exactEarth to Provide AIS Services to MDA

Cambridge, ON – November 2, 2016 – exactEarth Ltd. (TSX: XCT), the leading provider of Satellite AIS data services, announces that it has been awarded a four-year $2.7 million (including taxes) contract by MacDonald, Dettwiler and Associates Ltd. (MDA) to provide AIS data processing services for the Canadian Department of National Defence’s (DND) Polar Epsilon 2 (PE2) project. The PE2 project is a national initiative that will combine radar and AIS data from the RADARSAT Constellation Mission to provide enhanced maritime domain awareness that will identify, detect and track vessels in Canada’s maritime approaches and support Canadian Armed Forces at home and abroad.

Under terms of the contract, exactEarth will provide services to establish, test and validate the AIS processing service in accordance with the PE2 project requirements, which will then be followed by two years of service operations.

“We are pleased to have been selected by MDA for the PE2 project. This contract win is the result of a competitive bidding process where our industry-leading satellite AIS data processing detection technology has once again been recognized for its performance,” said Peter Mabson, CEO of exactEarth. This is a separate agreement from our existing contract with the Government of Canada, and we look forward to expanding the services that we provide to them.”

The PE2 project is part of the Canadian Government’s effort to maintain and expand the country’s access to a domestic source of space-based Earth observation data. According to the Department of National Defence, the Polar Epsilon 2 will use imagery from the three-satellite RADARSAT Constellation Mission (RCM) to deliver advanced surveillance capabilities for domestic and global Canadian Armed Forces operations. The RCM satellites are scheduled for launch in 2018.