Increasing piracy in certain parts of the world is boosting business for Pole Star Space Applications. The London-headquartered company provides an extensive range of commercial marine services, including fleet management and long-range identification and tracking technology. In recent years, sales of its satellite-enabled ship security-alert systems, vessel-tracking and counter-piracy services have been growing rapidly. Pole Star reports that its systems support more than 24,000 vessels across more than 1,200 shipping companies and 38 governments. The company’s international sales have risen by 53% a year, from £3.5m in 2008 to £8.1m in 2010.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.