MDA EarthSat Weather and EarthRisk Technologies, a pioneer in the research, analysis and visualization of extreme temperature and weather pattern risks, announced a strategic partnership. Under the partnership, MDA EarthSat Weather will distribute EarthRisk’s cutting-edge weather risk platform to help traders in natural gas, power, and agriculture sectors project extreme weather patterns up to 40 days in advance.
Powering the alliance is EarthRisk’s newly developed TempRisk 4.0 software platform. TempRisk views the atmosphere at both high and low altitudes around the globe for variables ranging from pressure patterns and jet stream position to air temperature and thunderstorm activity. Analysis of these variables against historical weather records dating back more than 60 years results in improved risk assessment for either extreme cold or heat for regions of interest. TempRisk 4.0 has incorporated a new comprehensive empirical forecast model that intelligently combines the most important signals for a specific region and forecast window, significantly improving accuracy over analog methods alone.