First Derivatives inks collaboration deal with Airbus

First Derivatives has signed an agreement with Airbus Defence and Space to develop an innovative approach for large scale processing of geospatial data using its Kx analytics platform.

First Derivatives said a wide number of additional applications had been identified and the objective was to commercially exploit these by combining Kx technology and data from Airbus Defence and Space assets.

A statement said: “Under the agreement, Airbus will contribute historic and future satellite imagery which Kx technology will process, interpret and manage.

“Technical, commercial, sales and marketing resources will be provided by both parties to assist in the commercialisation of the opportunities.”

At 8:07am: (LON:FDP) First Derivatives PLC share price was +29p at 2602.5p

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