Further Enhances Leading Real-Time Global Vessel Monitoring and Tracking Capability
CAMBRIDGE, ON, July 20, 2017 /CNW/ - exactEarth Ltd (“exactEarth”) (TSX: XCT), a leading provider of real-time Satellite AIS (“S-AIS”) data services, has entered into an agreement with FleetMon, a leading global network provider of real-time Terrestrial AIS (“T-AIS”) data. Under the terms of the agreement, exactEarth and FleetMon will combine their S-AIS and T-AIS data services, respectively, to provide the maritime market with a fully-integrated real-time AIS solution.
The addition of the FleetMon real-time T-AIS capability further enhances exactEarth’s revolutionary real-time S-AIS service, and provides the most extensive and comprehensive AIS information available. With 19 assets in orbit today, exactEarth has the largest high-performance S-AIS network in operation with more than 70 expected by the end of next year as further launches occur.
“We are pleased to enter into this partnership with FleetMon,” said Peter Mabson, exactEarth CEO. “FleetMon’s reputation in this industry as best-in-class is evident as they are trusted and used by over 350,000 users in the global maritime community. This agreement further expands the capability of our global vessel services and also means that a whole new set of customers worldwide will now have access to exactEarth’s S-AIS data and will see the value of truly real-time, continuous global coverage of maritime traffic.”
FleetMon CEO, Lars Brandstaeter stated, “This new partnership adds a new dimension to our AIS data service offering and we believe it will add tremendous value to our customers.”
FleetMon is a leading global network provider of terrestrial AIS (T-AIS) data services. Established in 2007 as a spin-off from the JAKOTA Design Group, FleetMon has pioneered real-time T-AIS and now supplies clients in 164 countries with real-time and historic vessel data enabling ship owners, charterers, and supply chain operators to track the position of their ships. Over 250 million vessel position reports per day are linked with detailed weather reports to deliver the precise vessel-tracking information FleetMon’s clients require. This data is backed by knowledgeable and responsive service support and creatively designed web services. Excellence in consulting and delivering data integration solutions enhances the company’s reputation with its clients. The partnership with exactEarth reflects FleetMon’s focus on integrated data solutions. For more information, visit www.fleetmon.com
Forward-Looking StatementsThis 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 timing of the roll-out and in-service dates of the second-generation constellation, and the future impact of the loss of the EV5 satellite. 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.