Geospatial imagery specialist Spookfish Limited (ASX: SFI) has achieved a major with the granting of US Federal Aviation Agency (FAA) approval for the Spookfish Supplemental Type Certificate (STC) for the company’s latest generation camera system.
This approval allows Spookfish’s North American partner, EagleView Technologies Inc. to commence commercial operations in North America using its existing Spookfish Camera system and new systems currently being manufactured by Spookfish to satisfy EagleView’s recent large scale purchase order and due for delivery from later this year.
Spookfish Chairman, Jason Marinko, said this important milestone will allow royalty revenues to commence flowing to Spookfish via its License agreement with EagleView in North America.
“Achieving FAA approval for such a complex project executed in such a short timeframe is an enormous endorsement of the capabilities of Spookfish to build a global business and take advantage of the significant opportunities available for our technology,” Mr Marinko said.
“Beginning commercial operations in North America is a major milestone and will immediately unlock a range of opportunities only accessible to Spookfish because of our unique partnership with North American Market leader, EagleView.”
The approval was sought and granted under the Australian–‐US Bilateral Aviation Safety Agreement, with the FAA accepting the CASA (Civil Aviation Safety Authority) STC as the basis for approving the FAA STC.
Spookfish also to announced it had received a further extension to the scope of the CASA approved STC for the latest generation Spookfish Camera system to now include additional aircraft models and other capability enhancements.
This allows access to a significantly larger worldwide aircraft pool, which will improve the ability for both Spookfish and EagleView to manage large aircraft fleets.
Importantly, these additional aircraft models include turbo-charged variants capable of operations at higher altitudes.
Mr Marinko said this will materially increase productivity and lowers capture costs.
These latest CASA approvals will now flow into the FAA Amendment process.
