exactEarth
 | |
| Company type | Public |
|---|---|
| TSX: XCT | |
| Founded | June 2009 |
| Headquarters | Cambridge, Canada |
Key people | Peter Mabson, CEO |
| Products | Satellite AIS Data Services and Solutions |
| Website | http://exactearth.com/ |
exactEarth Ltd is a publicly traded[1] data services company delivering near 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 | ||
| AprizeSat-7 (EV5R) | 39416 | 21 November 2013 | Dnepr | ||
| AprizeSat-8 (EV12) | 39425 | 21 November 2013 | Dnepr | ||
| AprizeSat-9 (EV11) | 40018 | 19 June 2014 | Dnepr | ||
| AprizeSat-10 (EV13) | 40019 | 19 June 2014 | Dnepr | ||
| ExactView-9 (EV9) | 40936 | 28 September 2015 | Polar Satellite Launch Vehicle-XL | ||
| M3MSat (EV7) | 41605 | 22 June 2016 | Polar Satellite Launch Vehicle-XL |
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
- ^ "exactEarth to Commence Trading Today on the Toronto Stock Exchange". Retrieved 1 June 2016.
- ^ "exactEarth receives $19.2M AIS data contract from the Government of Canada". News Wire (CNW). Retrieved 30 September 2014.
- ^ Magan, Veronica (23 December 2016). "ExactEarth to Provide India's Navy with Satellite-AIS". Via Satellite.
- ^ "COM DEV's exactEarth and Spain's HISDESAT join forces to tackle the Space-Based AIS Market". Retrieved 20 May 2015.
- ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015.
- ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015.
- ^ "Preliminary long form prospectus - English". p. 33. Retrieved 6 July 2015.
- ^ "Preliminary long form prospectus - English". Retrieved 6 July 2015.
- ^ "COM DEV announces acquisition by Honeywell and spinout of exactEarth" (PDF).
- ^ "COM DEV shareholders approve Arrangement with Honeywell" (PDF).
- ^ "COM DEV receives final Court approval of Arrangement with Honeywell" (PDF).
- ^ "exactEarth to Commence Trading Today on the Toronto Stock Exchange". Retrieved 1 June 2016.
- ^ "The exactView™ Constellation" (PDF). Retrieved 26 May 2015.
- ^ "exactEarth and Harris Corporation Form Strategic Alliance to Provide Real-Time Global Maritime Tracking and Information Solutions". Retrieved 1 June 2016.
- ^ "The Next Generation Satellite AIS Constellation Provides Real-Time Global Ship Tracking". Retrieved 1 June 2016.
- ^ "SpaceX's Falcon 9 soars skyward with 10 Iridium NEXT satellites". Retrieved 17 January 2017.
- ^ "Ahoy! Your ship is being tracked from orbit". BBC News. Jonathan Amos. Retrieved 20 July 2012.
- ^ "exactEarth space-based AIS data makes contribution to security efforts for 2010 Olympics and Paralympics". News Wire (CNW). Retrieved 9 June 2010.
- ^ "Ship emission modeling" (PDF). Retrieved 19 May 2015.
- ^ "Satellites Detect Illegal Vessels in Komandorsky Nature Reserve". Sensors & Systems. Retrieved 9 October 2013.
- ^ "AIS Recognized at Ontario Premier's Innovation Awards". exactEarth. exactEarth.