CAMBRIDGE, ON, Dec. 13, 2012 /CNW/ - exactEarth Ltd., the leading provider of
satellite AIS data services, today announced that it has continued to achieve
significant growth during its 2012 Fiscal Year, ending October 31(st) 2012.
exactEarth uses an advanced satellite constellation and proprietary processing
technology to deliver unprecedented maritime detection capabilities to its
growing customer base. Revenues for exactAIS®, its global vessel tracking
and monitoring system, doubled during fiscal year 2012 to $9.7 million, with
bookings also climbing to $13.6 million*. exactEarth now delivers close to
100 million AIS messages per day to a growing customer base that has more than
doubled over the fiscal year to over 50 customers across 5 continents.
exactEarth also received upgrades and renewals from Government and commercial
customers globally, as exactAIS data continued to play an integral role in
various maritime applications such as Fisheries Protection, Transportation and
Logistics, Environmental Preservation, Vessel Traffic Management as well as
Maritime Surveillance and Security and Search and Rescue Operations. In
addition through its partnership with VesselTracker GmbH, exactEarth data is
now increasingly being used across the commercial shipping world by Port
Authorities, Ship Owners, Brokers and Fleet Managers.
Peter Mabson, President of exactEarth, commented: "We are obviously delighted
to see such growth over the last 12 months and this confirms our belief that
the benefit of our exactAIS service is now being realized across an ever-
wider maritime market. With the continued expansion of both our in-orbit and
ground station capabilities next year, building on our recent successful
launch of the first of our next generation of AIS satellites, our service will
continue to improve and the value to our customers increase. Our service now
provides the highest global ship detection rates of any satellite-based AIS
system with our patented processing technology also delivering ground-breaking
results for positive identifications within a single satellite pass and in
areas of dense maritime traffic. Our strengthening partnerships, highlighted
by our relationship with VesselTracker, and our plans for simple web services
delivery will allow this service to be delivered to a wider audience which we
see as key to sustaining this impressive growth moving ahead."
About exactEarth Ltd.
exactEarth, based in Cambridge, Ontario, is a data services company providing
the most advanced information on global maritime traffic available today.
Our premium service, exactAIS®, delivers an unrivalled view of the recognized
maritime picture at a global scale. Offering fully secure data in a variety of
industry standard formats and delivery methods, exactEarth's data provides
real value for a wide range of operational maritime applications delivering
operational efficiencies, enhancing security, safeguarding the environment,
and assisting in saving lives. For more information, visit our website at
Peter Mabson President, exactEarth Ltd. Tel: +1 519-622-4445 ext.5870
Craig MacPhail TMX Equicom Tel: +1 416-815-0700 ext. 290
SOURCE: exactEarth Ltd.
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CO: COM DEV International Ltd.
NI: AIR ERN
-0- Dec/13/2012 12:00 GMT
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