Contract for $1.2 USD with Indian Navy CAMBRIDGE, ON, Dec. 17, 2019 /CNW/ - exactEarth Ltd. ("exactEarth" or the "Company") (XCT: TSX), a leading provider of Satellite-AIS data services, announces that it has renewed its contract with Antrix Corporation Ltd., the commercial arm of the Indian Space Research Organization, to provide Satellite-AIS data services to the Indian Navy. The two-year subscription revenue contract is valued at USD $1.2 million in total.
Under the terms of the agreement, exactEarth will provide live and archived data from exactView RT, the Company's second-generation real-time Satellite-AIS data service, to, among other things, help the Indian Navy to monitor, in real-time, maritime activity along its 7,500 km of coastline and near its significant offshore resources.