Ursa and SI Imaging Services announce new satellite analytics collaboration
Ursa Space Systems, Inc. of Ithaca, NY and SI Imaging Services announced on January 29 that they have signed a multi-year contract, establishing Ursa’s continued access to KOMPSAT 5 radar satellite imagery, distributed exclusively by SIIS.
This contract renews a long-standing partnership, extending back to Ursa’s beginnings as a satellite imagery analytics company and the companies are excited to continue to partner to provide intelligence, analytics, and new insights as Ursa’s technology creates new products for a wide range of industries. SIIS was an early partner in Ursa’s global network and their radar imagery is leveraged across Ursa’s suite of analytics products.
“We had established this partnership in May 2017 in order to provide KOMPSAT-5 radar data that helps Ursa provide value-added services to customers,” explained Wook-Hyun Choi, vice president of SI Imaging Services. “Ursa has been a great partner in using KOMPSAT-5 data and extracting meaningful information out of it.”
Among other things, Ursa’s products offer insight into the global oil supply chain. Their leading product, Global Oil Storage Monitoring provides customers with weekly measurements of crude oil storage in 150 locations worldwide. The resulting increased transparency in energy markets has improved decision making for consumers.
“SIIS has proved a valuable and reliable partner over the course of Ursa’s growth,” said Derek Edinger, Ursa co-founder, and chief strategy officer. “The SIIS contribution to our radar satellite network has enabled us to pursue our mission of providing accurate, meaningful intelligence to customers.”