Clients of new solution will get access to unrivalled detection rate of vessels in high density locations such as South China Sea and Gulf of Mexico
CAMBRIDGE, ON, June 20, 2018 /CNW/ - exactEarth Ltd. ("the Company"), a leading provider of Satellite AIS ("S-AIS") data services, and IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced an alliance agreement that will provide a new combined tracking service, AIS Platinum, offering unprecedented frequency and coverage of vessel movements worldwide.
The AIS Platinum solution will provide an exceptionally fast flow of real-time intelligence to assist organizations that require the most time-critical intelligence. The solution has been developed with exactEarth's global, persistent real-time Satellite AIS service, exactView™ RT powered by Harris, which will consist of a system of more than 60 maritime satellite payloads.
exactEarth's satellite coverage is coupled with more than 2,000 IHS Markit terrestrial AIS stations that will provide further geographical coverage in high-density areas along coastal locations and busy port locations around the world. Additional global trade intelligence from IHS Markit will provide insights on commodity movements, along with ship information, including details on the owner, the operator and technical manager, among other information, that will give customers a clearer picture of the operating and commercial structure of the movement of goods.
"This unique partnership between two industry leaders in the vessel tracking sector will deliver major benefits to our customers in the commodity, finance, security and government sectors," said Stuart Strachan, senior vice president for maritime & trade at IHS Markit. "The combination of our capabilities means customers of AIS Platinum will experience significant enhancements to what is available today from combined terrestrial / Satellite AIS services in terms of coverage, frequency and latency. No other vendor in the market will be able to offer a combined AIS service of this quality and speed."
Peter Mabson, CEO at exactEarth, said: "When measured by vessel detection, update rates, reliability and expected longevity, exactView RT is the premium high-performance service in the Satellite AIS industry. We are extremely pleased to be partnering with IHS Markit to expand our market footprint and to provide such improvements to the customer experience.
"High density areas in the Gulf of Mexico and South China Sea have always been difficult for detection rates, due to the volume of vessels in close proximity," Mabson said. "Moving forward, with the combined coverage of both terrestrial and exactView RT satellite AIS services, customers will see far greater detection rates than any other service on the market."
Who is the service for? AIS Platinum has been created for customers requiring real-time vessel position information and intelligence, including, but not limited to, the following:
Quant Analysts: Vessel position information within computer algorithms and programs enables the identification of, and capitalization on, available trading opportunities. Historical data can also assist with identifying profit opportunities.
Commodity Traders: As commodity markets move and change throughout the world, verified intelligence on commodity shipment activities helps commodity traders stay ahead of markets and capitalize on trading opportunities.
Compliance Officers: Information can help reveal whether a company is conducting its business in full compliance with all national and international laws and regulations that pertain to the financial sector, ensuring that business operations are not conducted with sanctioned countries, companies, or individuals.
Defence Intelligence Analysts: Information can give visibility within a maritime domain to understand the potential risks that vessels may pose. Analysts can use the information to understand anything associated with the maritime domain that could impact the security and safety of a country.
Customs & Border Agents: Help agents evaluate the impact of illegal importing and exporting of commodities through seaborne activity. Track and trace irregular behaviour that could indicate drug trafficking, illegal arms importation and illegal, unreported and unregulated fishing.
About IHS Markit (www.ihsmarkit.com) IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world's leading financial institutions.
About exactEarth Ltd (www.exactEarth.com) 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 ("S-AIS"). This service provides a comprehensive view of the location of AIS-equipped maritime vessels throughout the world, as well as other vital vessel characteristics. Under its alliance with Harris Corporation, exactEarth has launched exactView RT, which is the world's first S-AIS service designed to deliver real-time continuous global coverage of all maritime vessels. This ground-breaking system will allow exactEarth to deliver real-time data and information services characterized by rapid performance, reliability, security and simplicity to large international markets.
exactEarth Forward-Looking Statement 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, expectations of the AIS Platinum offering relative to competitors, the benefits that customers will receive from the AIS Platinum solution, the functionality and performance of the AIS Platinum solution, the anticipated improvements in the AIS Platinum solution with respect to other solutions currently offered in the market and the potential buyers of the AIS Platinum solution. 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 the impact of AIS Platinum solution on the market, the potential customer base for the AIS Platinum solution 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 of services.
SOURCE exactEarth Ltd.
For further information: INVESTORS: Dave Mason, Investor Relations, Tel: +1 416-247-9652, [email protected]