|By PR Newswire||
|August 15, 2014 04:58 PM EDT||
OGDEN, Utah, Aug. 15, 2014 /PRNewswire/ -- Tempus Global Data, Inc. today announced that it has successfully entered into an agreement with Logistic Specialties, Inc. (LSI) to sell weather data to the United States Government. Financial terms of the agreement were not disclosed.
The agreement has been signed by Alan Hall, Chairman and CEO of Tempus Global Data, and Sean Slatter, CEO of LSI, headquartered in Layton, Utah.
According to Hall, Tempus has identified U.S. Government agencies as the primary customer for the first round of data that will come from a constellation of sensors flying in GEO orbit and using hyperspectral sounding to create unparalleled images of the atmosphere.
Hall said, "We expect to sell weather data to a wide range of government and commercial clients including airlines, energy companies and insurance underwriters. Our technology has very broad reach. But the original sensors were built in cooperation with the U.S. Government and they will be our primary customer as we begin operations."
Hall believes there is "increasing and urgent demand" for an upgrade in weather technology in government circles and a "clear trend toward outsourcing orbital assets to the private sector. We've built our model around that expectation," Hall said.
"We selected LSI as a partner for three reasons," Hall said. "First, LSI has 42 years experience building and retaining relationships with government agencies and closing contracts for their client base. Second, they have a skilled team in place to move quickly into a wide variety of agencies including the military and NOAA. Third, they are located near our headquarters, adjacent to Hill Air Force Base in Utah. This helps create management efficiencies and partner integration. We think LSI is the perfect partner to help us secure early contracts and to accelerate development of the data and visualization tools that will come from the implementation of our technology."
According to Hall the Tempus technology is based on the Utah State University-built Sounding & Tracking Observatory for Regional Meteorology instrument (STORM) under an exclusive agreement. It leverages the GIFTS sensor built for NASA by USU and will be flown, primarily, as a hosted payload aboard commercial telecommunications satellites.
Sean Slatter is the CEO of LSI and issued this statement. "We are pleased to be selected as a business partner by Tempus Global Data. We have watched with great interest the development of this next generation of weather data gathering and forecasting. Many of the government agencies we work with every day have expressed concern that the U.S. weather technology on orbit is aging and rapidly becoming obsolete. Inside the government there is great demand for the clarity that comes from a persistent sensor flying at GEO orbit. The Tempus approach is dynamic and long overdue."
LSI is a 42-year old company with headquarters in Layton, Utah and with offices in 48 U.S. locations and 6 countries. Teams are made up of former U.S. military and intelligence veterans who understand the policies and processes of doing business with government agencies. By acting as an extension of a business or contractor, LSI offers insights and expertise in every element of the business development lifecycle. LSI is the largest business of its type and last year help close in excess of $290 billion.
About Tempus Global Data
Tempus is a data company, headquartered in Ogden, Utah, that provides highly complex views of the atmosphere in three dimensions. This results in unprecedented accuracy and clarity with algorithms that combine in-depth views of water vapor, temperature and wind velocity. For more information, visit tempusglobaldata.com.
Executive Vice President Corporate Communications
Tempus Global Data, Inc.
SOURCE Tempus Global Data, Inc.
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