Airbus and Ursa to continue partnership on use of radar satellite data
Airbus Defence and Space will continue to provide access to its radar satellite data to Ursa Space Systems (Ursa), a data fusion and analytics company. Both parties signed a new four-year contract after having started their cooperation in 2015.
Under this agreement, Ursa will analyse and fuse radar data with additional information sources to provide unbiased monitoring information to its customers in the energy and financial sectors, as well as for custom monitoring services.
Ursa’s commercial business intelligence portfolio offers global monitoring services across the oil supply chain. Their flagship product, Global Oil Storage Monitoring, delivers weekly data and analysis on 3.6 billion barrels of crude storage in over 150 locations around the world. Ursa’s customers in energy and finance use this information to make more informed trading decisions, and radar satellite data allows Ursa to deliver these services in a consistent, timely and reliable manner.
“Our collaboration has been growing since 2015. Our high quality radar satellite imagery, reliability and revisit capabilities perfectly fit Ursa’s high-demand monitoring needs” said François Lombard, Head of the Intelligence Business at Airbus Defence and Space.
“Our long-standing relationship with Airbus has played a key role in Ursa’s growth over the last few years. Their capabilities as part of our radar satellite partner network ensure we can provide the level of reliability and accuracy our commercial customers have come to expect,” said Derek Edinger, Ursa Co-founder and VP of Products and Partnerships.
Airbus is a global leader in aeronautics, space and related services. In 2017 it generated revenues of € 59 billion restated for IFRS 15 and employed a workforce of around 129,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.
Ursa Space Systems is moving the world forward by turning information-rich satellite data into decision advantage. Founded in 2014, Ursa pioneered transparency of oil data in China and has since expanded its global reach beyond oil storage and to more than 150 sites worldwide. Ursa’s geospatial intelligence portfolio sets new standards for accuracy and reliability and empowers customers with critical insights. For more information, visit www.ursaspace.com.
Source: Toulouse, AIRBUS - 29 October 2018
Photo: Airbus SAR Image-US-Gulf-Coast Crude Ursa. (Photo by AIRBUS)