exactEarth announces successful launch of satellite

CAMBRIDGE, ON, April 20 /CNW/ - exactEarth Ltd., a leading provider of satellite AIS data services, announced that a satellite containing its Automatic Identification System (AIS) payload was successfully launched earlier this morning from Sriharikota, India.  The AIS payload, which was designed and built by COM DEV International in Cambridge, Ontario, Canada, and its European subsidiary COM DEV Europe, is integrated onto the Indian Space Research Organisation's (ISRO) ResourceSat-2 earth observation satellite.

"Today's launch is an important milestone for us as we establish our full operational capability," said Peter Mabson, President of exactEarth.  "This is the most advanced satellite-based AIS payload ever launched.  We expect it to generate more than 1 million AIS messages per day, utilizing our ground-based message processing technology, as it orbits the globe every 90 minutes."

exactEarth is targeting June 1 for the AIS payload to enter service, following an anticipated six-week commissioning period for the satellite.  The Company plans to deploy three additional high performance AIS satellites later this year as it continues to build out its constellation.

About exactEarth Ltd.

Based in Cambridge, ON, exactEarth Ltd. is a data services company that leverages advanced microsatellite technology to deliver monitoring solutions characterized by high performance, reliability, security, and simplicity. exactEarth's service, exactAIS™, is a global vessel tracking and monitoring system based on world leading space-based advanced AIS detection technology.  exactEarth is jointly owned by COM DEV International Ltd (TSX: CDV) and HISDESAT Servicios Estratégicos S.A.  For more information, visit our new website at www.exactearth.com

This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. COM DEV International ("the Company") cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company. The exactEarth logos and the words exactEarth and exactAIS are trademarks and the property of exactEarth Ltd. The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.

 

SOURCE Com Dev International Ltd.

For further information:

Gary Calhoun
Chief Financial Officer
COM DEV International Ltd.
Tel: +1 519-622-2300 ext. 2826 
gary.calhoun@comdev.ca
Peter Mabson
President, exactEarth Ltd.
Tel: +1 519-622-4445 ext.5870 
peter.mabson@exactEarth.com
Jeff Codispodi
The Equicom Group
Tel: +1 416-815-0700 ext. 261 
jcodispodi@equicomgroup.com

 


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