Second-generation constellation, exactView RT, now operating 58 satellite payloads
exactView RT is the first and only real-time global Satellite-AIS service on the market
CAMBRIDGE, ON, Feb. 14, 2019 /CNW/ - exactEarth Ltd. ("the Company"), a leading provider of Satellite AIS ("S-AIS") data services, announces that the final six payloads for its second-generation constellation, exactView RT, are now operational, which completes the roll-out of world's first global, real-time Satellite-AIS service. This revolutionary capability is expected to enable a wide variety of new service capabilities for the global maritime community and to contribute strongly over the next 15 years or more to the improvement of maritime safety, commerce, navigation, environmental management, and security.
exactView RT consists of 58 operational payloads and seven orbital spares that were designed and built by Harris Corporation ("Harris") and that are hosted onboard the Iridium NEXT constellation of satellites, which is owned and operated by Iridium Communications Inc. ("Iridium"). The Iridium NEXT satellites were deployed over a series of eight successful launches completed in under two years and are the result of Iridium's approximately $3 billion investment to replace its original satellite system.
exactView RT's advanced maritime payloads cover the entire maritime VHF radio band and leverage the unique cross-linked architecture of the Iridium NEXT satellite constellation to deliver AIS and other vessel-based VHF data services from any vessel, anywhere on the globe, relaying that data securely to customers in real-time. exactView RT tracks a population of more than 500,000 unique vessels worldwide and generates Average Global Revisit rates and Average Latency rates of less than one minute.
"On behalf of exactEarth, I want to congratulate the teams at Iridium and Harris for their remarkable execution and overall achievement in such a short period of time," said Peter Mabson, CEO of exactEarth. "Iridium NEXT is without question among the world's most technologically sophisticated constellations and we are thrilled that exactView RT will be part of this advanced, reliable and flexible platform for the next 15 years or more."
Mr. Mabson continued: "With its key performance capabilities of real-time data delivery, superior vessel detection, rapid update rate, longevity and continuous improvement, we believe that exactView RT provides us with a measurable and sustainable competitive advantage. We think this type of high-end service will be ideal for both commercial and government customers concerned with issues such as homeland security, search and rescue, intelligent weather routing, commodity tracking, and down the road, 'Smartships' and eNavigation. As exactView RT makes its way into the market with the ability to provide reliable accurate pin-point vessel data instantly from anywhere in the world at any time of the day, we believe the market interest and demand will continue to grow."
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.
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, our ability to continue as a going concern, objectives or economic performance, or the assumptions underlying any of the foregoing, including statements regarding, among other things, expectations of our exactView RT offering relative to competitors, timing of the achievement of real-time global vessel tracking via our second-generation constellation, timing expectations with respect to launch of satellites, expectations of the exactView RT capabilities driving growth, growth opportunities for the Company in the maritime information services market, the outcome of the election of directors and the outcome of a strategic review process. 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: INVESTORS: Dave Mason, Investor Relations, Tel: +1 416-247-9652, [email protected]