exactEarth Invests in Satellite 'Internet-of-Things' Technology Company

exactEarth Ltd., the leading provider of Satellite AIS data services, announced today that it is investing AUD $2M to secure a minority ownership position in technology company, Myriota Pty Ltd of Adelaide, Australia . The business focus of Myriota is to utilise advanced signal processing Intellectual Property developed at the University of South Australia (UniSA) in order to develop advanced terminals, infrastructure and applications for the fast growing Satellite Internet of Things (SIoT) global market. This core IP has been developed to create a disruptively low-cost solution for this marketplace which will have the capability of supporting many millions of global users. Myriota is particularly focused on the location tracking and sensor data applications markets. In addition to exactEarth the other shareholders of Myriota are UniSA Ventures and founders Dr. Alex Grant and Dr. David Haley , who while at UniSA led the team who developed this ground-breaking technology. Myriota intends to use exactEarth's global satellite infrastructure for its space segment and aims to demonstrate initial applications within the next year.