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Announces Long Range Forecasting Service – ForeSight

HOUSTON, Texas, March 23, 2016 – StormGeo, a global provider of weather forecasting services and decision support for weather sensitive operations, today announced the launch of ForeSight, the newest addition to its suite of weather forecasting services. The long-range forecasting service provides 30, 90, and 180 day outlooks to be used in predictive analytics, lending insight to hedge risks and make informed decisions. Industry targets include manufacturing and supply chain, retail, finance, agriculture and energy trading.

Using complex data sets, weather models, and the expertise of in-house meteorologists, StormGeo’s ForeSight provides actionable weather insight by forecasting long-range global temperature and precipitation anomalies. The service can be accessed online via StormGeo’s customer portal and includes 24/7 live access to meteorologists as well as on-demand video updates.

According to StormGeo’s Managing Director for North America, Mark Chambers, “Weather events continue to affect the bottom line of companies globally. In an effort to allow investors to keep up with changing demands to environmental impact laws and requests for transparency, we created ForeSight to protect shareholder value by mitigating risks that impact supply chain as well as to provide an additional means of generating sustainable returns over time.”

About StormGeo

StormGeo provides decision support for weather sensitive operations with services in Offshore Oil & Gas, Onshore Business Continuity, Renewable Energy, Media, Aviation and Shipping. The company helps its clients to safeguard people, assets and profits with products and services created by a team of meteorology, oceanography, and computer science experts. StormGeo is headquartered in Bergen, Norway and operates out of 25 offices in 15 countries with teams of meteorology experts’ available 24/7/365. StormGeo is an ISO 9001:2008 certified company. Its majority shareholder is EQT followed by DNV GL.