Russian Operations Terminated by EarthDaily Analytics

EarthDaily Analytics Corp. is terminating its Russian operations, including the closure of its local agricultural geoanalytics office in Moscow. The Company has also terminated its development-stage contract with Russian Earth Observation company TerraTech, under which the Company would have provided Earth Observation data derived from the EarthDaily Constellation following its launch in 2023. These decisions are consistent with the Company's core values and adherence to ESG principles.

"In an effort to support a better understanding and response to this issue, EarthDaily intends to produce regularly updated crop progress reports based on daily satellite and weather data. As appropriate, we will collaborate with and make this agricultural analysis available to approved humanitarian and non-governmental organizations focused on hunger prevention and food security."

Don Osborne, CEO of EarthDaily Analytics.

EarthDaily Analytics also recognizes the far-reaching global impacts the ongoing crisis will have, particularly with regards to agricultural supply chains and food security, and is in discussions with customers, as well as humanitarian and non-governmental organizations, to provide analysis to help address these issues. This analysis will also be made available to the public.

"We are shocked and saddened by recent events in Ukraine, and it is hard to comprehend the challenges our colleagues, customers, and their families and friends in the region face in the days and weeks ahead," said Don Osborne, CEO of EarthDaily Analytics. "As we work to support those directly impacted, we are also acutely aware of the profound broader impact that the Russia-Ukraine conflict will have on global agricultural markets. Wheat, corn, barley, and oilseed crops are crucial to global agricultural markets, and this conflict adds significantly to the pre-existing challenges of global food security. In an effort to support a better understanding and response to this issue, EarthDaily intends to produce regularly updated crop progress reports based on daily satellite and weather data. As appropriate, we will collaborate with and make this agricultural analysis available to approved humanitarian and non-governmental organizations focused on hunger prevention and food security."

There was no indication of any conditions under which Russian operations might be resumed.

In 2021, EDA initiated construction of the EarthDaily Constellation with committed support from Antarctica Capital. Following planned launches in 2023, the EarthDaily Constellation will combine with the EarthPipeline data processing system to provide unprecedented, scientific-grade data of the world every day, positioning EDA to meet the growing needs of diverse industries including agriculture, Environmental, Social and Governance (ESG), insurance, disaster prevention and recovery, commodities trading, and more.

(Source: EarthDaily Analytics news release)