CAMBRIDGE, ON, March 7 /CNW/ - exactEarth Ltd., a leading provider of satellite AIS data services, today announced that it has been awarded a Standing Offer to provide its exactAIS™ data services to the Government of Canada with a total order value not to exceed $4.7 million. This award was received as the result of an open competitive tender. Under this agreement, the Canadian Space Agency may purchase exactAIS™ data for use across all Canadian Government departments to support a broad range of applications including maritime domain awareness, search and rescue, environmental and fisheries protection, Arctic monitoring and marine security. The Standing Offer provides for the purchase of either historical or operational exactAIS™ data services through the placement of specific purchase orders under the agreement. The first such purchase order has been received and is for the supply of exactAIS™ historical data valued at $1.57 million, and will be completed by March 31, 2011. The Standing Offer allows for the placement of further orders through until March 2013, however, the company expects that the bulk of the orders under this current agreement will be received within the next 12 months.
"exactEarth has quickly established itself as the industry leader for providing advanced high-performance Satellite AIS data services around the world," said Peter Mabson, President of exactEarth. "This award further demonstrates our ability to meet our customers' requirements with a robust and reliable data service. Our unique AIS message de-collision technology provides the highest quality, global vessel monitoring and detection capability which is critical for our customers' success."
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.
|Gary Calhoun||Peter Mabson||Jeff Codispodi|
|Chief Financial Officer||President, exactEarth Ltd.||The Equicom Group|
|COM DEV International Ltd.||Tel: +1 519-622-4445 ext.5870||Tel: +1 416-815-0700 ext. 261|
|Tel: +1 519-622-2300 ext. 2826||peter.mabson@exactEarth.firstname.lastname@example.org|