STOCKHOLM, March 30, 2017 /PRNewswire/ -- Aerial & Maritime Ltd ("A&M") an associated company of GS Sweden AB ("GomSpace" or the "Company") has entered into a mutual Data Service Agreement with the Spanish company AISTECH Srl. ("AISTECH"). The term of the agreement is 5 years and the first data delivery is expected in 2018. The total value of the agreement is depending on several options to be activated throughout the contractual period, such as different data packages and size of data, and will therefore range between a value of 1 to 8 million EUR for A&M and between 1 to 4 million EUR for AISTECH.
Both parties will gain access to ADS-B data for monitoring commercial aircraft as well as AIS data for monitoring vessels, respectively, from the other party's constellation of satellites. The agreement will give both parties early access to data from outside of their initial satellite coverage area, which will enable both parties to offer a vastly improved service to their respective customers.
For more information, please contact:
Niels Buus (CEO)
Tel: +45 40 31 55 57
This information was brought to you by Cision http://news.cision.com
The following files are available for download: