ExactEarth, which is owned by Com Dev (73
per cent) and Spanish company Hisdesat Servicios Estrategicos S.A. (27
per cent), tracks maritime ships using satellites and high frequency
radio signals.
It recently announced an agreement with
Florida-based Harris Corp. that will see ExactEarth's ship tracking
technology go into payloads built by Harris for a constellation of 58
new satellites called Iridium Next.
"Broadly speaking the opportunities we are
looking to develop, certainly what we've done with the Harris agreement,
set the stage for that," Mabson said of the plans to go public.
"We put a growth plan in front of our
shareholders because we see additional opportunities for the business
and that growth plan required extra funding and capital in order to
achieve it," he said.
::::
ExactEarth was started by Com Dev six years
ago. The company, which currently employs 60 people, has developed nine
separate and distinct products serving about 250 customers, says the
prospectus.
It recorded a net loss of $1.8 million on
revenue of $11.4 million in the six months ended May 1, according to the
prospectus. It lost $1.4 million on revenue of $7.7 million in the same
period a year earlier.
The global market for maritime information
was worth $880 million US last year and is expected to grow to $2.1
billion US by 2024, ExactEarth says in the prospectus. The company
operates mainly in the automatic identification system sector of that
market, which was worth $42.7 million US last year and is expected to
grow to $163 million US by 2024.
In the prospectus, ExactEarth says it will
continue to expand its service offering and it is looking to serve
customers outside of the maritime market.
New revolutionary satellite AIS Constellation provides global real time ship tracking | Government Security News Thu, 2015-06-11 06:25 PM
Cambridge, Ontario, June 8 – Together with Harris Corporation, exactEarth unveiled their second generation Satellite AIS (S-AIS) constellation, exactView™ RT powered by Harris. This advanced maritime tracking capability will see AIS payloads being deployed on 58 satellites as part of the Iridium NEXT constellation, leveraging exactEarth’s patented, proven advanced AIS message processing capability alongside Harris’ leading programmable payload architecture. Additionally, this new capability will utilize the inter-satellite communications capabilities of the Iridium NEXT constellation to deliver vessel AIS positions in real time. As a result exactView RT will provide continuous global coverage and the most persistent and optimized Satellite AIS solution for global AIS maritime awareness.
New revolutionary satellite AIS Constellation provides global real time ship tracking | Government Security News Thu, 2015-06-11 06:25 PM
Cambridge, Ontario, June 8 – Together with Harris Corporation, exactEarth unveiled their second generation Satellite AIS (S-AIS) constellation, exactView™ RT powered by Harris. This advanced maritime tracking capability will see AIS payloads being deployed on 58 satellites as part of the Iridium NEXT constellation, leveraging exactEarth’s patented, proven advanced AIS message processing capability alongside Harris’ leading programmable payload architecture. Additionally, this new capability will utilize the inter-satellite communications capabilities of the Iridium NEXT constellation to deliver vessel AIS positions in real time. As a result exactView RT will provide continuous global coverage and the most persistent and optimized Satellite AIS solution for global AIS maritime awareness.
exactView RT powered by Harris offers:
- Global average revisit of less than 1 minute
- Customer data latency of less than 1 minute
- The highest detection performance for both Class A and Class B AIS messages
- Tracking of large populations of small vessels with ABSEA™ equipped AIS transceivers
- Support for the future evolution of AIS to support VDES and other initiatives in the maritime VHF band
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