exactEarth Awarded £1.1M Project from UK Space Agency for Small Vessel Tracking
Dec 22, 2016, 07:00 ET
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).
The grant award follows the successful 'South Africa Safety Initiative for Small Vessels' (OASIS) project, also part funded by the UK Space Agency, which trialed exactEarth's exactTrax service with SAMSA in 2015/2016. Small vessels in the fisheries, leisure marine and workboat sectors in South Africa typically operate without a tracking system onboard, making it difficult for the authorities to locate them if they are involved in an accident at sea. OASIS demonstrated that exactEarth's exactTrax technology provides the small vessel tracking required by the safety authorities.
Under this new project, 'OASIS Operational Take-up' (OASIS-TU), South Africa's most 'at-risk' small boat population - artisanal fishing boats under 10 metres - will be operationally equipped with exactTrax-enabled AIS transponders. Position reports (and alerts in the case of SOS situations) from these will be provided as standard AIS messages for integration into SAMSA's and the NSRI's maritime domain awareness and Search and Rescue (SaR) systems. To assist with the roll-out of the project, exactEarth will be partnering with two South African companies, Marine Data Solutions and Stone Three Venture Technology, both based in Cape Town. The expected duration of this project is 18 months.
"We are extremely pleased to have been awarded this business, which was the result of a competitive tendering process," said Peter Mabson, CEO of exactEarth. "Small boats, particularly those involved in the fishing industry, have proven difficult for authorities to monitor and being able to continue this work with South Africa speaks to the growing adoption and viability of our small vessel tracking solution."
The UK Space Agency's International Partnership Programme is a £150M multi-year program which uses space knowledge, expertise and capability to provide a sustainable, economic or societal benefit to undeveloped nations and developing economies. Grants are awarded to industrial and academic partners to run projects that address real-world problems in developing nations.
Ray Fielding, head of IPP at the UK Space Agency commented: "we are delighted to award funding for this project which will use satellite solutions to make a real difference to the safety of small vessels in South Africa."
About exactEarth Ltd.
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") and has delivered to its clients a view of maritime behaviours across all regions of the world's oceans unrestricted by terrestrial limitations. exactEarth has deployed an operational data processing supply chain involving a constellation of satellites, receiving ground stations, patented decoding algorithms and advanced "big data" processing and distribution facilities. This ground-breaking system provides a comprehensive picture of the location of AIS equipped maritime vessels throughout the world and allows exactEarth to deliver data and information services characterized by high performance, reliability, security and simplicity to large international markets. For more information, visit exactearth.com.
About the UKSA
The UK Space Agency is an executive agency of the Department for Business, Energy and Industrial Strategy (BEIS) and lies at the heart of UK efforts to exploit and benefit from investment in space technologies and satellite applications. The UK Space Agency leads on the UK civil space policy and administers the majority of space programme funding from across Government, the Research Councils and Innovate UK.
Forward-Looking Statements
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, the intentions of the parties, the use of any intellectual property, further investments that may be made by exactEarth and new markets that may be exploited by either party. 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.
SOURCE exactEarth Ltd.
For further information: Media: Nicole Schill, Marketing Communications Manager, Tel: +1 519-622-4445, [email protected]; Investors: Dave Mason, Investor Relations, Tel: +1 416-985-3647, [email protected]