exactEarth
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Company type | Subsidiary |
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| Headquarters | , |
Key people | Peter Mabson, CEO |
| Products | Satellite AIS Data Services and Solutions |
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| Parent | Spire Global |
| Website | https://www.exactEarth.com |
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exactEarth Ltd is a Canadian company that specializes in data services that deliver 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, United States, Australia and across Europe.[1][2]
Founded in 2009, exactEarth is based in Cambridge, Ontario, Canada. The company was publicly traded until 2021 when Spire Global acquired the company.
History
In 2005, COM DEV International 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 nanosatellite (EV0) in April 2008.[3]
exactEarth commenced commercial operations in June 2009.[3] In September 2010, Hisdesat acquired a 27% equity interest for CA$15 million in cash, with COM DEV retaining 73%.[3]
On 23 June 2015, exactEarth filed a Preliminary Prospectus with Canadian Securities Administrators, announcing their intentions to launch an Initial public offering (IPO).[3] However, on 5 November 2015, exactEarth's largest shareholder, COM DEV, announced plans for an acquisition by Honeywell with exactEarth spinning out into its own publicly traded company.[4] exactEarth's prospectus was abandoned. COM DEV shareholders approved the acquisition on 21 January 2016, with each COM DEV shareholder receiving 0.1977 exactEarth stock for every COM DEV stock held.[5] Final court approval of the acquisition came on 25 January 2016.[6]
On 9 February 2016, exactEarth became a publicly traded company, trading on the Toronto Stock Exchange with the ticker symbol of XCT.[7] For a while, HISDESAT Servicios Estratégicos S.A.[8] was the largest stakeholder. However, in December 2021, the company was acquired by Spire Global and its stock were de-listed from the TSX.[9]
Satellites
On 8 June 2015, exactEarth announced a partnership with Harris Corporation to build 58 AIS detecting payloads to be launched on board the Iridium NEXT satellite constellation.[10] It is expected that this constellation will provide global average revisit times and customer data latency of less than one minute.[11]
As of October 2015, exactEarth operates a satellite constellation consisting of 9 satellites.[12]
| Name | Satellite Catalog Number | Launch date | Launch vehicle | Constructor | Notes |
|---|---|---|---|---|---|
| CANX 6 (EV0) | Retired, used for R&D | ||||
| ExactView-1 (EV1) | Surrey Satellite Technology Limited[13] | ||||
| Resourcesat-2 (EV2) | |||||
| AprizeSat-6 (EV6) | |||||
| AprizeSat-7 (EV5R) | |||||
| AprizeSat-8 (EV12) | |||||
| AprizeSat-9 (EV11) | |||||
| AprizeSat-10 (EV13) | |||||
| ExactView-9 (EV9) | |||||
| M3MSat (EV7) | |||||
| PAZ (EV10) |
Projects
exactEarth satellite AIS data was used in
- security efforts at the 2010 Olympics and Paralympics.[14]
- the ship emission modelling project of the Finnish Meteorological Institute.[15]
- ScanEx RDC effort in identifying illegal shipping within marine protected natural areas.[16]
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.[17]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."exactEarth receives CA$19.2 million AIS data contract from the Government of Canada". Canada News Wire (CNW). Archived from the original on 4 December 2014. Retrieved 30 September 2014.
- ^ Page Module:Citation/CS1/styles.css has no content.Magan, Veronica (23 December 2016). "exactEarth to Provide India's Navy with satellite-AIS". Via Satellite.
- ^ a b c d Page Module:Citation/CS1/styles.css has no content."Preliminary long form prospectus". p. 33. Retrieved 6 July 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."COM DEV announces acquisition by Honeywell and spinout of exactEarth" (PDF).[permanent dead link]
- ^ Page Module:Citation/CS1/styles.css has no content."COM DEV shareholders approve Arrangement with Honeywell" (PDF).[permanent dead link]
- ^ Page Module:Citation/CS1/styles.css has no content."COM DEV receives final Court approval of Arrangement with Honeywell" (PDF).[permanent dead link]
- ^ Page Module:Citation/CS1/styles.css has no content."exactEarth to Commence Trading Today on the Toronto Stock Exchange". Archived from the original on 11 June 2016. Retrieved 1 June 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."COM DEV's exactEarth and Spain's HISDESAT join forces to tackle the space-based AIS Market". Retrieved 20 May 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Spire Global, Inc. Completes Acquisition of exactEarth Ltd" (Press release). Business Wire. 30 November 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."exactEarth and Harris Corporation Form Strategic Alliance to Provide Real-Time Global Maritime Tracking and Information Solutions". Archived from the original on 18 July 2018. Retrieved 1 June 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."The Next Generation Satellite AIS Constellation Provides Real-Time Global Ship Tracking". Retrieved 1 June 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."The exactView™ Constellation" (PDF). Retrieved 26 May 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Ahoy! Your ship is being tracked from orbit". BBC News. Jonathan Amos. 20 July 2012. Retrieved 20 July 2012.
- ^ Page Module:Citation/CS1/styles.css has no content."exactEarth space-based AIS data makes contribution to security efforts for 2010 Olympics and Paralympics". Canada News Wire (CNW). Retrieved 9 June 2010.[permanent dead link]
- ^ Page Module:Citation/CS1/styles.css has no content."Ship emission modeling" (PDF). Retrieved 19 May 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."Satellites Detect Illegal Vessels in Komandorsky Nature Reserve". Sensors & Systems. Archived from the original on 23 July 2015. Retrieved 9 October 2013.
- ^ Page Module:Citation/CS1/styles.css has no content."AIS Recognized at Ontario Premier's Innovation Awards". exactEarth. [permanent dead link]
