exactTrax helps to enhance vessel safety and address global overfishing
exactTrax will have real-time vessel tracking capability
CAMBRIDGE, ON, June 1, 2017 /CNW/ - exactEarth Ltd. (“exactEarth” or the “Company”) (TSX: XCT), a leading provider of Satellite AIS data services, announces that the Company’s small vessel tracking solution, exactTrax™, is now available for integration with all AIS transceiver manufacturers. A number of different exactTrax-enabled transceivers are already available, which enables customers to choose the most appropriate hardware for their small vessel tracking needs.
exactTrax is a secure, proven and cost-effective solution for providing users with a complete picture of small vessel activity in their maritime domain. exactTrax continually monitors the millions of small vessels navigating the world’s oceans and waterways, and supports SOLAS (Safety of Life at Sea), fisheries management, maritime surveillance and a host of other applications and services designed to enhance domestic security and vessel safety, and to minimize global overfishing.
exactTrax satellite messages are encoded prior to transmission, and are therefore transmitted securely, regardless of hardware selection. On reception, the messages are decoded by exactEarth and then made available to the user.
“Our announcement today will broaden the availability of exactTrax to more potential users worldwide,” said Peter Mabson, CEO of exactEarth. “In addition, with the recent launch of exactView RT Powered by Harris, exactTrax users will soon benefit from real-time small vessel positional updates, which will further enhance the security, safety and economic benefits of our service.”
All exactTrax-enabled transceiver platforms support standard AIS SART functionality in case of emergency, and transmit standard AIS Class B position reports for detection by terrestrial AIS networks and nearby shipping, or when required by an administration.
For more information, visit the exactTrax webpage.
Forward-Looking StatementsThis 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 timing of the roll-out and in-service dates of the second-generation constellation, and the future impact of the loss of the EV5 satellite. 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.