exactEarth Announces Agreement with Alltek Marine to Expand Small Vessel Tracking Service Offering

CAMBRIDGE, ON, Sept. 19, 2017 /CNW/ - exactEarth Ltd. ("exactEarth") (TSX: XCT), a leading provider of Satellite AIS data services, announces that its exactTrax™ small vessel monitoring technology is now incorporated into Alltek Marine Electronic Corp's (AMEC) AIS Tracking Beacon (TB560). The AMEC TB560 is a simplified Class B AIS device that offers an efficient and cost-effective vessel monitoring solution within AIS VHF transmission range. Now outfitted with exactTrax technology from exactEarth, which extends small vessel tracking beyond traditional coastal surveillance, the AMEC TB560 can reliably be detected from space.

exactEarth Ltd. (CNW Group/exactEarth Ltd.)

exactTrax allows for the secure transmission and reliable detection of signals from the millions of artisanal and small-scale commercial fishing boats and small commercial work boats currently operating around the world. Monitoring and tracking vessels equipped with exactTrax-enabled transceivers supports safety of life at sea and delivers an unprecedented ability to immediately respond in emergency situations. Tracking these vessels can also provide critical intelligence into a variety of marine applications such as fisheries protection, environmental preservation, and maritime surveillance/security through improved 'dark' target analysis.

AMEC's TB560 unit is uniquely equipped with an optional smoke detector and water submersion detector for additional safety alerts that can notify operators immediately of security incidents aboard the vessel.

"We are very pleased to add Alltek Marine to our growing list of partners for our small vessel tracking offering," said Peter Mabson, CEO of exactEarth. "Embedding exactTrax within the innovative TB560 gives us the opportunity to reach even more potential users worldwide and offer customers real choice in their platform options."

"Entering this agreement with exactEarth is very exciting for the AMEC team," said H.A. Chen, President of Alltek Marine. "We have worked hard to establish our industry-leading TB560 beacon and now partnering with exactEarth for enhanced long-range tracking of our devices will offer a distinct advantage to our growing customer base."

About AMEC

Alltek Marine Electronics Corp., also known as AMEC, specializes in designing and manufacturing of high-quality AIS products. AMEC was founded with the mission of offering the best marine electronics for navigation, communication, and safety. In pursuing this goal, AMEC is committed to delivering AIS solutions to meet customer expectations for qualities, performances, values, and services. AMEC AIS solutions cover from commercial vessels, fishing vessels, leisure boats, personal safety and Aids-to-Navigation. AMEC's business also encompasses custom solutions from board level to modules and from OEM/ODM to tailored-made products, to fulfill diverse customer needs.  Alltek Marine is a majority owned subsidiary of Alltek Technology Corporation group which is a public listed company in Taiwan since 2004. For more information, visit www.alltekmarine.com

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  

Forward-Looking Statements

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.

For further information: MEDIA: Nicole Schill, Marketing Communications Manager, Tel: +1 519-620-5890, nicole.schill@exactearth.com; INVESTORS: Dave Mason, Tel: +1 416-985-3647, investors@exactearth.com

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