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exactEarth Expands Channel Partner Agreement with $7.0 Million Revenue Generation

July 07, 2020 / exactEarth
SHARESHARESHARE

exactEarth Ltd., 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. Under the terms of the Amended Agreement, the Partner is able to deploy exactEarth’s exactViewTM RT advanced real-time Satellite-AIS data services into their full range of advanced maritime analytics products, derived services and international data customers. The agreement also provides both Parties with expanded reseller rights which enable further sales potential over the term of the agreement.