CAMBRIDGE, ON, April 6, 2017 /CNW/ - exactEarth Ltd. (the “Company”) (TSX: XCT), a leading provider of Satellite AIS data services, announces an update on recent developments with its EV5 satellite. On February 3, 2017, communication was lost with the satellite and subsequent efforts to make contact were not successful. As a result, the Company filed a claim for the full insured value of the satellite, amounting to $3.5 million CAD, which has now been approved and paid to the Company.
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CAMBRIDGE, ON, Jan 16, 2017 /CNW/ - exactEarth Ltd. (TSX: XCT), the leading provider of Satellite AIS data services, announced the successful launch of four hosted payloads for its next generation constellation, exactView™ RT powered by Harris. Launched aboard an Iridium NEXT satellite on SpaceX’s Falcon 9 rocket from Vandenberg Air Force Base in California, these hosted maritime payloads are now being commissioned and are expected to be brought into service within the next four months. The exactView RT system is the result of the agreement signed with Harris Corporation in June 2015 under which Harris deploys and operates the hosted payloads and exactEarth performs the ground-based data processing and has exclusive distribution rights for the data for all markets except the US Government.
HARWELL, OXON, Dec. 22, 2016 /CNW/ - exactEarth Europe Limited, a UK subsidiary of exactEarth Ltd (TSX: XCT), the leading provider of Satellite AIS data services, has been awarded a £1.1 million grant from the UK Space Agency (UKSA) under its 'International Partnerships Programme' (IPP). The IPP funding will support the operational deployment of exactEarth's Satellite AIS-based small vessel tracking technology "exactTrax" to improve safety of life at sea (SOLAS) for South Africa's small boat owners and operators – in particular the artisanal fishing sector. As such exactEarth Europe will be working closely on the project with the 'South African Maritime Safety Authority' (SAMSA) and South Africa's 'National Sea Rescue Institute' (NSRI).
CAMBRIDGE, ON, Dec 21, 2016 - exactEarth Ltd. (TSX: XCT), announces that it has signed a contract with Antrix Corporation Ltd., the commercial arm of the Indian Space Research Organization, to provide Satellite-AIS data services to the Indian Navy. The three-year subscription revenue contract is valued at USD $1.75 million in total.
CAMBRIDGE, ON, Nov 2, 2016 - exactEarth Ltd. (TSX: XCT), the leading provider of Satellite AIS data services, announces that it has been awarded a four-year $2.7 million (including taxes) contract by MacDonald, Dettwiler and Associates Ltd. (MDA) to provide AIS data processing services for the Canadian Department of National Defence’s (DND) Polar Epsilon 2 (PE2) project. The PE2 project is a national initiative that will combine radar and AIS data from the RADARSAT Constellation Mission to provide enhanced maritime domain awareness that will identify, detect and track vessels in Canada’s maritime approaches and support Canadian Armed Forces at home and abroad.