ExactEarth

Summary

exactEarth Ltd.
TypePublic
TSX: XCT
FoundedJune 2009
HeadquartersCambridge, Canada
Key people
Peter Mabson, CEO
ProductsSatellite AIS Data Services and Solutions
Websitehttps://www.exactEarth.com

exactEarth Ltd is a publicly traded[1] data services company delivering real-time global location-based maritime vessel tracking information utilizing patented Satellite AIS detection technology.

exactEarth provides Satellite AIS data services to commercial markets as well as government customers in India, Canada, US, Australia and across Europe. [2][3]

Founded in 2009, exactEarth is based in Cambridge, Ontario, Canada. The company is publicly traded, with HISDESAT Servicios Estratégicos S.A.[4] being the largest stakeholder.

History

In 2005, COM DEV first recognized that the AIS messages being transmitted by major ships could potentially be received from space. COM DEV validated its AIS detection capability through aircraft trials in 2007 and launched a nano-satellite (EV0) in April, 2008.[5]

exactEarth commenced commercial operations in June 2009.[6]

In September 2010, Hisdesat acquired a 27% equity interest in the Company for a cash investment of approximately $15 million, with COM DEV retaining a 73% equity interest. [7]

On June 23, 2015, exactEarth filed a Preliminary Prospectus with Canadian Securities Administrators, announcing their intentions to launch an IPO.[8] However, on November 5, 2015, exactEarth's largest shareholder, COM DEV, announced plans for an acquisition by Honeywell with exactEarth spinning out into its own publicly traded company.[9] exactEarth's prospectus was abandoned. COM DEV shareholders approved the acquisition on January 21, 2016, with each COM DEV shareholder receiving 0.1977 exactEarth stock for every COM DEV stock held.[10] Final court approval of the acquisition came on January 25, 2016.[11]

On February 9, 2016, exactEarth became a publicly traded company, trading on the Toronto Stock Exchange with the ticker symbol of XCT.[12]

Satellites

As of October 2015, exactEarth operates a satellite constellation consisting of 9 satellites.[13]

On June 8, 2015, exactEarth announced a partnership with Harris Corporation to build 58 AIS detecting payloads to be launched on board the Iridium NEXT satellite constellation.[14] It is expected that this constellation will provide global average revisit times and customer data latency of less than one minute.[15]

On January 14, 2017, the first of the Iridium NEXT constellation was launched.[16]

Name Satellite Catalog Number Launch date Launch vehicle Constructor Notes
CANX 6 (EV0) 32784 28 April 2008 Polar Satellite Launch Vehicle Retired, used for R&D
ExactView-1 (EV1) 38709 22 July 2012 Soyuz-FG Surrey Satellite Technology Limited[17]
Resourcesat-2 (EV2) 37387 20 April 2011 Polar Satellite Launch Vehicle-G
AprizeSat-6 (EV6) 37793 17 August 2011 Dnepr-1
AprizeSat-7 (EV5R) 39416 21 November 2013 Dnepr-1
AprizeSat-8 (EV12) 39425 21 November 2013 Dnepr-1
AprizeSat-9 (EV11) 40018 19 June 2014 Dnepr-1
AprizeSat-10 (EV13) 40019 19 June 2014 Dnepr-1
ExactView-9 (EV9) 40936 28 September 2015 Polar Satellite Launch Vehicle-XL
M3MSat (EV7) 41605 22 June 2016 Polar Satellite Launch Vehicle-XL
Paz (EV10) 43215 22 February 2018 Falcon 9 Full Thrust

Projects

exactEarth Satellite AIS data was used in security efforts at the 2010 Olympics and Paralympics.[18]

exactEarth Satellite AIS data was used in the ship emission modelling project of the Finnish Meteorological Institute.[19]

exactEarth Satellite AIS data aids ScanEx RDC in identifying illegal shipping within marine protected natural areas.[20]

Awards

In 2009, exactEarth technology was recognized at the Ontario Premier's Innovation Awards for developing a satellite system for their work on Satellite AIS. [21]

References

  1. ^ "exactEarth to Commence Trading Today on the Toronto Stock Exchange". Retrieved 1 June 2016. CS1 maint: discouraged parameter (link)
  2. ^ "exactEarth receives $19.2M AIS data contract from the Government of Canada". News Wire (CNW). Retrieved 30 September 2014. CS1 maint: discouraged parameter (link)
  3. ^ Magan, Veronica (23 December 2016). "ExactEarth to Provide India's Navy with Satellite-AIS". Via Satellite.
  4. ^ "COM DEV's exactEarth and Spain's HISDESAT join forces to tackle the Space-Based AIS Market". Retrieved 20 May 2015. CS1 maint: discouraged parameter (link)
  5. ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015. CS1 maint: discouraged parameter (link)
  6. ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015. CS1 maint: discouraged parameter (link)
  7. ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015. CS1 maint: discouraged parameter (link)
  8. ^ "Preliminary long form prospectus - English". Retrieved 6 July 2015. CS1 maint: discouraged parameter (link)
  9. ^ "COM DEV announces acquisition by Honeywell and spinout of exactEarth" (PDF).
  10. ^ "COM DEV shareholders approve Arrangement with Honeywell" (PDF).
  11. ^ "COM DEV receives final Court approval of Arrangement with Honeywell" (PDF).
  12. ^ "exactEarth to Commence Trading Today on the Toronto Stock Exchange". Retrieved 1 June 2016. CS1 maint: discouraged parameter (link)
  13. ^ "The exactView™ Constellation" (PDF). Retrieved 26 May 2015. CS1 maint: discouraged parameter (link)
  14. ^ "exactEarth and Harris Corporation Form Strategic Alliance to Provide Real-Time Global Maritime Tracking and Information Solutions". Retrieved 1 June 2016. CS1 maint: discouraged parameter (link)
  15. ^ "The Next Generation Satellite AIS Constellation Provides Real-Time Global Ship Tracking". Retrieved 1 June 2016. CS1 maint: discouraged parameter (link)
  16. ^ "SpaceX's Falcon 9 soars skyward with 10 Iridium NEXT satellites". Retrieved 17 January 2017. CS1 maint: discouraged parameter (link)
  17. ^ "Ahoy! Your ship is being tracked from orbit". BBC News. Jonathan Amos. Retrieved 20 July 2012. CS1 maint: discouraged parameter (link)
  18. ^ "exactEarth space-based AIS data makes contribution to security efforts for 2010 Olympics and Paralympics". News Wire (CNW). Retrieved 9 June 2010. CS1 maint: discouraged parameter (link)
  19. ^ "Ship emission modeling" (PDF). Retrieved 19 May 2015. CS1 maint: discouraged parameter (link)
  20. ^ "Satellites Detect Illegal Vessels in Komandorsky Nature Reserve". Sensors & Systems. Archived from the original on 23 July 2015. Retrieved 9 October 2013. CS1 maint: discouraged parameter (link)
  21. ^ "AIS Recognized at Ontario Premier's Innovation Awards". exactEarth. exactEarth.[permanent dead link]

External links

  • Official Website