HySpecIQ eyes hyperspectral data market with Phoenix small satellite

HySpecIQ eyes hyperspectral data market with Phoenix small satellite

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HySpecIQ, which is positioning itself as the first commercial provider of high-resolution hyperspectral information from space, has placed an order for two 502 Phoenix small satellite. Paris, September 17, 2014: HySpecIQ, which positions itself as the first commercial provider of high-resolution hyperspectral information from space, has placed an order for two 502 Phoenix small satellite. Boeing claims that these satellites will carry the commercial remote sensing industry’s first high-resolution hyperspectral payload, capable of providing spectral imaging fidelity that far exceeds what is currently available.

Craig Cooning, president of Network & Space Systems, said, “502 Phoenix is well-suited for a range of missions that includes electro-optical imaging and remote sensing, space situational awareness and satellite communications.”

According to the partly vendor funded contract, Boeing will manage sales, processing and distribution of the hyperspectral imagery products to the US Government intelligence community, Department of Defense and international partner customers. HySpecIQ will manage sales, processing and distribution of the hyperspectral imagery products to the global civil and commercial market.

Joseph Fargnoli, the firm’s executive VP of product development, said that HySpecIQ planned to “unlock the potential of high-resolution hyperspectral data with proprietary analytics to create high value information products for clients”.

The capability should enable HySpecIQ to deliver a range of information products to large commercial markets such as the global oil and gas industry, as well as mining, agriculture and environmental monitoring.

Hyperspectral imaging is an information-rich technology that uses spectral color bands to identify objects and materials in an image. More than 200 spectral colors in the visible and shortwave infrared spectrum are collected to uncover diagnostic spectral patterns not visible to the naked eye. The technology provides valuable data and enables the delivery of information products to key markets, including the global oil, gas, mining, agriculture and environment monitoring industries, as well as U.S. government agencies and partner countries.

Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018; command and control operations; image processing; and data storage of collected imagery. The contract also includes options for long-term operations and maintenance.

Source: Boeing