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Com Dev International Ltd
Symbol CDV
Shares Issued 76,685,326
Close 2014-09-29 C$ 3.61
Market Cap C$ 276,834,027
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Com Dev receives $19.2-million satellite data contract

2014-09-30 17:40 ET - News Release

Mr. Peter Mabson reports

EXACTEARTH RECEIVES $19.2M AIS DATA CONTRACT FROM THE GOVERNMENT OF CANADA

Com Dev International Ltd. subsidiary exactEarth Ltd. has been awarded a $19.2-million contract by the government of Canada to provide extensive advanced satellite AIS data services. This contract covers a period of 18 months and supersedes and significantly augments the existing AIS data services contract that had been in place since 2012 with the Canadian Space Agency and the Department of National Defence. The superseded amount is $1.8-million, making the net new order booking $17.4-million.

Under the new contract, the full exactAIS data service is made available to all Canadian government departments and is expected to be used for a wide range of applications, including, but not limited to, wide-area maritime surveillance and security, customs and border protection, Arctic vessel traffic monitoring, and fisheries and environment monitoring, as well as search and rescue.

"We are very pleased that the government of Canada has recognized the fundamental importance and value of AIS data to the management, surveillance, security and safety of global maritime traffic," said Peter Mabson, president of exactEarth. "Since the government of Canada first adopted the exactAIS service in 2010, their usage has grown exponentially -- both in terms of number of users and number of applications. This is not only indicative of the value provided by this service but is also a testament to the quality and reliability of the exactAIS data service. exactEarth's data service is currently being provided to more than 40 countries, and we are committed to continuing to provide leadership in service quality and customer support to all of our customers around the world."

About exactEarth

exactEarth, based in Cambridge, Ont., is a data services company providing the most advanced information on global maritime traffic available today. Its premium service, exactAIS, delivers an unrivalled view of the recognized maritime picture at a global scale. Offering fully secure data in a variety of industry standard formats and delivery methods, exactEarth's data provide real value for a wide range of operational maritime applications delivering operational efficiencies, enhancing security, safeguarding the environment and assisting in saving lives. For more information, visit the exactEarth website.

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