Satellite-based vessel tracking service provider exactEarth sees no Covid-19 headwind

by Peter B. de Selding

PARIS — Satellite-based ship-tracking service provide exactEarth Ltd. said the Covid-19 is having little effect on its business aside from an increase in bad-debt expense related to a Chinese customer, attributed to the pandemic.

Canada-based exactEarth has recently completed transactions that should weigh favorably on its 2020 financials.

Startup satellite IoT constellation operator Myriota purchased exactEarth 1st-generation satellites, which exactEarth will lease, in a cash and stock transaction that reduces exactEarth annual operating costs and gives exactEarth an increased equity . . .

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