Will Marshall: You mean for tonnage (ph), I presume.
Chris Quilty: Yes.
Will Marshall: Do you mean for the hyperspectral mission? Yeah, I think it was a limited cohort. Maybe that’s one or two that were added, but we have — they have been progressing, use cases and showing early demand there are real deals there and, yeah, so we feel good about that program as well and it’s great that we’ve, we had this JPL instrument in the lab and integrated into the spacecraft, it’s very exciting to see the developments downstairs as well. So, yeah, feeling good about that program as well.
Chris Quilty: And did you provide expected CapEx on that program and over what timeframe and looking for first launch?
Ashley Fieglein Johnson: So that program is categorized as an R&D program because it’s the first time we’ve launched a hyperspectral satellite and that has been in partnership with the team of our Carbon Mapper and NASA JPL, and we have funds that we’ve received for that program and those get recognized not as revenue, but is actually an offset to that Contra R&D, so you don’t really see that show up as CapEx on our balance sheet. And as a company that does agile aerospace, we are very different in that respect from what you might see from others, where you see a lot more CIP sitting on the balance sheet for a program like this. In terms of the overall size of that fleet in that program and the timing, we haven’t given a lot of specifics because we are still in the R&D phase as we get closer to the launch of that fleet, we’ll share more details.
Will Marshall: If I could just add one more thing, just like the Carbon Planetary Variable I mentioned earlier, there is interest on both the regulatory side as well as the users that would use it to stop and get ahead of regulation to the commercial side, if you like. And on that point, we’ve made a couple of announcements at COP, the meeting is ongoing right now in Dubai relating to this because as we get better measure of all of these emissions and we are getting indirectly right now and helping this organization climate trace, which tracks over 350 million facilities globally, renewable energy facilities, emitters with our visual data, this will then add to that, to be able to have more quantified emission amounts of data, which is all feeds into, if you like, the transparency and accountability.
And as we transition to a sustainable economy, it’s a massive transition, many, many tens of trillion dollars as we transition to a sustainable economy, but there’s no way that it is going to be possible without the careful measurement as we’ve discussed before, whether that’s the Forest Carbon piece or the emission piece that we just talked about here. So we really care about it from a pure sustainability point of view, it fits our mission, but there is a massive market opportunity as well and so we’re going after that.
Chris Quilty: Great. And final question, just you talked about the latency with the RF crosslinks on the Pelican, I think that was announced C-band, SES, but you also had an announcement with Telesat and KA, can you just give any color on how that’s proceeding and do you need any specific FCC licenses to operate those crosslinks.
Will Marshall: Yeah. We are pursuing two programs there, one with ViaSat, one with Telesat. They’re both supported by NASA — NASA CSP program that helps fund that R&D. They are both proceeding according to plan as far as I’m aware. I think they’re more into KA band than the C-Band, but I may stand corrected there, I don’t know, we can check for you and confirm the details.
Chris Quilty: Great. Thanks so much, guys.
Ashley Fieglein Johnson: Thank you.
Operator: Thank you all for your questions. There are no questions waiting at this time, so I’ll turn the conference over to Will Marshall, CEO for closing remarks.
Will Marshall: Well, look, overall, I feel like we had solid growth in both our civil and defense markets as we’ve been talking to. We’re very focused as a team on the go-to-market execution to close the opportunities in front of us to close faster and make customers successful to land and expand. We feel good about the multiple product milestones we mentioned, including the 37 satellites, the Pelican we’ve be speaking a fair bit about, Forest Carbon, and getting low-touch access to Planet’s data via the Sentinel Hub system, the new platform that we acquired from Sinergise over the summer. We also doing all of this, while keeping a disciplined spending on our path to adjusted EBITDA profitability by Q4 of next year. Overall, I would say our conviction remains high in the opportunity in front of us and so with that we will look forward to seeing you next time.
Operator: That will conclude today’s conference.
