CAMBRIDGE, ON, March 3, 2021 (exactEarth PR) — exactEarth Ltd. (“the Company”) (TSX: XCT), announces that it has signed an agreement with MDA to provide advanced Satellite-AIS data services as part of MDA’s recently announced Dark Vessel Detection (“DVD”) program for the Government of Canada. The DVD program is intended to detect and identify vessels that have switched off their AIS transponders and are engaged in illegal, unreported and unregulated (“IUU”) fishing.

IUU fishing is a global problem that results in significant economic loss – estimated at $23 billion per year by the Department of Fisheries and Oceans Canada – and leads to considerable damage to the world’s fishing population and habitat. exactEarth is part of the MDA-led project that is supporting the Government of Canada’s commitment to help deter IUU fishing by using satellite technology to locate so-called “dark targets”, those whose AIS transponders have been switched off. Under the terms of its agreement with MDA, exactEarth will provide advanced global Satellite-AIS data services to support pilot trials of the DVD program.