MEXICO, 2 July 2021: SkyWatch Space Applications Inc (SkyWatch), a Waterloo-based space technology startup, recently announced it has signed an agreement to deliver data management capabilities to SpaceJLTZ.
SkyWatch’s TerraStream platform will provide hyperspectral data management, ordering, processing, and delivery services for SpaceJLTZ’s upcoming mission. The turnkey data management platform allows satellite operators to focus on developing core intellectual property while scaling a business with analysis-ready data and reduced time to market.
Founded in 2020, SpaceJLTZ a commercial satellite company headquartered in Puebla, Mexico is on a mission to democratize access to space technology to solve problems in the economic, social, and government sectors.
Recognizing that there has historically been inequity in access to the satellite data for emerging regions, SpaceJLTZ, a member of the HyperActive Consortium, is committed to using Earth observation data to improve life on Earth around the globe, starting in Mexico.
Agriculture plays a significant role in Mexico’s economy, with over 12 percent of the national workforce employed in the agriculture industry in 2020, and agricultural exports amounting to nearly USD 29 billion in 2019. While a small percentage of exports originate from large, export-oriented agri-businesses, the majority of Mexican farms are small-scale operations, struggling to access the technological advances that would allow them to compete in lucrative export markets.
Jose Luis Terreros Corrales, CEO at SpaceJLTZ said “We believe that enabling small-scale farmers with Earth observation data to practice precision agriculture and increase crop yields will improve the economic and social situations for many people in Mexico.”
“Commercial agri-business has been wonderful for the country as a whole, and has strengthened our economy and our export relationship with the US and other consumers of Mexican agriculture exports. However, it has also increased income disparity between workers in the agricultural sector, and we believe that our technology can help level the playing field,” Corrales added.
“We’re honored to partner with SpaceJLTZ,” says James Slifierz, CEO at SkyWatch. “We share the mission of democratizing access to Earth observation data. Together, we will distribute high-quality and affordable hyperspectral data into the hands of more people who need it, substantially improving life for those in Mexico and around the world. We look forward to working with SpaceJLTZ as they embark on this important work.”
Integration with SkyWatch’s EarthCache platform, which provides application developers and GIS specialists with satellite imagery at scale, allows TerraStream customers to expand their market reach and add a new revenue stream to their business from day one.
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