Austria’s Blackshark to Draw Dynamic Map of Saudi Arabia’s Space Industry

Michael Putz, co-founder and CEO of the global Austrian company Blackshark. (Photo by: Yazid Al-Samrani)
Michael Putz, co-founder and CEO of the global Austrian company Blackshark. (Photo by: Yazid Al-Samrani)
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Austria’s Blackshark to Draw Dynamic Map of Saudi Arabia’s Space Industry

Michael Putz, co-founder and CEO of the global Austrian company Blackshark. (Photo by: Yazid Al-Samrani)
Michael Putz, co-founder and CEO of the global Austrian company Blackshark. (Photo by: Yazid Al-Samrani)

Co-founder and CEO of the international Austrian company Blackshark Michael Putz said the company has contributed to maximizing the space industry and strengthening the space economy in Saudi Arabia, by drawing a complete dynamic map of the Kingdom on an area estimated at more than one million square kilometers.

Speaking to Asharq Al-Awsat, Putz said the programs proposed by Prince Mohammed bin Salman, Crown Prince and Prime Minister, in Vision 2030 constituted an incentive for his company to explore cooperation opportunities in the field of the space industry.

He explained that the programs of the Saudi vision, which aim to position the Kingdom as a leading global player in the advanced space economy, were a major stimulator for international companies.

Putz noted that Blackshark was ready to provide its services to support the portal that is dedicated for international companies looking for projects in the space sector in the Kingdom, and to facilitate the identification of the appropriate opportunities through the Saudi Technical Development and Investment Company Taqnia, owned by the Saudi Public Investment Fund.

“In just 90 days of completion, we supported the Saudi Taqnia company, by building a solution to draw a dynamic map of the entire Kingdom, on an area estimated at more than one million square kilometers, in a few hours,” he said.

“This first achievement in the world became possible, thanks to the technological solution we provide, which enabled Taqnia to create its own artificial intelligence models, with the support of young Saudi GIS engineers,” he added.

The achievement ensures that intellectual property in the Kingdom remains on the safe list, generates local jobs, and positions Saudi Arabia as a leading center for dynamic space mapping, he stressed.

Putz stated that the company is developing programs that allow drawing dynamic maps of the Earth’s surface, indicating that Blackshark’s directions coincide with the Vision 2030 strategy regarding the space industry.

“Our journey began with video games, and in 2016, Microsoft contacted us to help create the new Microsoft Flight Simulator,” he remarked.

Putz pointed out that the success of Microsoft Flight Simulator presented a great opportunity to market the technology in industries far beyond the traditional gaming sphere.



Xiaomi Raises EV Sales Target, Plans New Overseas Stores as Q4 Revenue Jumps

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
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Xiaomi Raises EV Sales Target, Plans New Overseas Stores as Q4 Revenue Jumps

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)

China's Xiaomi on Tuesday reported an almost 50% jump in fourth-quarter revenue, beating analyst estimates, and raised its target for electric vehicle deliveries this year to 350,000 from 300,000.

The world's third-largest smartphone maker, whose product lines extend to home appliances and cars, also said it planned to expand its store network across China this year and open 10,000 new Mi Home stores overseas in the next five years.

The company reported a 48.8% rise in fourth-quarter revenue to 109 billion yuan ($15.1 billion), beating the 103.94 billion yuan average of 17 analyst estimates compiled by LSEG. Adjusted net profit jumped 69.4% year-on-year to 8.32 billion yuan, ahead of the average estimate of 6.399 billion yuan, Reuters reported.

Xiaomi president Lu Weibing said on an earnings call that he saw great potential for the company's products - from phones and tablets to cars - in overseas markets, though he added the complexity of expanding abroad was "quite high". Lu said the company aimed to start shipping cars overseas in 2027. Xiaomi's Hong Kong-listed shares closed up 3.3% before the earnings release. The stock has surged 284% over the past 12 months amid investor enthusiasm for its EV plans.

Xiaomi began manufacturing EVs last year with the launch of the SU7 sedan after selling smartphones, household appliances and smart gadgets for most of its 15-year history.

It reported 32.1 billion yuan in revenue for its EV business in 2024, delivering more than 135,000 SU7 sedans. The adjusted net loss related to its EV and other new initiatives reached 6.2 billion yuan.

Xiaomi's fourth-quarter global smartphone shipments rose 5% from a year earlier to 42.7 million handsets, ranking it third globally, with a market share of 13%, data from researcher Canalys showed.

In China, its largest market, shipments surged 29% to 12.2 million handsets over the same period, ranking it fourth, with a market share of 16%, according to the Canalys data.

Lu said Xiaomi aimed to ship 180 million smartphones this year, versus

in 2024, adding the company would invest up to 8 billion yuan, about a quarter of its total research and development budget this year, in AI-related initiatives.