Cambridge, ON – June 9, 2011 — exactEarth Ltd., a leading provider of satellite AIS data services, today announced that it has recently booked multiple orders for exactAIStm, its global vessel tracking and monitoring system. The orders, which have been placed by government agencies in several countries including principally South Africa and Japan, are in excess of CDN $2 million over the next 12 months.
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Strong interest in new satellite AIS capability
Cambridge, ON- December 15, 2010- exactEarth presented to over 150 delegates at the International Maritime Organization's Maritime Safety Committee meeting in London, England on November 27, 2010 as part of the International Association of Marine Electronics Companies(CIRM) delegation. The address was to highlight the potential role of Satellite AIS (S-AIS) for improved safety of shipping. Peter Mabson, exactEarth's President, introduced the now-available exactAIS™ service and highlighted some of the key applications.
HISDESAT makes strategic investment in exactEarth – adds global market strength
CAMBRIDGE, ON – September 30, 2010 - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that its data services subsidiary, exactEarth Ltd. (“the Company”), has added a strategic investor that will play an important role in delivering and growing the Company’s exactAIS™ service in the marketplace. HISDESAT Servicios Estratégicos S.A., a major Madrid-based satellite operator and service provider that sells data to more than 25 government customers around the world, has taken a 27% equity interest in exactEarth with a cash investment of CDN $15 million, which represents an implied $55.5 million valuation of the exactEarth business. The cash investment will support exactEarth’s on-going business operations and the deployment of additional space and ground infrastructure.