Spire Global - Experts & Thought Leaders

Kpler, a data and analytics platform for trade intelligence announced its acquisition of Spire Maritime, a prominent provider of satellite-powered data for real-time global vessel tracking. This strategic move aims to enhance Kpler’s maritime coverage and deliver unmatched insights into global vessel movements and shipping logistics. Real-time visibility and analytics Mark Cunningham, CEO of Kpler, emphasised the impact of this acquisition, “By acquiring Spire Maritime, we will materially improve our satellite AIS offering which together with our comprehensive terrestrial AIS network, significantly enhances real-time visibility and analytics for the maritime and commodity markets." "This will provide our clients with a clearer view of developments across maritime and commodity markets, to support better decision-making in a globally interconnected economy.” Real-time data and analytics Kpler will expand its data reach, offering comprehensive visibility across open oceans By integrating Spire Maritime’s technology and AIS feed, Kpler will expand its data reach, offering comprehensive visibility across open oceans. This acquisition further strengthens Kpler’s commitment to delivering superior real-time data and analytics to its clients, supporting informed, data-driven decision-making across the global supply chain. High-quality data François Cazor, Executive Chairman of Kpler, highlighted the financial and strategic benefits, stating, “This acquisition not only provides us with high-quality data that enhances our ability to deliver maximum value to our clients, but it will also enable us to significantly expand our maritime business." "We remain focused on reaching $1 billion of ARR in the coming years, which will involve us expanding into new products and verticals, as well as pursuing strategic mergers and acquisitions.” Digitalisation of the maritime industry Peter Platzer, CEO of Spire Global, commented on the transaction's broader impact, adding, “This transaction positions our maritime business as part of a global organisation focused on the digitalisation of the maritime industry, which we expect will benefit both our customers and team members.” Platzer added, “This move further focuses Spire Global on our core mission: helping humanity tackle climate change and global security challenges and now, we are even better equipped with the resources, technology, and experience to serve our customers, whether through our advanced data solutions or empowering them with our sophisticated space services offering.” Acquisition of Spire Maritime The acquisition of Spire Maritime marks another significant step in Kpler's strategic path, further enhancing its position as a global leader in the trade intelligence markets. The transaction is expected to close by the first quarter of 2025, subject to satisfying customary closing conditions.

Spire Global, Inc. (‘Spire’ or ‘the Company’), a global provider of space-based data, analytics and space services, was awarded a CA $1.41 million contract by the Government of Canada (GoC) for the provision of global automatic identification system (AIS) ship tracking data. The one-year contract includes options for two additional years, extending the total potential contract value to nearly CA $4.23 million. Spire Global secures contract for ship tracking data “We are proud to continue our partnership with the Government of Canada, providing them with our AIS data services to gain unrivaled coverage of the open ocean and shores,” said John Lusk, General Manager of Maritime, Spire. John Lusk adds, “This contract reflects the trust that government agencies worldwide place in our technology and our commitment to delivering reliable, near real-time data that meets their stringent requirements.” Spire to share its real-time global ship tracking data Under the contract, Spire will share its real-time global ship tracking data, providing unparalleled visibility in both open oceans and high-traffic zones. The Company will also provide historical AIS data as well as its AIS position validation capabilities, which leans on its expertise in radio frequency geo-location to determine the true location of a ship even when its signal is manipulated. The data will be used by a variety of agencies and departments within the Canadian government, including the Canadian Space Agency, the Department of National Defense, Transport Canada, and the Canadian Coast Guard. Spire offers the highest volume of AIS messages tracked by satellite.

Spire Global., Inc., a global provider of space-based data, analytics and space services and Signal Ocean, a pioneer in shipping technology, have agreed to partner to drive digitisation of the maritime economy. Under this agreement, Spire and Signal Ocean will partner to leverage their respective strengths. Spire will contribute its unique, proprietary datasets, relevant for precise monitoring of the maritime domain.  New innovative solutions Signal Ocean will bring its best-in-class expertise in artificial intelligence (AI), machine learning Signal Ocean will bring its best-in-class expertise in artificial intelligence (AI), machine learning and natural language processing to create new innovative solutions to propel the digitalisation of the maritime economy while enhancing global security and transparency in our oceans. “Signal, as a group, brings deep knowledge of the maritime domain gained over years through the operation of commercial ships, the development of proprietary analytics tools and its multiple, successful investments across shipping, logistics and the commodities space,” said Peter Platzer, CEO of Spire Global. He adds, “We’re thrilled to leverage Signal’s expertise in combination with Spire’s unique data capabilities to drive meaningful innovation that transforms the way we understand and navigate the maritime domain.” Adoption in the maritime sector “We look forward to deepening our partnership with Spire, a pioneer in space technology and an established provider of fundamental data for the maritime sector with a global, cross-sector reach,” said Ioannis Martinos, CEO of The Signal Group, adding “Our core belief is that technology adoption in the maritime sector is accelerated through a well-linked technology ecosystem that leverages synergies to the ultimate benefit of our users.” On February 4, 2024, Spire and Signal Ocean Ltd (“Signal Ocean”) entered into a securities purchase agreement (the “SPA”) for the issuance and sale of 833,333 shares (“Shares”) of the Company’s Class A common stock to Signal Ocean at a price of $12.00 per share (the “Private Placement”).  Shares for resale The Private Placement closed on February 8, 2024 (the “Closing”), resulting in gross proceeds to Spire of $10 million. The Company also agreed to prepare and file a registration statement registering the shares for resale under the Securities Act of 1933, as amended, within 30 days of the Closing.