ZEP-RE Extends Planet Contract For Drought Insurance Program In The Horn Of Africa, Paves The Way For Continued Collaboration For A 5-Year Project Ending In October 2027
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Planet Labs PBC (NYSE:PL) has extended its contract with ZEP-RE for a drought insurance program in the Horn of Africa. The collaboration, which has already supported over 2 million pastoralists, will continue for a 5-year project ending in October 2027.
May 20, 2024 | 1:04 pm
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Planet Labs PBC has extended its contract with ZEP-RE for a drought insurance program in the Horn of Africa, supporting over 2 million pastoralists. The 5-year project will continue until October 2027.
The extension of the contract with ZEP-RE for a drought insurance program in the Horn of Africa is a positive development for Planet Labs PBC. It demonstrates the effectiveness of their solutions and secures a long-term revenue stream, which is likely to have a positive impact on the stock price in the short term.
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