Six satellite constellation will offer unprecedented service level
CAMBRIDGE, ON, March 11 /CNW/ - exactEarth Ltd., a leading provider of satellite AIS data services, today announced that it has reached an agreement with SpaceQuest Ltd of Fairfax, Virginia to purchase two new satellites equipped with advanced AIS payloads. exactEarth has had access to AIS message data and real-time spectrum feeds from two in-orbit SpaceQuest satellites since the middle of last year and processing the spectrum data using its proprietary de-collision technology to generate AIS messages for its global exactAIS™ service. The two new satellites will add to this capability, and will also incorporate SpaceQuest's next generation advanced on-board AIS message processing technology designed to further improve AIS message detection from space. The launch of the satellites is expected to occur by the middle of this year on a Russian Dnepr rocket and exactEarth will assume ownership of the new spacecraft following their successful in-orbit commissioning.
"We are pleased to expand our relationship with SpaceQuest. Their satellites have proven to be a reliable source of AIS signals that meet our needs for a high-performance, global data feed," said Peter Mabson, President of exactEarth. "With this purchase, and the anticipated deployment of two more exactEarth advanced AIS satellites in the next few months, we will have access to a constellation of six spacecraft in orbit by this summer that is expected to produce in excess of six million AIS vessel reports per day. This will solidify exactEarth's position as the provider of the world's most comprehensive and high performance satellite AIS data service capability."
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.