Press Release 29 October 2020

Jerry Welsh New CEO of ICEYE US, Ramping Up US Manufacturing and Operations

ICEYE accelerates plans for US expansion, including hiring Eric Jensen as President of ICEYE US.

Washington, D.C. – October 29, 2020 – ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, today announced that Jerry Welsh, who joined ICEYE in 2017 as COO/CFO, will take on the CEO role for ICEYE US. Welsh, an operations and technology expert who specializes in scale-up strategy recently oversaw the completion of ICEYE’s $87 million Series C financing. He will lead a team focused on deploying capital to scale operations and serve the needs of US customers.

“2020 has been an incredible year for ICEYE,” said Welsh, CEO of ICEYE US. “I am looking forward to broadening our footprint and deepening our impact in the US. Our next steps include expanding teams on East and West coasts, creating US production facilities, and developing a US satellite operations center. We will continue to champion the revolutionary value of SAR technologies to US government and commercial markets.”

ICEYE, which has raised a total of $152 million in funding to date, has big plans for continued growth through the rest of 2020 and into 2021. The company successfully launched two radar imaging satellites last month and is on track to launch additional satellites by the end of the year. ICEYE is planning to deploy eight additional satellites in 2021, including spacecraft manufactured and launched in the United States.

“Jerry has been an incredible asset to the ICEYE team for several years and will build upon our solid foundation in the US,” said Rafal Modrzewski, CEO and co-founder of ICEYE. “We are thankful to Dr. Mark Matossian for his prior leadership in helping ICEYE accomplish our initial phase for US growth.”

The US organization is further strengthened by the addition of Eric Jensen, who departs Boeing’s satellite division as an industry leader in US government solutions. With over a decade of experience in aerospace engineering, sales, and product strategy, Jensen will focus on delivering ICEYE’s unique capabilities to US customers.

“It is an honor to be joining ICEYE at such an exciting time for the company,” said Jensen, President, ICEYE US. “ICEYE continues to demonstrate leadership in the commercial SAR segment with a growing constellation, a robust product portfolio, and validation by customers worldwide. In the US, we will build upon the trust earned among key adopters to offer imagery, ground station services, value-added analytics and dedicated spacecraft missions. I am privileged to help catalyze the company’s growth in the service of our US customer base.”

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About ICEYE
ICEYE is building and operating its own commercial constellation of radar imaging satellites, with SAR data available to global customers since 2018. With the company’s unique satellite constellation capabilities, ICEYE empowers others to make better decisions in governmental and commercial industries. The company is tackling a tremendous global need for timely and reliable information, with world-first aerospace capabilities and a New Space approach. 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

 

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Topics: Growth

ICEYE

ICEYE’s mission is to enable everyone to make better decisions based on timely & reliable Earth Observation data.

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