Spire Global Inks Pact With OroraTech For Monitoring Wildfires

Spire Global, Inc. SPIR inked a pact with OroraTech to launch and operate an eight-satellite constellation dedicated to global temperature monitoring. The financial terms were not disclosed.

Once operational, it will represent the first and largest constellation of satellites dedicated to tracking and monitoring wildfires.

The satellites will identify wildfires and enable early detection of wildfire hot spots, which are increasing rapidly due to climate change.

Also Read: Spire Global Plans To Launch Six Satellites For Weather & Aviation Solutions

Urgent data collected by the satellites will be downlinked via Spire's ground station network and delivered to OroraTech through an API.

The satellites will be launched in mid-2024.

"At Spire, we have a strong track record of demonstrating and delivering the benefits that space can bring to life on Earth, and I can't think of a more important and critical application than protecting our environment, people and property from destructive wildfires," said Frank Frulio, general manager of Space Services, Spire. 

"Our proven Space as a Service model, where Spire is responsible for satellite platform provision, launch, in-orbit operations, ground and cloud infrastructure, is an easy-to-use service that allows customers such as OroraTech to focus on their applications and end users."

Price Action: SPIR shares are trading higher by 6.53% to $0.4783 in the premarket session on the last check Wednesday.