08:49 AM EDT, 04/22/2024 (MT Newswires) -- Satellogic ( SATL ) said Monday it signed a letter of intent with O.N.E. Amazon to advance conservation goals.

Financial terms of the preliminary deal were not disclosed.

Satellogic ( SATL ) will use its technology to power O.N.E. Amazon's project to create what it describes as an Internet of Forests, a network of sensors to monitor within the Amazon rainforest.

Satellogic ( SATL ) President Matt Tirman said the company will use its global sub-meter resolution satellite network to provide O.N.E. Amazon with imagery.