US Air Force Awards $19.3M Contract To Pine Technology Acquisition Corp Merger Partner Tomorrow.io For Spaceborne Weather Data
Tomorrow.io, developer of a leading platform for global weather and climate security, has been awarded a $19.3 million contract from the U.S. Air Force (USAF) to develop a constellation of weather satellites that will provide the USAF with three-dimensional global weather and ocean data.
"Global environmental data is essential to effective mission planning and execution of air and ground operations," said John Dreher, materiel leader, Weather Systems Branch. "This satellite constellation partnership with Tomorrow.io will give Air Force weather operators a vastly improved awareness of current and forecasted weather conditions."
The contract was awarded as part of the AFVentures Strategic Funding Increase (STRATFI) pilot program, which focuses on securing large-scale, strategic capabilities for the Department of Defence.
Tomorrow.io's constellation is expected to launch in late 2022.
Tomorrow.io previously announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp. ("Pine Technology") (NASDAQ:PTOC, PTOCW, PTOCU))). Upon closing, Tomorrow.io's common stock and warrants are expected to trade on Nasdaq under the new ticker symbols "TMW" and "TMWW".