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Press Releases
PRNewswire-FirstCall
DULLES, Va.
(NASDAQ:GEOY)
DULLES, Va., Sept. 2 /PRNewswire-FirstCall/ -- GeoEye, Inc. (NASDAQ: GEOY), announced today a slip in the launch of its GeoEye-1 satellite from Vandenberg Air Force Base, Calif. While the launch vehicle and satellite are on the pad and ready for a launch later this week, United Launch Alliance (ULA) advised the Company today that Hurricane Hanna's projected path off the east coast of Florida has impacted the availability of certified Delta II launch specialists available to travel to VAFB to support the GeoEye-1 launch. ULA is currently planning the launch for no earlier than September 7 and is taking all of the steps necessary to support this date. GeoEye will announce a new date as soon as it is confirmed by our launch provider.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080625/LAW528LOGO)
The 45th Space Wing at Patrick AFB, Fla., has declared HURCON 4 (Hurricane Condition 4), meaning that there is a storm with sustained winds of greater than 50 knots anticipated within 72 hours at the Cape Canaveral Air Force Station (CCAFS). Under this condition, personnel may elect to remain with their families for the duration of the storm instead of travelling to California for the GeoEye-1 launch. ULA frequently shifts personnel from coast to coast to support launches.
Bill Schuster, GeoEye's chief operating officer, said, "Unfortunately, Hurricane Hanna has created this 'perfect storm' where despite having the spacecraft and booster ready and expected favorable weather on the West Coast, we are unable to launch due to lack of launch personnel because of weather on the East Coast. We expect to confirm a new launch date very soon, but it's dependent on Hanna's storm track and other storms currently in the Atlantic approaching the U.S. landmass."
The Flight Readiness Review was successfully completed on August 28 establishing that all elements were ready for the upcoming launch and this remains the case as soon as this staffing shortfall caused by the hurricane is resolved.
About GeoEye
GeoEye is the premier provider of geospatial information for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. The Company is recognized as the industry's trusted imagery expert for delivering reliable service and the exceptional quality of its imagery products and solutions. It operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced imagery processing capabilities for developing innovative geospatial products and solutions. The Company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. Headquartered in Dulles, Virginia, GeoEye is a public company listed on the Nasdaq stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com/.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. Statements including words such as "anticipate", "believe", or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.
Photo: http://www.newscom.com/cgi-bin/prnh/20080625/LAW528LOGOAP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
SOURCE: GeoEye, Inc.
CONTACT: Mark Brender of GeoEye, +1-703-480-9562,
brender.mark@geoeye.com; or Amy Estes of LeGrand Hart, +1-303-298-8470,
ext. 218, aestes@legrandhart.com, for GeoEye
Web site: http://www.geoeye.com/
About GeoEye
GeoEye is an international technology company serving government and commercial markets. The company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world. Headquartered in Dulles, Virginia, the company has 534 employees, as of September 30, 2009, dedicated to developing best-in-class geospatial, communications and information products, systems, and services. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation (http://www.geoeyefoundation.org). GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye, Inc. is available at www.geoeye.com.
