Maxar Acquires AI and Software Engineering Company Wovenware to Build Machine Learning and 3D Data Generation Capabilities

WESTMINSTER, Colorado–()–Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a provider of complete spatial solutions and secure and accurate geospatial intelligence, today announced that it has completed the acquisition of an AI development company and software Dishes. This acquisition adds significantly to Maxar’s capabilities and talent in software engineering and AI.

Founded in Puerto Rico in 2003, Wovenware has approximately 150 employees specializing in software development, service design, artificial intelligence and geospatial production. The company will become one of Maxar’s centers of excellence in software development and AI/machine learning (ML), with its software delivery experts working closely with other Maxar teams to develop new solutions for customers.

“In today’s fast-paced world, our customers are always looking for ways to access our industry-leading products faster and more efficiently. AI and machine learning are key to accelerating growth,” said Dan Jablonsky, President and CEO of Maxar. “Wovenware’s incredibly talented team of software engineers complements Maxar’s product development and delivery talent. Our teams have a proven track record of working together to deliver customer solutions, and we look forward to working even more closely together to grow and expand our installed base.

Since 2017, Wovenware has worked closely with Maxar on numerous customer delivery and internal software engineering initiatives, including Maxar’s global imagery basemaps, Precision3D applications and more.

Specifically, Wovenware’s AI/ML and data generation talents have supported Maxar projects from user interface design to full delivery, producing new 3D terrain analysis tools, thousands of ML training datasets and dozens of automated object detection models. Wovenware co-founders Christian González and Carlos Meléndez will continue to oversee the company’s day-to-day operations.

“Wovenware is thrilled to join the Maxar team. Having worked together for five years, we have seen the synergies between our companies and the shared commitment to technological innovation and customer and employee success,” said Christian González, co-founder of Wovenware.

“Becoming one of Maxar’s AI/ML and Software Development Centers of Excellence allows us to accelerate our commitment to expanding our employee footprint and bringing the most exciting innovation and technology projects in Puerto Rico,” added Carlos Meléndez, co-founder of Wovenware.

Wovenware will operate as a wholly owned subsidiary of Maxar, which will continue to invest in Wovenware’s growth in Puerto Rico. Maxar will provide additional resources to help the company tap into the island’s top engineering talent as well as support its efforts to bring more talent from the mainland and elsewhere to the island.

About Maxar

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of complete spatial solutions and secure and accurate geospatial intelligence. We deliver disruptive value to governments and commercial customers to help them monitor, understand and navigate our changing planet; provide global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unparalleled speed, scale and cost-effectiveness. Maxar’s 4,400 team members in more than 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and the Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.

About Woven Tableware

As a design-driven software company, Dishes provides custom, patented AI, computer vision, and other digital transformation solutions and services that create measurable value for customers. With its proximity capabilities, the company has become the partner of choice for organizations that need to redesign their systems and processes to increase profitability, improve user experience and seize new market opportunities. Wovenware leverages a multidisciplinary team of experienced designers, software engineers, data scientists, and world-class data scientists to create solutions for cloud transformation, advanced AI innovation, and application modernization. Based in Puerto Rico, Wovenware partners with customers in North America and around the world. To learn more about Wovenware, visit www.wovenware.com.

Forward-looking statements

This press release may contain forward-looking statements that reflect management’s current expectations, assumptions and estimates regarding future performance and economic conditions. These forward-looking statements are made on the basis of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statement is subject to and uncertainties that could cause actual results and future trends to differ materially from those expressed or implied by such forward-looking statements, including those included in the Company’s filings with U.S. and Canadian regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as may be required under securities laws. applicable.

Gordon K. Morehouse