Insider Brief:
- Spire Global was selected by OceanMind to extend its agreement in providing real-time automatic identification system vessel-tracking data.
- Spire has been providing AIS data to OceanMind since 2019.
- OceanMind aims to identify and prioritize suspected illegal fishing globally and deliver actionable insights to enforcement officials, streamlining their investigations.
PRESS RELEASE — Vienna, Virginia / July 11, 2023 — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was selected by OceanMind, a leader in marine enforcement and compliance, to extend its agreement in providing real-time automatic identification system (AIS) vessel-tracking data. Spire has been providing AIS data to OceanMind since 2019.
OceanMind supports fisheries enforcement officials, seafood buyers and non-governmental organizations to understand the compliance of fishing activities globally. By integrating Spire’s suite of AIS solutions into its platform, OceanMind aims to identify and prioritize suspected illegal fishing globally and deliver actionable insights to enforcement officials, streamlining their investigations.
According to the UN Food and Agriculture Organization (FAO) illegal, unreported and unregulated (IUU) fishing activities are responsible for the loss of 11–26 million tons of fish annually, an estimated economic value of $10–23 billion.
“Spire’s comprehensive AIS data suite serves as a keystone underpinning OceanMind’s mission to combat IUU fishing worldwide,” said Nick Wise, OceanMind CEO. “The breadth and depth of capabilities offered by Spire’s solution empower us to effectively notify fisheries authorities about non-compliance within their waters and help direct enforcement efforts to stop tainted catch from entering the supply chain. To date, we have verified over $600 million worth of tuna imports entering the global market.”
For more market insights, check out our latest space industry news here.
Contact Information:
For Media:
Sarah Freeman
Communications Manager
[email protected]
For Investors:
Benjamin Hackman
Head of Investor Relations
[email protected]
SOURCE: Business Wire
Featured image: Credit: Spire Global
Share this article:
