Friday, 19 October 2018 14:39

Federal government invests in exactEarth

532 exactearth

The federal government’s $7.2 million investment in the marine satellite innovation company based in Cambridge will help exactEarth create and maintain 67 jobs and will support the Canadian company in becoming a world leader in real-time satellite Automatic Identification System (AIS) services for ship tracking. The project will allow the company to update its existing satellite network and to develop and integrate big data analytics into its services. exactEarth’s products will be used by the global shipping industry to optimize ship routing, in turn helping reduce fossil fuel consumption and the impact of shipping on the ocean environment.

Thanks in part to this investment, exactEarth will invest more in R&D, see more intellectual property developed and retained in Canada, and continue its collaboration with universities and research institutions in the Marine Environmental Observation, Prediction and Response Network (MEOPAR) group. This collaboration includes exactEarth’s support for the WHaLE project, which focuses on developing a satellite system to reduce the number of collisions between whales and ships.

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