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Bowman to Lead Multi-State Aerial Lidar Work Under U.S. Geological Survey's 3D Elevation Program
Globenewswire· 2025-07-10 11:30
Core Insights - Bowman Consulting Group Ltd. has been awarded a federal task order by the U.S. Geological Survey to lead aerial lidar data collection for the 3D Elevation Program, which aims to create a national baseline of high-resolution topographic data [1][2] - The task order covers over 8,800 square miles in regions affected by Hurricane Helene, with Bowman responsible for aerial acquisition and lidar processing, while Merrick & Company will manage the project and conduct ground surveys [2][3] - Bowman has successfully collected and processed over 150,000 square miles of lidar data under the Geospatial Products and Services Contract, reinforcing its position in high-barrier federal programs [3] Company Overview - Bowman Consulting Group is headquartered in Reston, Virginia, and employs over 2,400 staff across more than 100 locations in the U.S., providing a range of engineering and project management services [5] - The company specializes in infrastructure, technology, and project management solutions for clients in various regulated markets [5]
Satellogic Announces Closing of $20 Million Registered Direct Offering of Class A Common Stock
Globenewswire· 2025-04-16 20:15
Core Viewpoint - Satellogic Inc. has successfully completed a registered direct offering of 6,451,612 shares of Class A Common Stock at a price of $3.10 per share, raising approximately $20 million in gross proceeds for general corporate purposes [1][2]. Financial Summary - The offering is expected to generate gross proceeds of around $20 million before deducting placement agent fees and other expenses [2]. - The funds raised will enhance the company's liquidity and support operational execution and growth initiatives [4]. Strategic Initiatives - The recent offering, along with a $30 million contract for a low latency, AI-first satellite constellation, positions the company for significant growth opportunities [3]. - The company is focusing on its strategic realignment as a U.S. entity to leverage its data insights and technology [3]. Company Background - Founded in 2010, Satellogic is a vertically integrated geospatial company that aims to democratize access to high-resolution Earth observation data [6][7]. - The company utilizes patented Earth imaging technology to provide affordable solutions for various global challenges, including climate change and food security [7][8].