Esri Signs Strategic Contract with GeoEye

HERNDON, Va., April 14, 2011 /PRNewswire/ -- GeoEye, Inc. (Nasdaq: GEOY), a leading source of geospatial information and insight, announced today that Esri has signed a strategic contract to license a large amount of GeoEye's high-resolution IKONOS archive imagery. Esri, based in Redlands, Calif., will blend this highly accurate imagery with its current imagery data from multiple sensors to produce a global, static cache map layer. This imagery base layer will be displayed and served to Esri users via ArcGIS.com, an online system for working with geographic information through a range of GIS desktops, Web browsers and mobile devices. Esri will begin building this imagery base layer within the next few weeks and expects to complete it in early 2012.

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Esri and GeoEye are working together to make GeoEye's imagery archive more accessible to Esri ArcGIS users. In addition, improved search and discovery of GeoEye's content will provide Esri users with a fuller, richer user experience. This foundation marks the beginning of a new direction in the partnership, as it will bring new solutions to both ArcGIS and GeoEye imagery users. The two companies plan to announce joint offerings and other initiatives later in the year.

"Esri has been GeoEye's trusted partner for more than a decade, so we are very excited to embark on this new project with them," said Chris Tully, GeoEye's senior vice president of Sales. "This innovative GIS solution will deliver a better user experience to Esri customers by providing easy access to GeoEye's satellite imagery in their everyday tools."

Jack Dangermond, Esri's president and founder, commented, "Our partners are instrumental in the continued evolution and adoption of GIS. Through our collaboration with GeoEye, we're pleased to add this unique offering to our collection of high quality base maps of the world."

About Esri

Esri develops geographic information systems (GIS) solutions that function as an integral component in nearly every type of organization. Esri software is used by more than 350,000 organizations worldwide including most U.S. federal agencies and national mapping agencies, 45 of the top 50 petroleum companies, all 50 U.S. state health departments, most forestry companies, and many others in dozens of industries.

Esri software is the standard in state and local government and is used by more than 24,000 state and local governments including Paris, France; Los Angeles, California, USA; Beijing, China; and Kuwait City, Kuwait.

About GeoEye

GeoEye 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This 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 fiscal year ended Dec. 31, 2010, which we filed with the Securities and Exchange Commission ("SEC") on March 15, 2011, and our Quarterly Reports on Form 10-Q for the period ended March 31, 2010, June 30, 2010 and Sept. 30, 2010, which we filed with the SEC on May 10, 2010, Aug. 9, 2010 and Nov. 9, 2010, 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.

SOURCE GeoEye

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