BRIEF-ExactEarth enters partnership agreement with EV Image Inc

Mon May 9, 2016 7:16am EDT
 
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May 9 (Reuters) - ExactEarth Ltd

* Has entered into a partnership agreement with EV Image Inc

* Under terms subsidiary will have exclusive rights to distribute exactEarth's advanced satellite AIS services in China

* Rights in selected market segments to distribute co's advanced satellite AIS services in China for a 6-year period, beginning in May 2016

* EV image will pay exactEarth a base amount of USD $8.5 million over agreement's six-year term Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)