DigitalGlobe to Provide WorldView-4 Access to Another New International Defense and Intelligence Customer

Existing Direct Access Customer Also Commits to WorldView-4 Capacity

WESTMINSTER, Colo.--()--DigitalGlobe, Inc. (NYSE: DGI), the global leader in earth imagery and information about our changing planet, today announced it has received two new satellite capacity commitments from international defense and intelligence customers, adding to the unprecedented pre-launch demand for WorldView-4 imagery ahead of its planned September 15 launch.

DigitalGlobe entered into a letter of intent with what is expected to become its 12th Direct Access Program customer. The multi-year commitment will allow the customer to rapidly task and receive imagery from all of DigitalGlobe’s WorldView satellites, via the installation of a new constellation Direct Access Facility. DigitalGlobe has also entered into a letter of intent with an existing international defense and intelligence customer for WorldView-4 capacity.

These letters of intent, combined with the previously announced commitments, anchored by WorldView-3 and WorldView-4, bring total commitments since the third quarter of 2015 to $415 million, of which approximately 55% is under firm contract. These commitments would generate an increase in annualized contracted revenue of approximately $55 million dollars, which would begin to be recognized as these contracts come on line throughout 2017 and into 2018. While there is no assurance that letters of intent will convert into firm contracts, this has historically been the case.

“The latest commitments further demonstrate the value that our allies around the world place on direct, priority access to our high-accuracy, high-resolution satellite imagery, which enables them to make critical decisions with confidence,” said Jeffrey R. Tarr, DigitalGlobe Chief Executive Officer. “With the additional 30 cm capacity that we’re bringing online with WorldView-4, and the investments we’ve made in our constellation Direct Access Facility program, we are meeting the growing demand from new and existing customers alike.”

About DigitalGlobe

DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.

Special note regarding forward-looking statements

Certain statements contained herein, including statements about our 2016 outlook and in the management quotation, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “looks forward to” or the negative of these terms or other similar words, although not all forward-looking statements contain these words.

Forward-looking statements are based upon our current expectations and assumptions of future events and are subject to risks and uncertainties that could cause our actual results or performance to differ materially from those indicated by such forward looking statements. Some of the risks and uncertainties that could cause actual results to differ include, but are not limited to: the loss or reduction in scope of any of our primary contracts, or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; our ability to meet our obligations under the EnhancedView contract; our reliance on a limited number of vendors to provide certain key products or services to us; breach of our system security measures or loss of our secure facility clearance and accreditation; the loss or damage to any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; loss or damage to the content contained in our ImageLibrary; interruption or failure of our ground systems and other infrastructure; decrease in demand for our imagery products and services; increased competition that may reduce our market share or cause us to lower our prices; changes in political or economic conditions, including fluctuations in the value of foreign currencies, interest rates, energy and commodity prices, trade laws and the effects of governmental initiatives to manage economic conditions; our ability to recruit, hire or retain key employees or a highly skilled and diverse workforce; failure to obtain or maintain required regulatory approvals and licenses; and, changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services. Additional information concerning these and other risk factors can be found in our filings with the Securities and Exchange Commission, including Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2015.

We undertake no obligation to revise or update any forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Contacts

DigitalGlobe
Investor Relations Contact
Fred Graffam, 303-684-1692
ir@digitalglobe.com
or
Edelman for DigitalGlobe
Media Contact
Ashley Chauvin, 212-277-3818
DigitalGlobe@edelman.com

Contacts

DigitalGlobe
Investor Relations Contact
Fred Graffam, 303-684-1692
ir@digitalglobe.com
or
Edelman for DigitalGlobe
Media Contact
Ashley Chauvin, 212-277-3818
DigitalGlobe@edelman.com