Singapore public-listed company Addvalue Innovation has announced that two of its products – the iFleetONE maritime satellite communications terminal and its Vessel Monitoring System (VMS) – have been type approved by the US National Marine Fisheries Service (NMFS) Office of Law Enforcement (OLE).
This allows Addvalue to install its iFleetONE terminal in fisheries of the Western United States, Alaska, the Western and Central Pacific, and the Hawaiian island chain.
iFleetONE operates on the Inmarsat global Alphasat and I-4 satellite network, and is designed for small and medium-sized fishing and leisure vessels.
Dr Colin Chan, Chairman and CEO of Addvalue remarked: “Unlike the commercially available VMS terminals currently used in the US and in other global VMS programs, the Addvalue iFleetONE VMS is the first-of its-kind broadband terminal available for the highly regulated Fisheries VMS markets in the US today. Riding on this success, we will customise our solution to meet the needs of other fisheries management applications globally, especially in the Asian region. Barring any unforeseen circumstances, we expect the hardware sales and the VMS subscription revenue to grow significantly from this year and beyond.”
Mr Ronald Spithout, President of Inmarsat Maritime, “This is a ground-breaking moment in regulated fisheries VMS development as this is the first IP high-speed terminal to receive approval. We congratulate Addvalue on their work with NMFS and look forward to promoting this jointly in the market.”
