Leveraging Iridium NEXT satellite constellation and major partnership with Harris Corporation
CAMBRIDGE, ON, May 30, 2017 - exactEarth Ltd ("exactEarth" or the "Company") (TSX: XCT), a leading provider of Satellite AIS data services announces the launch of exactView™ RT powered by Harris ("exactView RT") – the world's first global, persistent real-time Satellite AIS service. This revolutionary capability is expected to enable a wide variety of new service capabilities for the global maritime community and to contribute strongly over the next 20 years to the improvement of maritime safety, commerce, navigation, environmental management, and security.
exactView RT consists of a system of more than 60 maritime satellite payloads, designed, built and operated by Harris Corporation – a world leader in satellite payload technology - which are hosted onboard the Iridium NEXT constellation of satellites. These advanced maritime payloads cover the entire maritime VHF radio band and leverage the unique cross-linked architecture of the global Iridium NEXT satellite constellation to deliver AIS and other vessel-based VHF data services from any vessel, anywhere on the globe, relaying that data securely to customers in real-time. Today the first four of these advanced real-time maritime payloads are being put into service with the completion of full system deployment expected in 2018.
Initially, the system is tracking more than 250,000 AIS-equipped vessels around the world including Class B AIS device transmissions utilizing exactTraxTM technology. With the continued growth of the highly successful global AIS system, this tracked population is expected to grow to more than one million vessels worldwide in the next decade. Real-time global AIS data unlocks huge possibilities and enables significant advances in maritime safety, security and efficiency. Advantages include the ability to provide automatic alerts when vessels veer off course; real-time route optimization can provide substantial fuel savings and emissions reductions for vessel owners and operators; logistics and port operations will run more efficiently with highly accurate location and arrival predictions; and, fishing activity can be more effectively managed and enforced. In addition, the ability of the exactView RT system to address the full maritime VHF frequency band combined with the full capabilities of the Iridium NEXT system to transmit data to anyone, anywhere opens up the potential for a wide range of future real-time vessel data services, which will further improve vessel safety, efficiency, and navigation in support of the major smart vessel and e-Navigation initiatives of the global maritime industry.
"We live in a real-time world and we're deploying a major global real-time maritime data infrastructure," said Peter Mabson, CEO of exactEarth. "exactView RT provides global, continuous coverage which literally opens up a world of new application possibilities that are limited only by our imagination. I would like thank our partners at Harris and Iridium for turning this vision into reality and look forward to working with them and a wide range of other international application partners to bring the benefits of this exciting and revolutionary new capability to the global maritime community."
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 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, visit www.exactearth.com
About Harris Corporation
Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Space and Intelligence Systems and Electronic Systems. Learn more at harris.com
Forward-Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements may include financial and other projections, as well as statements regarding exactEarth's future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, including statements regarding, among other things, the intentions of the parties, the use of any intellectual property, further investments that may be made by exactEarth and new markets that may be exploited by either party. exactEarth uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by exactEarth in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors exactEarth believes are appropriate under the relevant circumstances. However, whether actual results and developments will conform to exactEarth's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause exactEarth's actual results, historical financial statements, or future events to differ materially from those expressed or implied by the forward-looking statements contained in this news release. These factors include, without limitation: uncertainty in the global economic environment; fluctuations in currency exchange rates; delays in the purchasing decisions of exactEarth's customers; the competition exactEarth faces in its industry and/or marketplace; the further delayed launch of satellites; the reduced scope of significant existing contracts and the possibility of technical, logistical or planning issues in connection with the deployment of exactEarth's products or services.
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