From: exactEarth Ltd
Posted: Thursday, May 20, 2010
exactEarth Ltd., the data services subsidiary of COM DEV International Ltd. (TSX: CDV), today announced that it has entered into agreements with two major government maritime agencies to provide its space-based Automatic Identification System (S-AIS) service, exactAIS(TM), on a paid trial basis. Under the agreements, exactEarth will provide the agencies with S-AIS data feeds and value-added services for a limited time commencing with the launch of its first operational satellite expected in late summer.
"Our trial program has proven to be an attractive option for customers who wish evaluate our premierspace-based AIS service for a relatively small financial commitment as they take any steps necessary to secure budgetary funding," said Peter Mabson, President of exactEarth. "We are engaged in advanced discussions with other countries and expect to announce additional trial agreements shortly."
exactEarth is offering its exactAIS trial program to a limited number of competent maritime authorities around the world. A total of five countries have either signed on for the program or completed trials based on the exactEarth's NTS nano-satellite which has been in orbit for the past two years.
About exactEarth Ltd.
exactEarth Ltd. (www.exactEarth.com) is a data services company that leverages advanced microsatellite technology and globally deployed ground systems to deliver monitoring solutions characterized by high performance, reliability, security, and simplicity. exactEarth's initial service, exactAIS(TM), is a global vessel tracking and monitoring system based on world leading space-based advanced AIS detection technology. Based in Cambridge, ON, Canada, exactEarth is a subsidiary of COM DEV International Ltd., a leading global designer and manufacturer of space hardware subsystems.
This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. COM DEV International ("the Company") cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company. The exactEarth logos and the words exactEarth and exactAIS are trademarks and the property of exactEarth Ltd. The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.
For further information
Peter Mabson, President, exactEarth Ltd., Tel: (519) 622-2300 ext. 4800, peter.mabson@exactEarth.com Jeff Codispodi, The Equicom Group, Tel: (416) 815-0700 ext. 261, email@example.com
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