exactEarth Announces $7.0 Million Expansion of Channel Partner Agreement

CAMBRIDGE, ON, July 6, 2020 (exactEarth PR)– exactEarth Ltd. (TSX:XCT) (“exactEarth” or the “Company”), a leading provider of Satellite-AIS data services announces an expanded alliance agreement (the “Amended Agreement”) with one of its existing channel partners (the “Partner”). All financial figures are in Canadian dollars unless otherwise stated.

The Amended Agreement extends the current agreement between the companies by three-and-a-half years through to December 2023. exactEarth estimates that this Amended Agreement will generate additional incremental revenues of approximately $7.0 million, or $2.0 million per year on an annualized basis.

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