas Awards. For more information visit: innerplant.com.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images and analytics to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.
With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.
To learn more, please visit: http://www.satellogic.com
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategies, Satellogic’s future opportunities, and the commercial and governmental applications for Satellogic’s technology. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by, an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Satellogic’s ability to scale its constellation of satellites and to do so on Satellogic’s projected timeframe and in accordance with projected costs, (ii) Satellogic’s ability to continue to meet image quality expectations, to continue to enhance the capability of its network of satellites and to continue to offer superior unit economics, (iii) Satellogic’s ability to become or remain an industry leader, (iv) the number of commercial applications for Satellogic’s products and services, (v) Satellogic’s ability to address all commercial applications for satellite imagery, changes in the competitive and highly regulated industries in which Satellogic operates, variations in operating performance across competitors and changes in laws and regulations affecting Satellogic’s business, (vi) the ability to implement business plans, forecasts and other expectations, and to identify and realize additional opportunities, (vii) the risk of downturns in the commercial launch services, satellite and spacecraft industry, (viii) the risk that the market for Satellogic’s products and services does not develop as anticipated, (ix) the risk that Satellogic and its current and future collaborators are unable to successfully develop and commercialize Satellogic’s products or services, or experience significant delays in doing so, (x) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations, (xi) the risk of product liability or regulatory lawsuits or proceedings relating to Satellogic’s products and services, and (xii) the risk that Satellogic is unable to secure or protect its intellectual property. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 20-F and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.
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