Investing.com -- Satellogic Inc. (NASDAQ:SATL) stock gained 4.8% Thursday after the geospatial company announced an extension of its satellite monitoring agreement with the Government of Albania.
The 11-month contract extension builds on a previously signed three-year agreement that provided Albania with dedicated satellite capacity. Under the extended agreement, Albanian government agencies will continue to receive frequent, high-resolution imagery covering the country’s entire territory.
The extension allows Albania to maintain continuous oversight rather than relying on reactive, event-driven satellite tasking. With dedicated access to Satellogic’s fleet, the country can continuously detect changes and identify anomalies across various applications including illegal construction monitoring, deforestation tracking, natural resource management, and emergency response.
"We are excited to continue our partnership with Albania as they prioritize national-scale monitoring," said Jeff Kerridge, SVP of Global Sales at Satellogic. "National governments require continuous oversight, not occasional snapshots. This extension proves that persistent monitoring is now both operationally necessary and economically viable, ensuring no critical change goes unseen."
The company’s vertically integrated NewSat constellation provides 50 cm resolution imagery, enabling persistent monitoring across Albania’s territory. This approach represents a shift toward continuous Earth intelligence coverage for entire countries rather than limited geographic areas.
Satellogic, which trades on the Nasdaq, specializes in high-resolution Earth Observation technology delivered at scale.
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