VANCOUVER, July 18, 2013 /CNW/ - UrtheCast Corp. (TSX: UR) ('UrtheCast')
announces that Wade Larson has been appointed President and Chief
Operating Officer of the company, effective immediately. Wade is a
co-founder of UrtheCast and, along with UrtheCast CTO Dr. George Tyc,
developed the original vision for the company back in 2009-2010.
Mr. Larson has over 18 years of space sector experience at the Canadian
Space Agency (CSA) and at MacDonald, Dettwiler and Associates (MDA),
Canada's largest space company. He has extensive, global experience in
space-related business development, strategy development, government
relations, international relations, and policy formulation. His
education includes an MBA from McGill University and studies at the
International Space University.
"Wade brings to his new position a wealth of experience in both
government and industry in the development of innovative value added
Earth Observation systems to meet client needs. His extensive
experience in space-based international cooperative programs augurs
well for UrtheCast as the company pursues national and international
partners and clients," commented UrtheCast Director and former CSA
President, Mac Evans.
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is
developing the world's first near-live HD video feed of Earth, from
space. Working with renowned aerospace partners from across the globe,
UrtheCast is building, launching, installing, and will operate two
cameras on the Russian segment of the International Space Station.
Video data captured by the cameras will be downlinked to ground
stations across the planet and displayed on the UrtheCast web platform,
or distributed directly to exclusive partners and customers.
UrtheCast's cameras will provide high-resolution video and imagery of
Earth that will allow for monitoring of the environment, humanitarian
relief, social events, agricultural land, etc. UrtheCast is in the
final stages of completing the assembly of two cameras that are
expected to launch into space in late 2013.
Forward Looking Information
This release contains certain information presented constitutes
"forward-looking information" within the meaning of applicable Canadian
securities laws. Forward-looking information involves statements that
relate to future events and often addresses expected future business
and financial performance, containing words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements that
an action or event "may", "might", "could", "should", or "will" be
taken or occur, or other similar expressions and includes, but is not
limited to, statements about the development and production schedule of
cameras suitable for mounting on the International Space Station
("ISS"), the expected launch date for UrtheCast's cameras to be
delivered to the ISS, plans to operate camera components on, and stream
video footage from, the ISS, and proposed image and video product
offerings. Forward-looking statements and information are subject to
various known and unknown risks and uncertainties, many of which are
beyond the ability of UrtheCast to control or predict, and which may
cause the UrtheCast's actual results, performance or achievements to be
materially different from those expressed or implied thereby,
including, but not limited to, technology changes, reliance on key
personnel, the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects,
competition, delays in launch schedules, unexpected changes in Russian
or Canadian government policies, as well as those factors discussed in
the section entitled "Risk Factors" in Appendix "A" of UrtheCast
(formerly Longford Energy Inc.) and Earth Video Camera Inc.'s Joint
Information Circular (the "Circular") dated May 10, 2013, which is
available under UrtheCast's SEDAR profile at www.sedar.com. Forward-looking information is developed based on assumptions about
such risks, uncertainties and other factors set out herein, in the
Circular, and as otherwise disclosed from time to time on UrtheCast's
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and
UrtheCast undertakes no obligation to update forward-looking statements
if these beliefs, estimates and opinions or other circumstances should
change, except as may be required by applicable securities laws.
Readers are cautioned against attributing undue certainty to
SOURCE: UrtheCast Corp.
For further information:
More information can be found at www.urthecast.com.
Chief Executive Officer