Genscape announced today that it is expanding its AIS and maritime data services collaboration with exactEarth (TSX: XCT). For more than three years, the two companies have had a successful collaboration combining their respective industry-leading capabilities in satellite and terrestrial AIS data services to offer a range of global AIS products to governments and commercial markets around the world.
The extended partnership focuses on building and delivering the next generation services and datasets required by financial information services and trading firms. exactEarth is now offering exactShipDB, a new, enhanced vessel information service utilizing the Genscape Vesseltracker Ship Database. Additional solutions under exploration are port information, event history, and vessel movement prediction. These new, differentiated, and value-added solutions will extend and grow existing multi-year relationships with financial markets-focused customers.
“We are pleased to continue our successful relationship with exactEarth as a preferred industry partner for satellite AIS data services,” said Genscape CEO Matthew Burkley. “The addition of exactShipDB to exactEarth’s data service product line will benefit both companies and will continue to expand our relationship.”
“Our collaboration with Genscape has allowed both companies to offer a range of highly reliable and high performing maritime data products to the global market,” said exactEarth CEO Peter Mabson. “We are pleased to be able to build on this successful, long-term relationship and to be able to expand our data offering to the marketplace.”
About Genscape
Genscape is a leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With a network of thousands of patented monitors, sensors, and satellites strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com.
About exactEarth
exactEarth is a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. Since its establishment in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite-AIS (“S-AIS”) and has delivered to its clients a view of maritime behaviours across all regions of the world’s oceans unrestricted by terrestrial limitations. exactEarth has deployed an operational data processing supply chain involving a constellation of satellites, receiving ground stations, patented decoding algorithms and advanced “big data” processing and distribution facilities. This ground-breaking system provides a comprehensive picture of the location of AIS equipped maritime vessels throughout the world and allows exactEarth to deliver data and information services characterized by high performance, reliability, security and simplicity to large international markets. For more information, visit exactearth.com.
exactEarth Contact information
Media: Nicole Schill
Marketing Communications Manager
Tel: +1 519-622-4445
Nicole.Schill@exactearth.com
Investors:
Dave Mason
Investor Relations
Tel: +1 416-985-3647
investors@exactearth.com
