RapidEye Is Looking For A New Investor To Help Drive Further Growth
Earth Observation / Satellite Imagery / Geo-Information / Investment / Investor / Roland Berger / RapidEye

Brandenburg / Havel, Germany, September 9, 2010 – RapidEye, the only geospatial solutions provider to own and operate a constellation of five identical Earth Observation satellites, announced today that it has mandated Roland Berger Strategy Consultants to support its effort to raise additional funding for the company.

"To finance new growth and expand our business we are looking for fresh capital," says Wolfgang G. Biedermann, CEO of RapidEye AG. “We want to expand our market reach, our investment in new systems and our product development efforts more quickly to take advantage of the business opportunities which present themselves to us.”

The new funding will be used to make necessary investments into the market development, to upgrade and improve the systems to handle the additional growth and to initiate development of new geo-information products and services. In addition RapidEye also wants to intensify its preparations for the second generation of satellites.

Consulting firm Roland Berger Strategy Consultants are entrusted with carrying out the investor process. For further questions please contact

RapidEye AG: Mel Lynam, Head of Finance, lynam@rapideye.de, phone: +49 (0)3381 8904 204

Roland Berger Strategy Consultants: Oliver Räuscher, oliver.raeuscher@de.rolandberger.com, phone: +49 (0)30 39927 3549


About RapidEye AG

RapidEye is an ISO-certified geospatial information provider focused on integrating customized and industry specific solutions into the workflow of global customers in agriculture, forestry, energy, infrastructure, government, security and emergency. RapidEye experts and the technical system – a constellation of five satellites capable of downloading over 4 million km² of high resolution, multi-spectral imagery per day, and a ground segment for processing and archiving data – allow for cost-effective customized services. The unique combination of large area coverage, high spatial resolution and the possibility of daily revisit to an area provide for superior management information solutions. Currently, more than 130 experts from more than 20 countries are employed by RapidEye, with plans to grow the team to about 140 in 2010.

RapidEye benefits from a public-private partnership with the Space Agency of the German Aerospace Center (DLR). RapidEye has also received funding from the European Regional Development Fund (ERDF), the federal republic of Germany and the State of Brandenburg in Germany. For more information on ERDF please contact efreinfo@mw.brandenburg.de.

For more information about RapidEye, please visit www.rapideye.de.

RapidEye Contact

RapidEye AG
Molkenmarkt 30
14776 Brandenburg a. d. Havel, Germany
press@rapideye.de

Follow us on Twitter @rapideye_ag and be informed about all latest news and updates from RapidEye.