Global Spatial Technology Solutions Inc.

Global Spatial Technology Solutions Inc.

March 07, 2012 10:35 ET

GSTS Signs Trial Vessel Monitoring and Management Agreement

OTTAWA, ONTARIO--(Marketwire - March 7, 2012) - Global Spatial Technology Solutions Inc. ("GSTS"), a provider of Intelligent Maritime Solutions, has signed a trial agreement with Resolute Forest Products (TSX:ABH)(NYSE:ABH) to provide a maritime vessel management capability that will enhance the overall marine logistics efficiency and reduce the carbon footprint of vessels.

Under the agreement, GSTS will provide an in-depth analysis of vessel movement from port to port through the use of space based vessel-tracking data provided by exactEarth. "This is an exciting opportunity to develop a capability that could one day be used by exporters, shipping lines and ports not only in Canada but also around the world to increase operational efficiency and minimize emissions caused by excessive speeds and loiter times," stated Richard Kolacz, President and Co-founder of GSTS. "We are very pleased to be working with Resolute Forest Products, a company that has demonstrated sustainability leadership, particularly in the area of greenhouse gas reductions. Using global vessel data, we are able to provide companies and civil agencies with intelligent solutions for vessel monitoring and management at any point on the earth, including the Arctic regions," added Kolacz.

"We see this technology as an innovative approach that can result in increased efficiencies and enable Resolute to further reduce its carbon footprint," stated Richard Garneau, President and Chief Executive Officer of Resolute Forest Products.

Funding from the Federal Economic Development Agency for Southern Ontario through the Mitacs Enterprise program has supported the development of this capability through an award to GSTS.

GSTS is a wholly owned Canadian company registered in Alberta and Ontario focused on providing intelligent data solutions through the analysis of data from terrestrial and space based sensors. GSTS applications are focused on providing enhanced safety, security and operational capability in the maritime, environmental monitoring and oil and gas sectors. For more information visit our website at www.gsts.ca.

Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. Resolute owns or operates 18 pulp and paper mills and 23 wood product facilities in the United States, Canada and South Korea. Resolute Forest Products is a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them. For more information visit www.resolutefp.com.

Based in Cambridge, ON, exactEarth Ltd. is a data services company that leverages advanced microsatellite technology to deliver monitoring solutions characterized by high performance, reliability, security, and simplicity. exactEarth's service, exactAIS®, is a global vessel tracking and monitoring system based on world leading space-based advanced AIS detection technology. For more information, visit our website at www.exactearth.com.

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