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exactEarth Ltd
Symbol XCT
Shares Issued 21,605,506
Close 2017-09-19 C$ 1.14
Market Cap C$ 24,630,277
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exactEarth's exactTrax used in Alltek tracking beacon

2017-09-19 13:33 ET - News Release

Mr. Peter Mabson reports

EXACTEARTH ANNOUNCES AGREEMENT WITH ALLTEK MARINE TO EXPAND SMALL VESSEL TRACKING SERVICE OFFERING

exactEarth Ltd.'s 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.

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 support safety of life at sea and deliver 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, chief executive officer 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 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 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 groundbreaking 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.

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