December 09, 2016 10:27 AM ET

Metals and Mining

Company Overview of Planetary Resources, Inc.

Company Overview

Planetary Resources, Inc., an asteroid mining company, engages in the exploration and utilization of resources from asteroids. The company was incorporated in 2006 and is based in Redmond, Washington.

6742 185th Avenue, NE

Redmond, WA 98052

United States

Founded in 2006

Phone:

425-336-2448

Key Executives for Planetary Resources, Inc.

Chief Executive Officer and President
Co-Founder and Co-Chairman
Co-Founder and Co-Chairman
Age: 55
Chief Operating Officer and Chief Engineer
Principal of Avionics, Power and Communications
Compensation as of Fiscal Year 2016.

Planetary Resources, Inc. Key Developments

Bayer AG and Planetary Resources Signs Memorandum of Understanding for the Development of Applications and Products Based on Satellite Images

Bayer AG and Planetary Resources have signed a memorandum of understanding for the development of applications and products based on satellite images. Bayer intends to purchase these data from Planetary Resources to create new agricultural products and improve existing ones. The collaboration will be part of the Digital Farming Initiative at Bayer. Using the combined technologies from the two companies, farmers can time their irrigation systems much better to save water, receive planting date recommendations and re-planting advice, and assess their soil's water-holding capacity. Another project is a canopy temperature scout that provides weekly practical insights and scouting support from emergence to harvest by identifying problem areas in the field. Bayer intends to provide farmers all over the world with practical decision-making aids based on the precise evaluation and combination of diverse data such as weather data or topographic maps. Using these individualized recommendations, farmers can optimize their business management and lower costs.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 3, 2016
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