OTCPK:EXRTF - Post by User
Comment by
Dollarpeeon Oct 19, 2018 1:22pm
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Post# 28836285
RE:PUMP AND DUMP be careful
RE:PUMP AND DUMP be careful Government of Canada to Invest $7.2 Million in exactEarth
Friday, October 19, 2018, 9:13 AM ET
-- Investment to be made over a three-year period through the Strategic
Investment Fund program to support Canadian innovation and to drive
economic growth
-- exactEarth will use funds to support exactView RT, the only global
real-time Satellite-AIS service in world, and to develop applications
that leverage that platform
-- Repayments are to be made over a 15-year period beginning in 2023
CAMBRIDGE, ON, Oct. 19, 2018 /CNW/ - exactEarth Ltd. ("exactEarth" of the "Company") (TSX:XCT), a leading provider of Satellite-AIS data services announces that the Government of Canada ("GoC") will make an investment of $7.2 million over three-years to support the development, management and expansion of exactView RT, the Company's real-time Satellite-AIS service. The investment is being made through the GoC's Strategic Innovation Fund ("SIF"), a program designed to support businesses across all sectors of the economy by encouraging R&D that will accelerate the commercialization of innovative products, processes and services and will facilitate the growth of innovative firms.