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The distribution agreement grants exclusive satellite image distribution rights to 4C Controls with respect to the countries in the Middle East and North Africa (MENA) and South East Asia. The distribution agreement also provides 4C with the right to distribute Cosmo-SkyMed products on a non-exclusive basis in substantially all other African countries. 4C Controls estimates the distribution agreement to generate revenues over US$230 million (180 million Euros).
The exclusive distribution rights will include worldwide sales of substantially all satellite images taken over the exclusive territory countries as well as substantially all worldwide e-GEOS satellite images and products which are sold within the exclusive territory countries. The distribution agreement contains preferred partner provisions to facilitate mutually beneficial joint ventures and operations with e-GEOS during the foreseeable future. 4C Controls and e-GEOS signed the ten year distribution agreement in Rome, Italy.
e-GEOS was formed to market the data and products of the Cosmo-SkyMed Earth observation programme. The first three Cosmo-SkyMed satellites are in orbit and the fourth is expected to be launched in 2010.
"This distribution agreement signals the birth of the commercialization of high resolution SAR images and is a major milestone in the execution of our business strategy to establish a global first mover leading position in the commercial distribution of high resolution satellite SAR and optical images," said Jean-Robert Martin, Chairman of 4C Controls. "By reference to my 46 years of experience in the defense and aerospace industry, I believe that SAR satellites present one of the most revolutionary developments in the commercial sector global security and surveillance industry. The satellite data market is a fast growing one and in addition to security applications, satellite data are becoming a major source of geo-spatial information for the management of natural resources, territorial planning, emergency prevention and management."
4C Controls is a U.S. company which provides high technology integrated security solutions facilitating real-time early warning and reduction of time scales from threat-detection to termination in the field.
e-GEOS aims to become a supplier in the sector of geospatial information, with an integrated range of application solutions, content and services, based on synthetic aperture radar (SAR) and very high resolution (VHR) optical data.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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