Sumitomo Corporation Sponsored ADR

ITHACA, N.Y., Aug. 20, 2025 /PRNewswire/ -- Ursa Space Systems, a leading provider of satellite-based analytic solutions, today announced a strategic investment from Sumitomo Corporation of Americas, the largest subsidiary of Sumitomo Corporation which is one of Japan's largest integrated trading and investment conglomerates. This investment marks a significant milestone in the company's expansion and strengthens its ability to serve customers across Asia, particularly in the Japanese market.

As a global leader in geospatial AI solutions, Ursa Space delivers insights derived from the world's most comprehensive virtual constellation of commercial Earth observation data. The company's next-generation geospatial platform provides rapid, scalable, and automated remote sensing solutions to decision-makers across the commercial sector.

"Partnering with Sumitomo as we expand into Japan positions us strongly for success," said Adam Maher, CEO of Ursa Space Systems. "We're thrilled by Sumitomo's investment and the trust they've placed in our vision. This partnership will enable us to bring the power of geospatial solutions to a wider audience and accelerate our mission to deliver insights at unmatched speed and scale."

"We very much appreciate this opportunity to invest in and embark on a journey with Ursa Space Systems, one of the leading geospatial intelligence companies to offer AI-enabled user- friendly solution to the Japanese market," said Randy Yoshimura, SVP & General Manager of Sumitomo Corporation of Americas' Aerospace, Defense & Technology Group.

Ursa Space's solutions are used to detect real-time changes in the physical world through multi-modal satellite imagery and data fusion, enabling customers to make confident, data-driven decisions. The company's subscription and custom monitoring services overcome traditional limitations of geography, weather, and political boundaries.

With this new round of funding, Ursa Space will grow its capabilities, expand its reach into Asia, and further enhance its platform to meet the demands of a global customer base. The revolutionary orchestration capabilities of the company's platform represent a paradigm shift from image-first to indicator-first analysis. The simple user experience breaks down a complicated process that can take weeks into one that takes minutes. It provides analysts and operators with timely, easily accessible, and relevant commercial satellite solutions. Sumitomo joins existing investors in Ursa Space, which includes Dorilton Capital and RRE Ventures, among others.

About Ursa Space Systems

Ursa Space Systems builds the software and AI agents that guide the acquisition, analysis, and integration of satellite and geospatial data into customer workflows, delivering valuable insights for commodity markets. By leveraging satellite data and advanced analytics, Ursa Space provides fast, actionable information to a range of industries, including finance and energy.

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 129 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo's business philosophy passed down for over 400 years.

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SOURCE Ursa Space Systems

NEW YORK, July 17, 2025 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA") has contributed $50,000 to the Kerr County Flood Relief Fund to support relief efforts related to the Texas flash flooding from July fourth weekend. Kerr County Flood Relief Fund is a trusted local partner and is operated through the Community Foundation of the Texas Hill Country. These funds will go directly to providing emergency services such as providing rescue, relief and recovery efforts, as well as other critical services for those impacted by these devastating floods. SCOA is also matching employee donations to disaster relief nonprofits dollar-for-dollar.

"As a company with operations, employees and partners within the state of Texas and the affected areas, we are compelled to help in this significant time of need," said Kotaro Tameda, President and CEO, Sumitomo Corporation of Americas.  "By contributing directly to Kerr County's flood relief efforts, we are equipping first responders with the vital resources they need to save lives, deliver urgent care, and support the community's path to recovery. Every dollar makes a difference in restoring hope and resilience where it's needed most."

To date, 134 people were killed across Texas Hill Country when more than 2 trillion gallons of water fell across the region between July 4 and 6. 97 people remain missing, however that number will continue to change. According to Kerr County officials, more than 1,000 local, state, federal responders and thousands of volunteers from across the country continue to search 100 miles of riverbank, working to recover loved ones for their families. 

The Sumitomo Corporation Group remains committed to achieving sustainable corporate growth while addressing key social issues, including support for disaster relief efforts. SCOA's donation reflects its commitment to fostering a culture of corporate citizenship and social responsibility, with a focus on helping vulnerable communities in times of need.

About Sumitomo Corporation of Americas

Established in 1952, Sumitomo Corporation of Americas (SCOA) is headquartered in New York City and operates nine offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading integrated trading and business investment companies. SCOA engages in a wide range of businesses, including Tubular Products, Environment and Infrastructure, Steel and Non-Ferrous Metals, Transportation and Construction Systems, Chemicals and Electronics, Media and IoT Applications, Real Estate, Mineral Resources and Energy, and Food. For more information, visit www.sumitomocorp.com.

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SOURCE Sumitomo Corporation of Americas