CAMBRIDGE, ON and MADRID , Jan. 13, 2020 (exactEarth/Hisdesat PR) — exactEarth Ltd. (“exactEarth” or the “Company”) (XCT:TSX) and Hisdesat announce that in partnership they have been selected by the European Maritime Safety Agency (“EMSA”) to provide satellite-AIS data services for a four-year period. All financial terms are in Canadian dollars unless otherwise stated.
Hisdesat, as prime contractor, will provide EMSA with exactView RT, exactEarth’s second-generation real-time satellite-AIS data service. Actual revenues under this framework contract will be determined by the task orders placed by EMSA, which is at their sole discretion, but based on their prior service expenditure history, exactEarth estimates that it could generate revenues of between $5.0 – $7.0 million for the Company over the life of the contract.(more…)