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October 23, 2020 | Local, Aerospace, Naval, Land, C4ISR, Security

Canada moves closer to military-spending target following previous critique from NATO, U.S.

OTTAWA - Canada has taken a big leap closer to meeting its promise to the NATO military alliance to spend a larger share of its economy on defence thanks to an unexpected assist from COVID-19.

New NATO figures released Wednesday show that largely thanks to the pandemic, Canada is poised to spend the equivalent of more of its gross domestic product on defence this year than at any point in the past decade.

That is because the alliance expects the Liberal government to hold Canadian defence spending steady even as COVID-19 batters the country's economic output.

Yet defence analyst David Perry of the Canadian Global Affairs Institute says the results are unlikely to appease the United States, as Canada continues to fall far short of its promise to NATO to spend two per cent of GDP on defence.

“I think they'll be pleased to see positive momentum,” Perry said of the U.S., “but it doesn't resolve their concern about where we are.“

All NATO members, including Canada, agreed in 2014 to work toward spending the equivalent of two per cent of their GDP — a standard measurement of a country's economic output — on defence within the next decade.

The promise followed complaints from the U.S. about burden-sharing among allies and broader concerns about new threats from Russia and China as the two countries increased their own military spending.

NATO and the U.S. have repeatedly criticized Canada for not meeting the target, with President Donald Trump in December calling Canada “slightly delinquent” during a meeting with Prime Minister Justin Trudeau.

His predecessor, Barack Obama, also called out Canada over its defence spending during an address to Parliament in 2016. The U.S. spends more than any other NATO member on defence, both in terms of raw cash and as a share of GDP.

NATO Secretary-General Jens Stoltenberg on Wednesday said the continued importance of increasing military spending would be discussed when defence ministers from across the alliance meet this week.

The NATO figures show that Canada is poised to spend 1.45 per cent of its GDP on the military this year. That is not only a big jump from the 1.29 per cent last year, but the largest share of the economy in a decade.

It also exceeds the government's original plan, laid out in the Liberals' defence policy in 2017, to spend 1.4 per cent of GDP on the military by 2024-25. That is when NATO members were supposed to hit the two-per-cent target.

Yet the figures show the expected increase isn't the result of a new infusion of cash for the Canadian Armed Forces this year as spending is expected to hit $30 billion, up just over $1 billion from 2019.

Rather, NATO predicts Canadian GDP will shrink by about eight per cent this year as COVID-19 continues to ravage the economy.

The fact Canadian defence spending is expected to remain largely steady despite the pandemic is noteworthy, particularly as there have been fears in some corners about cuts to help keep the federal deficit under control.

The NATO report instead appears to lend further credence to recent assertions from Defence Minister Harjit Sajjan, Defence Department deputy minister Jody Thomas and others that the Liberals are not readying the axe.

Canada also remained 21st out of 29 NATO members in terms of the share of GDP spent on the military as other allies also got a surprise boost from the economic damage wrought by COVID-19.

At the same time, Perry said the government has yet to lay out a timetable for when it plans to meet the two per cent target. Military spending is instead expected to start falling after 2024-25, according to the Liberal defence plan.

Despite having agreed to the target during the NATO leaders' summit in Wales in 2014, successive Canadian governments have repeatedly described the NATO target as “aspirational.”

This report by The Canadian Press was first published Oct. 21, 2020.

https://www.thestar.com/news/canada/2020/10/21/canada-jumps-closer-to-military-spending-target-thanks-to-covid-19s-economic-damage.html

On the same subject

  • Leonardo’s AW139 supporting COVID-19 operations in Canada

    May 28, 2020 | Local, Security

    Leonardo’s AW139 supporting COVID-19 operations in Canada

    Posted on May 28, 2020; by Leonardo Helicopters During the spread of COVID-19, Leonardo has seen operators of its aircraft adapt, react and overcome the challenges posed by the pandemic across geographies. Air ambulance operators Ornge and STARS have managed to continue conducting life-saving missions across Canada throughout the emergency. Both of these healthcare organizations have shared with Leonardo how they were adapting to the ‘new normal' and how the Leonardo AW139 helicopter has been supporting their patient transportation missions during these difficult times. STARS serves Western Canada, catering to remote areas and communities as well as highways and passenger transportation. The provinces STARS operates in includes Alberta, Saskatchewan, and Manitoba. The air ambulance operator is seeing around 12 per cent of its missions involve patients with influenza-like illnesses, which may include COVID-19. “Our team has adapted very well to the challenges posed by COVID-19. We have undertaken significant efforts to develop and train crews on enhanced procedures and secure supplies of critical equipment to protect our crews,” said Mike Haska, director of marketing and communications at STARS. Ornge also shared similar sentiments and emphasized how the great people behind these organizations are ensuring it is business as usual despite these trying times. “Like every healthcare organization, the health and safety of Ornge staff and patients is our top priority. Ornge staff have adapted to the pandemic and helped implement a number of innovative solutions including enhanced telemedicine support, an expanded critical care land ambulance program and more,” said Joshua McNamara, public relations officer at Ornge. Ornge is a vital lifeline to the people of Ontario and its AW139 fleet, comprising of a dozen helicopters alongside aircraft and land ambulances, performs duties from one of 12 bases across the province. Both operators are adhering to guidelines and directives from the provinces' health authorities as well as Transport Canada regulations. The twin-engine AW139 is operated around the world and, in September 2019, the 1,000th helicopter of the type was delivered. The helicopter is an ideal EMS platform with its spacious and configurable cabin which can accommodate up to 15 people. “The AW139 is a state of the art aircraft allowing Ornge to access patients in remote locations. Additionally, the AW139 travels faster and allows our crews to transport patients safely due to state of the art navigation and on board technology,” added McNamara. “The range, speed, and versatility of the aircraft allow us to respond to a variety of types of patient transports, which is critical as we respond to COVID-19 and non-COVID-19 patients across the province.” Within the STARS fleet portfolio are three AW139s, alongside other aircraft, which enable the air ambulance operator to operate 24-7. “The AW139 is a modern and capable helicopter for EMS operations. We continue to see steady mission volumes across our bases so ensuring we are ready to respond to patients in need, whether their medical circumstances involve COVID-19 or not, is crucial,” Haska commented. The AW139 has been adapted to the challenges posed by the pandemic — not only are the crew more adept and learned with wearing PPE but they have adapted the helicopter's configuration and equipment placement within each aircraft to suit the mission, Haska explained. He continued that “select equipment or supplies [can] be off-loaded prior to responding to a COVID-19 positive or suspected patient to reduce the amount of decontamination required post-mission.” STARS' air medical crews are extremely experienced and highly trained to deal with many types of infectious diseases, so the team's existing processes were able to deal with the COVID-19 threat well. However, the frequency has increased by which the crews use PPE such as masks, gowns and gloves on all types of missions during this time. “This is to ensure our staff are not required to self-isolate in the event a patient is later found to have been COVID-positive. This helps us ensure we can maintain 24-7 operations across our bases,” explained Haska. This approach is similar to Ornge which has enhanced its cleaning to high touch areas. “Leonardo has provided Ornge with instruction for approved methods of disinfection in the cockpit and cabin for the AW139. The company remains supportive and responsive and continues to provide seamless support for maintenance activities since the onset of COVID-19,” said McNamara. “We're also grateful that, as the world faces a strain on the supply chain due to numerous requests and organizational shutdowns, Leonardo's supply chain remains uninterrupted and Ornge continues to receive the necessary parts to maintain our aircraft.” As operators like STARS and Ornge continue to meet the threat of COVID-19 head-on, Leonardo plays a key role in the work of the air ambulance services and the crucial role they play in transporting people by providing and supporting helicopters which undertake life-saving missions around the world, day after day. https://www.skiesmag.com/press-releases/leonardos-aw139-supporting-covid-19-operations-in-canada/

  • Remarks by Minister Anand for the CDAI Ottawa conference on security and defence - a Canadian Armed Forces ready for tomorrow

    March 16, 2023 | Local, Other Defence

    Remarks by Minister Anand for the CDAI Ottawa conference on security and defence - a Canadian Armed Forces ready for tomorrow

    Speech Members of the Diplomatic Corps, Senators, Members of the House of Commons, General Eyre, Members of the Canadian Armed Forces, Distinguished guests from around the world. Good morning. Bienvenue. And welcome to Ottawa. I would like to sincerely thank Executive Director Youri Cormier and everyone at CDAI for giving me the opportunity to speak to you. Friends, we gather today at an inflection point. The international rules that have preserved peace, stability, and democracy for decades are under direct threat, as Putin’s full-scale invasion of Ukraine enters its second year. Putin thought that Kyiv would fall. He thought he could use this winter to conquer Ukraine. He thought that Europe would freeze in the dark.  And he thought that NATO would fracture. But he was wrong. The NATO alliance has only become stronger. Winter in Ukraine is almost over. Amidst the rubble, spring flowers are beginning to bloom in Ukraine. And, the Ukrainian flag continues to fly overhead. In the face of Putin’s imperial illusions, the strength, hope, resilience and determination of the Ukrainian people are inspiring the world. Canada has stood in solidarity with Ukraine from the beginning. We have committed over one billion dollars of military aid for Ukraine – including, most recently, eight Leopard 2 main battle tanks, over 200 armoured vehicles, and a NASAMS air defence system. We have trained thirty-five thousand Ukrainian personnel under Operation UNIFIER, And earlier this week, we announced that we are extending Canadian training of Ukrainian sappers in Poland through to October and deploying an additional team of Canadian Armed Forces medical personnel to Poland, where they will train Ukrainian forces in advanced tactical medical skills. And I would like to recognize General Wayne Eyre, our Chief of the Defence Staff, who has just returned from visiting our personnel deployed on Operation UNIFIER. Thank you, Chief, for your leadership. We are also supporting Ukraine by deploying the Royal Canadian Air Force to Prestwick, Scotland, a hub from which our aviators have transported over seven million pounds of Ukraine-bound military aid within Europe, from Canada, and on behalf of our Allies and partners. Their unwavering dedication is exemplified by their motto – Can’t stop, won’t stop – and that’s a motto that we believe in too.But let’s be clear: while Ukraine’s fight for freedom and sovereignty remains the focus, the security challenges do not end with Europe. China is an increasingly disruptive global power. It increasingly disregards international rules and norms, and it is making large-scale investments to establish its military capabilities. As China continues to militarize that region, it is also challenging navigation and overflight rights, and it has engaged in coercive diplomacy. Canada must, and will, unapologetically defend our national interests, as we outlined in our Indo-Pacific Strategy. In order to respond to global challenges like these, and protect Canadian interests both at home and abroad, we need to build a Canadian Armed Forces ready for tomorrow – and this is what I’m here to discuss. How do we ensure that we are ready for tomorrow? We start with our people, who must be protected, respected, and empowered to serve when they put on their uniform every day. As such, my top priority continues to be meaningful, durable, and robust culture change across our institution. Culture change is a team effort, and I salute the many culture change champions here today. Being ready for tomorrow also involves recapitalizing. And we are focused on providing the Canadian Armed Forces the equipment that they need to do their jobs and defend Canada. As part of our Strong, Secure, Engaged defence policy, we have committed to increasing our military spending by more than 70% in nine years. Last year, and as the world changed before our eyes, we knew we needed to go further. That’s why, through Budget 2022, we added eight billion dollars in new defence spending over five years. With these investments, we are modernizing our capabilities across all domains – and this is a definite priority for me as Minister. We are signing contracts, finalizing procurements, moving faster, and pushing harder, to deliver our personnel the materiel, resources, and equipment that they need to do their jobs and protect Canada. And, ultimately, we are building a Canadian Armed Forces that will be ready for tomorrow. Let me start with the Air Force. We’re ensuring that the Royal Canadian Air Force is ready for tomorrow. As I announced in January, Canada is acquiring a new fleet of eighty-eight F-35 fighter jets. These state-of-the-art aircraft are the best fighters for Canada, and they will solidify our ability to protect Canada for decades to come. Our investments in the Royal Canadian Air Force include not only aircraft, but also the infrastructure required for these aircraft at both the Cold Lake and Bagotville bases. That’s not all. One of our Air Force’s most important missions is the protection of the North American continent – and that’s why, in June 2022, we announced Canada’s plan to modernize NORAD, backed by an investment of 38.6 billion dollars over the next two decades. This plan invests in: Arctic and Polar Over-the-Horizon radar, C2, air weapons, infrastructure, research, and development. And, as we make these investments, we will work hand-in-hand with Indigenous and Northern partners, to ensure that the economic benefits are shared from coast to coast to coast. And at sea? We’re building a Navy that’s ready for tomorrow. We continue the work of delivering a new fleet of 15 Canadian Surface Combatants for our Navy, with the project now in its design phase and construction expected to begin next year. This is the largest modernization of our naval fleet in decades, and it will ensure excellent interoperability with our allies. On land, we are building a Canadian Army that’s ready for tomorrow. We are equipping the Canadian Army with a new and modern fleet of 360 Armoured Combat Support Vehicles, replacing the current LAV II Bisons and M113 Tracked LAV fleets. This fleet will serve as ambulances, mobile repair and vehicle recovery vehicles, as well as engineer support vehicles and command posts, for both domestic and international operations. But, we know that there are several crucial capabilities that we need to move ahead with – faster. Canada’s largest foreign military deployment is on NATO’s eastern flank, in Latvia, and our troops must have the equipment that they need to protect themselves and do their jobs. And that is why today, I am delighted to share with you that we are proceeding with three procurements as Urgent Operational Requirements – or UORs. Through this accelerated procurement mechanism, we will rapidly deliver the following equipment for our Canadian Armed Forces. First: Portable Anti-Tank Guided Missile systems – capable of providing targeted strikes against armoured threats. This project will provide PAXM systems including missiles, simulators and associated support to empower the Canadian Armed Forces with training and the capability to effectively destroy main battle tanks. Second: a Counter Un-crewed Aerial System capability, to provide protection against hostile un-crewed aerial vehicles – and this capability, too, will help protect our personnel deployed in Europe. And third: a short-range Air Defence System, which will also be capable of defeating attack aircraft and Class 1 un-crewed aerial systems in the context of the Canadian-led, enhanced Forward Presence Battle Group in Latvia. Today, I am delighted to announce that we are proceeding with three procurements as Urgent Operational Requirements. Through this accelerated procurement mechanism, we will rapidly acquire the following: Anti‑Tank Guided Missile systems, a Counter Un-crewed Aerial System capability, and a short‑range Air Defence System. These projects will better equip our Canadian Armed Forces members deployed on NATO’s Eastern Flank with the capabilities that they need. Canada’s leadership of the NATO Battle Group in Latvia demonstrates our unwavering commitment to the Alliance. And these new capabilities will further bolster the security of Allied troops under Canadian command on NATO’s Eastern Flank.           As we continue to equip our people in the traditional domains, we must also be laser-focused on emerging domains like space – and we must ensure that we are ready for tomorrow. Last summer, I ordered the creation of 3 Canadian Space Division. This reorganization of the Canadian Armed Forces serves to facilitate decision-making on matters related to the protection of Canadian assets in space. It will help us observe and attribute irresponsible behaviour in space and allow us to continue to establish common standards of responsible behaviour. It also allows Canada to further its collaboration with partnered and allied armed forces such as France, the United States, the United Kingdom, Australia, New Zealand and Germany. Space is crucial to our national security. Canada uses military and civilian assets in space, including GPS and communications systems. If those assets are threatened by adversaries, we risk losing our cell phone services, our banking, our internet, and our navigation systems. It is critical that we are aware of what’s happening in the space domain, so that we can monitor adversaries, support our allies, and safeguard our interests. Today, I have some exciting news to share in this regard. I’m thrilled to announce that we have awarded a contract for a new agile microsatellite designed, built, and operated in Canada. Thanks to a Federal investment of 15.8 million dollars, the Redwing Space Domain Awareness Microsatellite project, will monitor objects orbiting the earth, to help reduce future risks to Canada’s space infrastructure from space debris or human-caused interference. Design, manufacturing and operations will be led by Magellan Aerospace in Winnipeg, Manitoba. And, ground stations will be located in Inuvik, Northwest Territories and Happy Valley Goose Bay, Newfoundland and Labrador. When launched in late 2026, this research and development satellite system will identify and help to reduce risks to Canada’s space infrastructure from space debris and human-caused interference. Why does space domain awareness matter? In November 2021, Russia decided to fire a missile into one of its own old satellites as part of its anti-satellite weapons testing. The over fifteen hundred pieces of debris generated by the strike are contributing to the pollution of the low-earth orbit and endangering our assets. Countries like Russia are demonstrating recklessness in the space domain – but Canada, for its part, will always act responsibly in space. And finally, but no less importantly, let me touch on the cyber domain. The cyber domain is here to stay. It will shape the conflicts of today and tomorrow, and Canada will remain ready to protect itself, now and tomorrow. Last winter, we saw Russia disrupt the Viasat KA-SAT Satellite internet service, which rendered critical infrastructure for Internet and communications inoperable in Ukraine and elsewhere in Europe. Canada have the capabilities to help our allies and partners in Europe, and we are doing so. In support of Ukraine, we provide cyber intelligence and threat analysis, cyber security, and are engaged in cyber operations. Outside of Ukraine, we have been supporting Latvia with a Cyber Task Force since last year – to help protect our Allies, and protect our NATO Allies against aggression in the cyber domain. Friends, that is what we are doing in five crucial domains to build a Canadian Armed Forces ready for tomorrow. And to help us in these efforts, we are updating our 2017 Defence Policy to better reflect our rapidly changing world. It is critically important that we get this right, which is why we have been engaging stakeholders across Canada, as well as our Allies and partners, to inform our way forward. Today, we’re launching public consultations with all Canadians on our Defence Policy Update – or DPU. We have launched a new digital platform where Canadians can learn more and share your ideas for the DPU – and I invite you all to contribute online. We want to hear from you on how to recruit and retain talented Canadians, how to create sustainable cultural change, how to meet the needs of Canadians in the event of a natural disaster, and much more. This consultation process also includes targeted discussions with: Indigenous and Northern communities and leaders, who are integral partners in safeguarding Canada’s Arctic sovereignty. NATO Allies, Five Eyes partners, and other like-minded countries. And of course, Canadian industry representatives, defence and security companies, national security experts and scholars . Our Canadian defence industry is innovative, dynamic, and bold. You engineer the impossible. And you help us maintain a strategic edge over our competitors. So, we see you as key partners in our work to modernize. We must also remember that Canada’s economic prosperity is fundamentally linked with our national security. Therefore, we must ensure the stability of our supply chains, and uphold our resiliency by strengthening our ties to our closest partners. Our investments will provide tremendous economic opportunities for Canadian businesses and workers. And by working together, I am confident that we can address the threats of today and anticipate those of tomorrow. Friends, We are at an inflection point in the history of conflict. And that is why there is an urgent to build a Canadian Armed Forces ready for tomorrow. For much of history, a military’s effectiveness was characterized by a steady accumulation of strength – simply having a bigger arsenal. However, today’s era of military competition is also defined by speed, agility, and interoperability. In a changing world, we are ensuring that our military has what it needs for tomorrow. The urgent procurement of Portable Anti-Tank Guided Missile systems, a Counter-UAS capability and a short-range Air Defence System will strengthen our abilities in the traditional domains of conflict. And, for emerging domains like space, the Redwing Microsatellite contract award announced today will enhance our awareness and reduce risks to Canada’s assets in space. We know, to stay agile, we must be prepared to push back against threats in all domains, sometimes all at once. Let me conclude by addressing our military members directly: You are at the heart of our work to protect Canada. And we are acting quickly to give you the tools you need to do your job. Modernization involves not just the members of our military, but our industry partners, our friends in academia and think tanks, Indigenous partners, and Canadians. National security is a team endeavour. And we are all part of Team Canada. Together, we will build a Canadian Armed Forces ready for tomorrow. I wish you all a productive conference, and I look forward to hearing more about your important, forward-thinking conversations. Thank you. Merci. https://www.canada.ca/en/department-national-defence/news/2023/03/cdai-ottawa-conference-on-security-and-defence---a-canadian-armed-forces-ready-for-tomorrow.html

  • exactEarth and MarineTraffic Announce Channel Partner Agreement

    June 13, 2019 | Local, C4ISR

    exactEarth and MarineTraffic Announce Channel Partner Agreement

    CAMBRIDGE, ON and ATHENS, Greece, June 13, 2019 /CNW/ - exactEarth Ltd. ("exactEarth") (XCT:TSX), a leading provider of Satellite-AIS data services, and MarineTraffic, a leading global provider of ship tracking and maritime intelligence, announce that they have entered into a three-year channel partner agreement (the "Agreement"). Under terms of the Agreement, MarineTraffic will deploy exactEarth's exactView RT data into its online maritime services products to help bring real-time, business-critical and actionable vessel information to maritime industry participants. exactView RT consists of 58 operational payloads and seven orbital spares that were designed and built by Harris Corporation and that are hosted onboard the Iridium NEXT constellation of satellites, which is owned and operated by Iridium Communications Inc. exactView RT's advanced maritime payloads cover the entire maritime VHF radio band and leverage the unique cross-linked architecture of the Iridium NEXT satellite constellation to deliver AIS and other vessel-based VHF data services from more than 500,000 vessels, anywhere on the globe, relaying that data securely to customers in real-time. MarineTraffic owns the world's preeminent ship-tracking website, which attracts approximately six million unique visitors per month. The company operates 2,000 AIS stations in more than 165 countries around-the-world, delivering the most comprehensive AIS coastal tracking facility available today. For companies in the maritime sector, MarineTraffic is a preferred tool for fleet management, alert and notification systems, vessel particulars, port statistics and actionable intelligence through API. "MarineTraffic is a leading provider of vessel movement information services and we look forward to contributing to their ongoing efforts to enhance their customer experience," said Peter Mabson, President & CEO of exactEarth. "This Agreement opens-up another channel for our Satellite-AIS data services and is a further positive indication of the response we have received from customers, prospects and partners regarding the real-time functionality of exactView RT. With its superior vessel detection, rapid update rate and reliability, exactView RT is becoming a "must-have" data source on major data platforms throughout the maritime industry." Argyris Stasinakis, Partner Business Development, MarineTraffic said, "The addition of exactEarth's high resolution, real-time AIS data means that MarineTraffic is now the go-to source for any professional seeking the most comprehensive view of shipping movements. Users of our platform exploiting our ocean coverage services will see enhanced functionality thanks to the higher frequency, coverage and less than one-minute latency delivered by the exactView RT satellite constellation. This means that our popular predictive services will be more accurate than ever before, allowing our customers to monitor and plan more precisely." About MarineTraffic With headquarters in Athens and international offices in the UK and Singapore, MarineTraffic is the global ship tracking and maritime intelligence provider. Leveraging AIS technology, MarineTraffic is at the forefront of a movement taking shipping into a new digital era. The company's range of services deliver increased transparency to the shipping markets through the provision of high-quality data for analysis, which supports forecasting and informed decision making. MarineTraffic receives analyses and stores millions of vessel positions every day. This data is collected through the world's most extensive network of AIS stations before being enriched to deliver business-critical information. Current positions and vessel's tracks are displayed on a Live Map, with historical positions, vessel details, port conditions and statistics being made available throughout the website. www.marinetraffic.com About exactEarth Ltd. exactEarth is a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. Since its establishment in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite-AIS and has delivered to its clients a view of maritime behaviours across all regions of the world's oceans unrestricted by terrestrial limitations. exactEarth has deployed an operational data processing supply chain involving a constellation of satellites, receiving ground stations, patented decoding algorithms and advanced "big data" processing and distribution facilities. This ground-breaking system provides a comprehensive picture of the location of AIS equipped maritime vessels throughout the world and allows exactEarth to deliver data and information services characterized by high performance, reliability, security and simplicity to large international markets. For more information, visit www.exactearth.com Forward-Looking Statements This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements may include financial and other projections, as well as statements regarding exactEarth's future plans, our ability to continue as a going concern, objectives or economic performance, or the assumptions underlying any of the foregoing, including statements regarding, among other things, expectations of our exactView RT offering relative to competitors, timing of the achievement of real-time global vessel tracking via our second-generation constellation, timing expectations with respect to launch of satellites, expectations of the exactView RT capabilities driving growth, growth opportunities for the Company in the maritime information services market and the cost and revenue share in connection with the Harris Agreement. exactEarth uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by exactEarth in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors exactEarth believes are appropriate under the relevant circumstances. However, whether actual results and developments will conform to exactEarth's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause exactEarth's actual results, historical financial statements, or future events to differ materially from those expressed or implied by the forward-looking statements contained in this news release. These factors include, without limitation: uncertainty in the global economic environment; fluctuations in currency exchange rates; delays in the purchasing decisions of exactEarth's customers; the competition exactEarth faces in its industry and/or marketplace; the further delayed launch of satellites; the reduced scope of significant existing contracts; and the possibility of technical, logistical or planning issues in connection with the deployment of exactEarth's products or services. https://www.newswire.ca/news-releases/exactearth-and-marinetraffic-announce-channel-partner-agreement-865863568.html

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