PR90225

HELSINKI, Finland, June 23, 2021 /PRNewswire=KYODO JBN/ --

- Mr. Higashi has a more than 40-year track record of leadership in satellite

data, aerospace and business operations

ICEYE (

https://c212.net/c/link/?t=0&l=en&o=3203384-1&h=1669381269&u=https%3A%2F%2Fwww.iceye.com%2F&a=ICEYE

), the global leader in persistent monitoring of the Earth with radar satellite

imaging, announced today it has partnered with Makoto Higashi to act as the

General Manager of ICEYE's business operations in Japan. Mr. Higashi has over

40 years of experience in business operations, including previous positions as

the CEO & President of Japan Space Imaging Corporation, and GM, GEOINT, at

Hitachi Ltd. ICEYE's operations in Japan will be dedicated to services for the

Japanese government and local commercial organizations. Within the first 12

months, ICEYE plans to open an office in Tokyo and expand to an initial

10-person team serving the Japanese market.

Logo - https://mma.prnewswire.com/media/1078697/ICEYE_Logo.jpg

"What ICEYE has accomplished in satellite operations and services for its

government customers is remarkable. My intent is to continue on that path to

help provide crucial information and dedicated services with radar satellite

data to the Japanese satellite data market," said Makoto Higashi, General

Manager, ICEYE Japan. "Only those satellite data companies that have withstood

the strict requirements of government customers have prospered. ICEYE is very

well-respected in this regard worldwide. The Japanese market has an opportunity

to access remarkable aerospace capabilities with the data products ICEYE has to

offer."

The insurance organization Tokio Marine & Nichido Fire Insurance is among

ICEYE's Japan-based customer base. The organization receives ICEYE's insights

from its global flood monitoring solution to serve its insurance customers with

significantly faster claims payments after natural catastrophes.

"ICEYE's advanced technology in SAR image acquisition & near real-time data

analysis brought our long-term business goals to reality and even has potential

to transform beyond our claim service operation," said Hidenori Kobayashi,

Deputy General Manager at Tokio Marine & Nichido Fire insurance.

ICEYE Japan offices are opening in Tokyo within the next 12 months, with

initial recruitment focusing on local commercial operations. ICEYE has so far

launched 10 radar satellite missions since early 2018, including dedicated

satellites for customers. The company has gathered $152 million in financing to

date, with offices in Finland, Poland, US, UK, Spain, and Japan. For 2020,

ICEYE has reported $50 million in signed contracts for the year.

About ICEYE:

ICEYE empowers commercial and government partners with unmatched persistent

monitoring capabilities for any location on Earth. The company helps customers

make informed, data-driven decisions to address time-critical challenges in

various industries, to ensure infrastructure safety, and to protect the

environment. ICEYE's radar satellite imaging service, designed to deliver very

frequent coverage, both day and night, helps clients resolve challenges in

sectors such as maritime, disaster management, insurance, and finance. For more

information, please visit: www.iceye.com

SOURCE  ICEYE

CONTACT: press@iceye.fi