Cambridge, ON – June 9, 2016 – exactEarth Ltd. (TSX: XCT) (the “Company”), announces that it has been selected by Telespazio France to supply Satellite AIS services to the French Navy as part of the recently announced four-year Trimaran 2 project won by a consortium of Airbus Defense and Space and Telespazio France.
Under terms of the contract, exactEarth will provide a Satellite AIS data feed of the French economic exclusion zone, which encompasses 11 million square kilometres, to Telespazio France who will provide a viewing capability to several users in the French Navy.
“This is an important strategic win which will allow us to develop business with new long-term customers,” said Peter Mabson exactEarth CEO. “Telespazio is a key name in European satellite services and the French Navy has significant global maritime surveillance and security interests. Given exactEarth’s industry leading satellite AIS capabilities, our ability to now offer advanced analytics and with our real-time second generation satellite system coming on line next year, we see the opportunity to substantially grow the value of this business over the next four years starting from this beachhead contract.”
More information on the consortium’s agreement with the French Navy can be found here: http://bit.ly/1UaBSYw
To read the Telespazio press release,click here.
About exactEarth Ltd.
exactEarth is a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. Since its establishment in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite-AIS (“S-AIS”) and has delivered to its clients a view of maritime behaviours across all regions of the world’s oceans unrestricted by terrestrial limitations. exactEarth has deployed an operational data processing supply chain involving a constellation of satellites, receiving ground stations, patented decoding algorithms and advanced “big data” processing and distribution facilities. This ground-breaking system provides a comprehensive picture of the location of AIS equipped maritime vessels throughout the world and allows exactEarth to deliver data and information services characterized by high performance, reliability, security and simplicity to large international markets. For more information, visitexactearth.com.