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HawkEye 360 Expands Management Team to Accelerate Commercial Development of Space-Based Radio Frequency Mapping and Analytics Technology
[April 13, 2016]

HawkEye 360 Expands Management Team to Accelerate Commercial Development of Space-Based Radio Frequency Mapping and Analytics Technology

HawkEye 360, Inc. today announced the addition of two executives to the leadership team as the technology company accelerates development of its space-based radio-frequency (RF) mapping and analytics system for use by commercial enterprises and governments.

Russ Matijevich is spearheading business and product development initiatives as HawkEye's Vice President of Sales, while Rob Rainhart is joining as Vice President of Engineering. Both executives bring decades of experience working in the space, satellite and aeronautics industries for U.S. federal government and commercial entities, including the U.S. Air Force.

"The leadership team at HawkEye 360 is committed to expanding the capabilities and applications of small satellite technology, and Russ and Rob's extensive technical and management expertise are the perfect complement to our robust group," said John Serafini, Chief Executive Officer of HawkEye 360 and a Senior Vice President at its parent company, Allied Minds (LSE: ALM).

HawkEye 360 is developing a new technology solution that uses constellations of small satellites in low Earth orbit (LEO) to make it easier for governments and enterprises to monitor global transportation networks across air, land and sea, and assist with emergencies with greater precision and efficacy.

As Vice President of Sales, Matijevich will help HawkEye 360 develop and manage relationships with commercial, government and international clientele. Matijevich is a retired U.S. Air Force Lieutenant Colonel with more than 25 years of space, satellite and aeronautics experience at the tactical, operational and strategic levels. During his military career, he led space support teams on worldwide deployments, integrating space-based solutions into tactical environments, and managed sophisticated, high-budget aerospace technology programs. Since his retirement from active duty in 2011, Matijevich has served in key business development positions with SAIC (News - Alert) and Northrop Grumman, and ran his own consulting firm focused on aerospace and satellite technology market analysis.

"In the last few years, small satellite technology has become more mainstream and useful. Projects that previously required large, custom satellites that took a decade to build can now be done with small satellites, improving performance, responsiveness, utility and turnaround times while also reducing costs," said Matijevich. "By taking data and turning it into information, HawkEye 360 will give clients products with the analytics and knowledge they need to make critical decisions. We are pushing the accepted bounds of processing power, functionality and capability in small satellites and I'm excited to join the team."

As Vice President of Engineering, Raihart brings more than a decade of technical management and leadership experience, as well as sound satellite system expertise, to the HawkEye team. With extensive experience managing complex research and development projects, Rainhart's technical background is broad and ranges from signal processing systems to virtualized frameworks and system architecture development. He will lead the HawkEye technical team in designing and developing new capabilities, and will oversee all technology roadmaps and data product lines.

"The capabilities of small satellite technology are continuously evolving, allowing for more complex missions and data processing," said Rainhart. "I am energized by how the industry is developing, and HawkEye's approach to unique solutions in particular. We have the opportunity to change how the world conducts business by working with a constellation of small satellites to provide new forms of information while improving consistency and resiliency to data processing."

Technology improvements in the commercial space sector have enabled the use of smaller satellites, allowing for increased availability and affordability of commercial solutions. The challenge has been figuring out how to use the influx of new data. By combining incoming RF data with commercial satellite imagery and open-source data, HawkEye 360 will be able to generate detailed, customized analytics for a wide variety of customers. The data-processing technology was originally developed by Dr. Charles Clancy and Dr. Bob McGwier at Virginia Tech's Hume Center for National Security and Technology. Drs. Clancy and McGwier co-founded HawkEye 360 along with Chief Operating Officer Chris DeMay.


More information about HawkEye 360 can be found at www.he360.com.

About HawkEye 360

HawkEye 360 is developing a constellation of small satellites in low Earth orbit (LEO) to generate reports on wireless signals that can be used to track and monitor global transportation networks, assist with emergencies, as well as other data analytics services. The company seeks to provide highly accurate maritime situational awareness, collecting information about vessels to create a wealth of current and historical data useful for commercial planning and monitoring, as well as emergency response. Similar data will be available for airborne and land-based transportation and logistics industries. HawkEye 360's data processing technology was originally developed at Virginia Tech's Hume Center for National Security and Technology. More information about the company can be found at www.he360.com.

About Allied Minds

Allied Minds is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company's future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company's regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.


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