BlackBridge Secures $22 Million for New Satellite Constellation

A new generation of RapidEye Satellites is underway

Berlin, Germany, May 15, 2014 – BlackBridge has secured $22 million (CDN) in funding from the Bank of Montreal (BMO) and the Business Development Bank of Canada (BDC) for the development of its next generation of satellites, RapidEye+, and for the renewal of existing credit facilities.  This financing will contribute to the development of a new satellite constellation that will enhance BlackBridge’s already remarkable imaging prowess, allowing the company to expand its current range of geospatial solutions.

BlackBridge CFO Richard Goode says of the investment, "We are pleased that both BMO and BDC have joined us in the development of our next generation of satellites. We are seeking strong long-term partners as we continue to grow our business, and both BMO and BDC provided the financial strength and commitment we were looking for.”

Mr. Braun, BMO, is enthusiastic about the project, “We are proud to be a part of BlackBridge’s RapidEye+ project, and we look forward to continued involvement as the new satellites are built.”

Matthew Kellow, Managing Director, Subordinate Financing with BDC states, “BlackBridge is a dynamic, growth-oriented, and forward-thinking company that is a great example of the type of company we are looking to partner with over the long-term. We are excited about furthering our partnership with the company and the new business opportunities that will result from RapidEye+.” 

About BlackBridge

BlackBridge is focused on providing end to end solutions across the geospatial value chain. This includes satellite operations, data center and geocloud solutions, and worldwide satellite imagery distribution through over 100 BlackBridge partners, combined with the creation of value added products and services.


Contact:

Nicole Heringer
Marketing Communications Manager
BlackBridge
Kurfürstendamm 22, 10th floor
10719 Berlin, Germany
(49) 030 609 8300 516
press@blackbridge.com




Review Article Be the first to review this article
Featured Video
Editorial
Latest Blog Posts
Jobs
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
GIS Specialist for Schneider Geospatial at Indianapolis, Indiana
Senior Highway Engineer for RS&H at Jacksonville, Florida
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Assistant Professor in Applied GIS for University of San Diego at San Diego, California
Upcoming Events
Canadian Manufacturing Technology Show 2021 at The International Centre (Hall 2) 6900 Airport Road Mississauga, Ontario L4V 1E8 Canada - Oct 4 - 7, 2021
Houstex 2021 at George R. Brown Convention Center Houston TX - Oct 5 - 7, 2021
Autodesk University 2021 | Free digital conference at United States - Oct 5 - 14, 2021
HxGN Live Design & Engineering 2021 - Virtual at United Kingdom - Oct 12 - 14, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise