ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Spire Global Awarded Contract Under European Space Agency’s NAVISP Element 2 Program

Company to develop flexible geolocation signal processing tools

Spire Global, Inc.(NYSE: SPIR) ("Spire" or the "Company"), a leading global provider of space-based data, analytics, and space services, has been awarded a contract under the European Space Agency's (ESA) Navigation Innovation and Support Programme (NAVISP) Element 2 Program funded by UK Space Agency. Spire will work with NAVISP to build on the current capabilities of the Spire constellation and develop tools needed for geolocation signal processing, which will be applied toward geolocating Global Navigation Satellite System (GNSS) interferences coming from Earth’s surface. Spire’s low-earth orbit (LEO) nanosatellite technology will be used to collect suspect interfering RF signals from a range of geographic areas prone to disruptions. Advanced processing algorithms will be developed to characterise the collected signals in support of a range of potential use cases.

NAVISP Element 2 emphasizes maintaining and improving the capability and competitiveness of the position, navigation, and timing (PNT) industry and its technologies and services in the global satellite navigation market. In recent years, PNT services have become ubiquitous and are currently relied upon by numerous applications, including key elements of critical national infrastructure such as telecommunications, emergency services, energy, finance, food, and transport. The GNSS signals utilized in these applications are vulnerable to interference, which can disrupt PNT services.

Drawing from Spire's expertise in space-based infrastructure and GNSS, the project will develop a suite of geolocation signal collection and processing techniques (including single and multi-satellite) to detect and characterise signals collected from a variety of expected interference scenarios.

“Satellite-derived position, navigation, and timing signals underpin services such as banking and transportation, as well as almost all the UK’s Critical National Infrastructure (including energy, policing, and healthcare) and defense operations,” says the United Kingdom’s 2021 National Space Strategy. “Space capabilities are already central to many basic safety-critical civil functions, and this dependency on space will only increase.”

“In order to maintain the continuity of applications reliant on PNT services, we recognized a need for a more proactive monitoring solution for sources of interference,” said Theresa Condor, Chief Operating Officer at Spire Global. “Given the massive number of potential interference sources and large areas to monitor, it’s difficult to perform effective monitoring from the ground or aircraft altitudes, and current technologies are not practical at scale. Implementing a more advanced system will increase coverage of these vulnerable areas, and encourage more targeted and localized actions to ensure faster activation of backup solutions.”

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.

About NAVISP Element 2

NAVISP is an optional programme of the European Space Agency initiated in 2017 to support the generation and introduction of innovation in various PNT market segments. The main goal of NAVISP is to generate innovative concepts, techniques and systems linked to the highly competitive and evolving global market for PNT technologies. Element 2 keeps demonstrating the pertinence of its action with more than 120 activities incubated so far.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.