Agreement expands availability of exactEarth's Small Vessel Tracking Service
CAMBRIDGE, ON, June 27, 2017 /CNW/ - exactEarth Ltd. ("exactEarth") (TSX: XCT), a leading provider of Satellite AIS data services, has entered into an agreement with CML Microcircuits ("CML") of the United Kingdom to provide a fast, easy, and cost-effective AIS solution for tracking small vessels. The CML AIS processors (CMX7032/CMX7042) are now fully embedded with exactTrax™ technology.
Utilizing CML's CMX7032/CMX7042 AIS processors, cost effective, low power exactTrax-enabled transceivers can be easily developed, with a fast route to market and eliminating the need for a long and expensive development process. Existing users of the CMX7032/CMX7042 will have access to a free upgrade to utilize exactTrax.
The exactTrax data service integrates seamlessly with existing maritime domain awareness tools, providing the ability to monitor the millions of artisanal and small-scale commercial fishing boats and small commercial work boats currently operating around the world. This ability to monitor and track vessels equipped with exactTrax enabled transceivers delivers an unrivalled picture into the world's global maritime activity. These insights can provide critical intelligence into a variety of marine applications such as fisheries protection, environmental preservation, and maritime security through improved 'dark' target analysis.
"We recently announced that our exactTrax service is now available for integration with all AIS transceiver manufacturers and our agreement with CML Microcircuits adds to our list of partners that have now integrated the service into their devices," said Peter Mabson, CEO of exactEarth. "Expanding this list of partners means that we can now reach even more potential users worldwide and offer customers a range of platform options."
About CML Microcircuits
Founded in 1968, CML Microcircuits has developed to become a world-leader in the design, development and supply of low-power analogue, digital and mixed-signal semiconductors for telecommunications systems worldwide. With its ISO 9001: 2008 certified design, production and marketing facilities and its truly global network of over one-hundred accredited distributors and representatives, CML offers a high-quality product backed by a wealth of design experience and the ongoing availability of 'local-knowledge' technical, applications and commercial support. This enables CML and its customers, to respond to market demands quickly, accurately and cost-effectively. CML is supportive of conserving the natural environment and aims to manage its operations in ways that are environmentally friendly and economically viable. CML provides RoHS compliant, lead-free (Pb-free) products. CML Microcircuits is a member of the CML Microsystems Plc. Group of companies.
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 www.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, objectives or economic performance, or the assumptions underlying any of the foregoing, including statements regarding, among other things, the intentions of the parties, the use of any intellectual property, further investments that may be made by exactEarth and new markets that may be exploited by either party. 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.