March 31 (Reuters) - exactEarth Ltd XCT.TO :
* EXACTEARTH ANNOUNCES STRATEGIC DIVESTITURE OF SELECT SATELLITES TO MYRIOTA
* EXACTEARTH LTD - DIVESTITURE WILL RESULT IN NET CASH SAVINGS OF APPROXIMATELY $1.0 MILLION PER YEAR
* EXACTEARTH LTD - TRANSACTION HAS NO IMPACT ON COMPANY'S SATELLITE-AIS DATA SERVICE PERFORMANCE
* EXACTEARTH - ENTERED INTO AGREEMENT TO DIVEST 4 SATELLITES FROM ITS FIRST-GENERATION CONSTELLATION AND ITS GROUND STATION ASSETS TO MYRIOTA CANADA INC
* EXACTEARTH LTD - FOUR OF EXACTEARTH'S FULL-TIME PERSONNEL WILL CEASE EMPLOYMENT WITH EXACTEARTH AND WILL BECOME EMPLOYEES OF MYRIOTA CANADA