HERNDON, Va., Nov. 27, 2012 /PRNewswire/ -- GeoEye, Inc. (NASDAQ: GEOY), a leading source of geospatial information and insight, has partnered with the Japan Space Imaging Corporation (JSI), a Mitsubishi Corporation subsidiary, to provide a major Japanese ministry with access to comprehensive high-resolution satellite imagery of all of Japan through GeoEye's EyeQ™ platform. (Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO) Under the agreement, which extends a deal first established earlier this year, JSI will use EyeQ to provide Japanese ministry analysts with on-line, on-demand access to the GeoEye- and JSI-owned satellite imagery covering Japan. JSI will manage the flow of online product to the ministry to ensure that ministry analysts receive imagery on-demand and they are able to view the data through Open Geospatial Consortium (OGC) services as part of their work flow process. EyeQ will allow a wide array of non-specialist analysts to quickly and easily access GeoEye's accurate, high-resolution content in near real-time, within hours of its collection. "This agreement with JSI to serve a Japanese ministry marks an important milestone for GeoEye. The Japanese government is the first major international government to benefit from EyeQ managed services. This will allow the ministry's analysts to access geospatial data previously accessible only to highly advanced users," said Chris Tully, GeoEye's senior vice president of Sales. JSI is a leading provider of satellite imagery and geospatial solutions for government and commercial customers. GeoEye has had a working relationship with JSI since 1998 for JSI to collect and sell Earth imagery and related products, initially from IKONOS and eventually including GeoEye-1. JSI has used EyeQ since 2010 and is currently the service's largest commercial customer. About GeoEyeGeoEye is a leading source of geospatial information and insight for decision makers and analysts, who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe. Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 700 employees worldwide. Learn more at www.geoeye.com. About JSIJSI is a Mitsubishi Corporation subsidiary, which is a provider of satellite imagery and geospatial solutions for government and commercial customers. Learn more at http://www.spaceimaging.co.jp/english/tabid/59/Default.aspx. About Mitsubishi CorporationMitsubishi Corporation (MC) is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, MC employs a multinational workforce of approximately 54,000 people. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise. In space and defense industries, MC, through its Ship, Aerospace & Transportation Systems Division, provides government users and system integrators with high quality services in marketing, logistics and financing in various stages of national-scale projects. For more information, visit http://www.mitsubishicorp.com/en/. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2011, which we filed with the Securities and Exchange Commission ("SEC") on March 13, 2012, as updated in our Quarterly Reports on Form 10-Q for the periods ended March 31, 2012, June 30, 2012, and October 31, 2012, which we filed with the SEC on May 4, 2012, August 7, 2012, and November 6, 2012, respectively. Copies of all SEC filings may be obtained from the SEC's EDGAR Web site, http://www.sec.gov/ or by contacting: William L. Warren, Executive Vice President, General Counsel and Secretary, at 703-480-5672.
GeoEye (Nasdaq:GEOY) hit a new 52-week low Monday as it is currently trading at $17.92, below its previous 52-week low of $17.98 with 23,389 shares traded as of 10:10 a.m. ET. Average volume has been 277,200 shares over the past 30 days.