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ORBIMAGE Responds to NextView Contract Protest DULLES, Va., Oct. 26 /PRNewswire-FirstCall/ -- ORBIMAGE Inc. (Pink Sheets: ORBM) today announced that it has received notice from the National Geospatial-Intelligence Agency ("NGA") that a protest of ORBIMAGE's recent award for the development and launch of a satellite under NGA's NextView Second Vendor Program has been filed before the Government Accountability Office by New SI, LLC, a competing bidder under the program.NGA has directed ORBIMAGE to continue working under the contract awarded during the protest proceeding. ORBIMAGE believes that the protest is lacking in merit, and intends to provide assistance to NGA in defense of the contract award. ORBIMAGE is confident that it will prevail in retaining the project award. Should ORBIMAGE be directed to stop work on the contract it expects to recover its costs of performance of the contract to date, and, in the event the Government re-bids the award, ORBIMAGE expects to compete successfully in any such re-bid. About ORBIMAGE: ORBIMAGE is a leading global provider of Earth imagery products and services, with digital remote sensing satellites and an integrated worldwide image receiving, processing and distribution network. In addition to the high- resolution OrbView-3 satellite, ORBIMAGE operates the OrbView-2 ocean and land multispectral imaging satellite and the SeaStar Fisheries Information Service, which provides maps derived from essential oceanographic information to aid in commercial fishing. ORBIMAGE also produces value-added imagery products and advanced photogrammetric engineering services at its St. Louis facility. The company distributes its products directly to the U.S. government for national security and related mapping applications. Commercial sales are handled through a worldwide network of value-added resellers, regional distributors, sales agents, and select strategic partners. For more information about ORBIMAGE, please see our web site at http://www.orbimage.com/. Photo: http://www.newscom.com/cgi-bin/prnh/20040930/DCTH068LOGO-aAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected] ORBIMAGE Inc. CONTACT: Lisa Andrews of ORBIMAGE, +1-703-480-7502, [email protected] Web site: http://www.orbimage.com/ |