ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Planet’s Expanded Contract with Government of New South Wales Supports Emergency and Climate Change Response

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, recently expanded its contract with the Government of New South Wales, Australia (NSW) through partner NGIS to support crisis response and urban planning and biodiversity management. NSW has been an early adopter of Planet data, using it for critical applications such as flood disaster response, water resource management, and wildfire response.

In recent years, Australia has faced a number of challenges connected to climate change. Due to extreme weather brought on by a multi-year La Niña event, Australia has experienced severe flooding during the last two years. Planet’s satellites have tracked these natural disasters, helping to inform the media and support partners in the region. Through NGIS, our satellite imagery has helped provide a safe and swift way for the New South Wales State Government Agencies and Local Councils to gain situational awareness over flooded areas and make timely decisions.

“By using Planet’s data, we have been able to gather bird’s eye views of critical situations, like the flooding we experienced at the beginning of the year. This allowed us to quickly analyze the immediate impacts of the disaster on communities and infrastructure,” said Glenda Dunn, NSW’s Central Darling Council.

The Government of NSW is also using Planet data to monitor water consumption across the state, watching for the effectiveness of water restrictions, license and planning conditions; ensuring a fair distribution of water resources during drought conditions and tracking individual compliance. NSW found Planet’s imagery archive of proprietary datasets going back to 2009 particularly useful, enabling them to look at the historical impact of environmental events.

Through this expansion, the Government of NSW is also leveraging Planet’s SkySat data to inform sustainable housing development. With this data, they are evaluating vegetation change over time in developing regions, identifying areas for restoration, creating koala corridor maps for protection, and issuing sustainable housing permits.

This expansion will continue to support NSW’s work in emergency and natural resource management, sustainable development, and help regulate various state-level industries.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly known as Twitter).

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  220.69
+3.55 (1.63%)
AAPL  271.49
+5.24 (1.97%)
AMD  203.78
-2.24 (-1.09%)
BAC  51.56
+0.56 (1.10%)
GOOG  299.65
+9.67 (3.33%)
META  594.25
+5.10 (0.87%)
MSFT  472.12
-6.31 (-1.32%)
NVDA  178.88
-1.76 (-0.97%)
ORCL  198.76
-11.93 (-5.66%)
TSLA  391.09
-4.14 (-1.05%)
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 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.