SPIRE GLOBAL ARCHIVE OF AIS

Business Wire 06:05 PM ET.About SPIR. (NYSE: NSH) (NavSight) to take Spire public. (Spire or the Company) a leading global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc.

Stock NameExactEarth accelerates growth of SpireвЂ™s existing maritime business with additional data solutions, cross-selling opportunities, and expansion of the companyвЂ™s geographic footprintVIENNA, Va. Spire Global Inc., formerly known as NavSight Holdings Inc., is based in VIENNA, Va. Is a provider of space-based data, analytics and space services. Our APIs and tailored datasets provide highly accurate maritime, aviation, and weather data, giving you actionable intelligence about Earth, its environment, and its global shipping and aviation activity.Spire Global Inc. Its software.Business Combination Creates a Global Leader in the Space-Based Maritime Data and Analytics IndustrySpire government solutions provide mission-critical satellite data to drive global and US Federal government and defense initiatives.

Bringing together real-time and historical space-based maritime data, Spire and exactEarth will provide customers with innovative solutions that drive the digitalization of the almost US$2 trillion global maritime industry, such as better fleet visibility for more efficient routing, cost savings from reduced fuel consumption, and a lower environmental footprint.вЂњWe look forward to joining forces with the Spire team to not only have an impact on the maritime industry, but also to have an impact on the planet, through offering customers enhanced data solutions that are designed to impact not only a companyвЂ™s bottom line, but also its environmental footprint,вЂќ said Peter Mabson, exactEarth CEO. вЂњI have great respect for the highly experienced team at exactEarth and am excited to continue driving this digital transformation together, serving more customers with a more robust data and solutions platform.вЂќThe combined company aims to be transformative for customers and the maritime industry. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarthвЂ™s CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.вЂњPeter and I share a vision about the opportunity for space-based maritime data and the digitalization of the global maritime industry, and I look forward to pursuing that vision together,вЂќ said Peter Platzer, SpireвЂ™s CEO. (TSX: XCT) (вЂњexactEarthвЂќ) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarthвЂ™s Enterprise Value to LTM revenue. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. 14, 2021 (GLOBE NEWSWIRE) вЂ” Spire Global, Inc.

ExactEarth will retain its board seat. This affords Spire a solid first foothold in this high-growth industry of space-based IoT solutions. Minority indirect ownership stake in IoT provider Myriota, a fast growing player in the low-cost, low-power, secure direct-to-orbit satellite connectivity for Internet of Things. These customers in the commercial and government sectors will provide substantial cross-selling opportunities of SpireвЂ™s data and analytics products. In the maritime S-AIS (Satellite-Automatic Identification System) industry, exactEarth will accelerate SpireвЂ™s expansion by adding over 150 customers.

Spire Global Archive Of AIS

Expands SpireвЂ™s geographic footprint. With an average tenure of over 7 years, exactEarthвЂ™s experienced sales and product development team will enhance SpireвЂ™s global market capability and reach in the maritime industry. Adds depth of experience to maritime and product development teams. ExactEarthвЂ™s 10-year archive of AIS data will substantially increase SpireвЂ™s historical maritime (AIS) data set, accelerating SpireвЂ™s new product offerings and solutions. Expands Historical Database to accelerate AI/ML driven product development.

In some cases, you can identify forward-looking statements because they contain words such as вЂњmay,вЂќ вЂњwill,вЂќ вЂњshould,вЂќ вЂњexpects,вЂќ вЂњplans,вЂќ вЂњanticipates,вЂќ вЂњcould,вЂќ вЂњintends,вЂќ вЂњtarget,вЂќ вЂњprojects,вЂќ вЂњcontemplates,вЂќ вЂњbelieves,вЂќ вЂњestimates,вЂќ вЂњpredicts,вЂќ вЂњpotentialвЂќ or вЂњcontinueвЂќ or the negative of these words or other similar terms or expressions that concern SpireвЂ™s and exactEarthвЂ™s expectations, strategy, plans or intentions. Forward-looking statements generally relate to future events or our future financial or operating performance. Cautionary Note Regarding Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities laws, including the statements made in each CEO quote, the disclosures regarding the potential accretion to Spire revenue and adjusted EBIDTA, the ability to address the maritime industry, the size of the maritime industry, the timing of closing the transaction and the expansion of SpireвЂ™s customer count, ARR, product offerings and solutions. Under agreement with exactEarth and that are hosted onboard the Iridium NEXT constellation of satellites.