Spire Global Awarded $3.8 Million NOAA Contract for Satellite Weather Data

Spire Global Awarded $3.8 Million NOAA Contract for Satellite Weather Data

VIENNA, Va.--(BUSINESS WIRE)-- Spire Global, Inc. (NYSE: SPIR) ("Spire" or "the Company"), a global provider of space-based data, analytics and space services, was awarded a $3,832,500 contract from the National Oceanic and Atmospheric Administration (NOAA) to provide radio occultation (RO) data for a one-year period from September 18, 2024 to September 18, 2025.

The Company's near-real-time RO data consists of vertical profiles of atmospheric measurements, including pressure, humidity and temperature, that can reach all points of the globe. The data will be used for NOAA's operational weather forecasts, space weather models and climate research, among other applications.

"From the ultimate vantage point of space, our satellites are able to provide unique data sets to improve weather prediction, contribute to climate research, and ultimately, protect lives and prevent the loss of property," said Mike Eilts, general manager of Weather & Climate at Spire Global. "Our continued work with NOAA speaks to the power of government partnership with the commercial satellite industry to improve weather forecasting."

The award is part of an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $59 million ceiling for NOAA's Commercial Weather Data Program's Radio Occultation Data Buy II.

About Spire Global, Inc.

Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire's satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has nine offices across the U.S., Canada, UK, Luxembourg, Germany and Singapore. To learn more, visit spire.com.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company's anticipated financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "would," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "project," "potential," "seek" or "continue" or the negative of these words or other similar terms or expressions that concern the Company's expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company's expectations for the use of its RO data and such data's ability to improve weather prediction, contribute to climate research, protect lives and prevent the loss of property.

The Company cautions you that the foregoing list may not contain all of the forward-looking statements made in this press release. You should not rely upon forward-looking statements as predictions of future events. For other risk factors affecting the Company, see "Risk Factors" in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The Company cannot assure you that the results, events, and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements.

Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Moreover, the forward-looking statements made in this press release relate only to expectations as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the forward-looking statements.

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For media:
Kristina Spychalski
Head of Communications
[email protected]

For investors:
Benjamin Hackman
Head of Investor Relations
[email protected]

Source: Spire Global, Inc.

Released September 9, 2024