Satellite firm gets $1M state loan

Story excerpt provided by The Blade.

Written by Tyrel Linkhorn.

A Toledo-based company that uses satellite data to provide high-accuracy measurements of water and soil conditions has received a $1 million loan from the state of Ohio.

State officials say the loan will allow Blue Water Satellite Inc. to accelerate the pace of development of its image and data-analysis products.

Blue Water takes publicly available satellite data and runs it through a series of complex, proprietary algorithms that can identify the unique light spectrum reflected by different chemical compounds and organic matter.

The process allows the company to measure a host of things, including heavy metals, phosphorus, temperatures, and submerged aquatic vegetation.

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Originally published September 22, 2015.