SAN FRANCISCO — (BUSINESS WIRE) — March 5, 2024 — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its fully owned subsidiary, Planet Labs Federal Inc., was awarded a seven-figure contract by the Naval Information Warfare Center (NIWC) Pacific for vessel detection and monitoring over key areas of interest throughout the Pacific. The project will integrate both Planet’s daily, global PlanetScope data and high-resolution SkySat data into the Department of Transportation’s SeaVision platform, a web-based maritime situational awareness tool. The contract includes fusion of technology from SynMax, a longtime Planet partner, who will provide vessel detection using their analytics technology over Planet data.

Planet’s daily, global coverage, powered by its flagship PlanetScope constellation, is uniquely suited for broad area management, and will provide the SeaVision platform with a comprehensive and timely view of millions of square kilometers of ocean areas. In addition to this sweeping coverage, NIWC Pacific will also have access to Planet’s high-resolution SkySat data which can be used to capture finer detail. Further, SynMax has applied a subset of its Theia technology to meet the unique requirements of the NIWC Pacific project. This proprietary artificial intelligence (AI) enhancement enables the detection of maritime events at strategic and tactical levels, crucial for revealing illegal, unreported, and unregulated (IUU) fishing, illicit ship-to-ship transfers, and vessel spoofing. This work showcases the synergy between Planet's satellite capabilities and SynMax's advanced analytics.

Integrating electro-optical imagery-derived vessel detections and high-resolution tasked imagery into the SeaVision platform will allow users to improve maritime domain awareness throughout the region. The unclassified data can be used to help validate alternative datasets, including Automatic Identification System (AIS) positions, and makes it easily shareable with SeaVision users, promoting a common understanding of key areas in the Pacific.

“NIWC Pacific continually pushes the bounds of innovating and advancing unmatched and disruptive technology in support of their operations,” said Jon Powers, Planet Federal’s General Manager. “Planet possesses a unique broad area imagery collection of land and ocean areas in the Indo-Pacific, so it's exciting for us to contribute that unique capability to provide maritime insights in support of the SeaVision mission.”

Planet Federal is pleased to equip US Federal Civilian Agencies, the Department of Defense, and Intelligence Community with real-time satellite data and analytics required to monitor and respond to global changes and looks forward to this important collaboration with NIWC Pacific.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible, and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 950 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the Company’s ability to capture market opportunity and realize any of the potential benefits from current or future product enhancements, new products, or strategic partnerships, contracts and customer collaborations. Forward-looking statements are based on the Company’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future events and results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s ability to obtain or maintain regulatory approvals and/or adhere to regulatory requirements, including those related to Planet’s ability to operate as a government contractor with the required security clearances; changes in government policies regarding use of commercial data or satellite operators, material delay or cancellation of certain government programs, government spending authorizations and budgetary priorities; changes in general global economic conditions or Planet’s operations (including the development, launch and operation of satellites) that may alter or delay Planet’s ability to perform under future contracts and the final profitability of such contracts; the cancellation of contracts by the customer and any potential contract options which may or may not be awarded in the future; and the risk factors and other disclosures about Planet and its business included in Planet’s periodic reports, proxy statements, and other disclosure materials filed from time to time with the Securities and Exchange Commission (SEC) which are available online at www.sec.gov, and on Planet’s website at www.planet.com. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date such statements are made. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

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Planet Press
Sarah Bates
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Planet Investor Relations
Chris Genualdi, Cleo Palmer-Poroner
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