VANCOUVER, Nov. 25, 2013 /CNW/ - UrtheCast Corp. (TSX:UR) ('UrtheCast'
or 'the Company') is extremely pleased to announce that the Progress
53P cargo ship carrying UrtheCast's cameras has now reached orbit,
following a successful launch from Kazakhstan's Baikonur Cosmodrome.
Travelling aboard a Soyuz rocket, UrtheCast's two cameras — the world's
first 1-Metre Class, high-resolution Earth video camera and one
medium-resolution imaging camera — are scheduled to arrive at the
International Space Station (ISS) on November 29.
"This is the biggest milestone UrtheCast has achieved thus far,"
explained co-founder, President and Chief Operating Officer, Wade
Larson. "I want to thank everyone who has made this a reality,
including everyone at UrtheCast and our strategic partners; Roscomos,
RSC Energia, Rutherford Appleton Laboratories, and MacDonald, Dettwiler
Further progress will be shared regarding the docking of the Progress
53P cargo ship to the ISS and the cameras' installation, as those
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is
developing the world's first near-live high-definition 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 ISS. Video and still
image 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. Common shares of
UrtheCast trade on the Toronto Stock Exchange as ticker 'UR'.
For more information visit our website at www.urthecast.com.
Forward Looking Information
This release contains certain information which, as 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 timing and
success of the mounting of our cameras on the ISS and commissioning,
plans to operate camera components on, and stream video footage from,
the ISS, proposed image and video product offerings and expected
partners and customers to distribute such products. 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 UrtheCast's actual
results, performance or achievements to be materially different from
those expressed or implied thereby, including, but not limited to,
damage to the cameras during launch or once mounted on the ISS,
unexpected changes in Russian or Canadian government policies,
technology changes, reliance on key personnel, the potential for
conflicts of interest among certain officers, directors or promoters
with certain other projects, competition, risks related to the business
activities of Longford Energy Inc. prior to the Transaction, as well as
those factors discussed in the Company's annual information form dated
November 14, 2013, (the "AIF") 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 AIF,
and as otherwise disclosed from time to time on UrtheCast's SEDAR
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 Canadian securities
laws. Readers are cautioned against attributing undue certainty to
SOURCE: UrtheCast Corp.
For further information:
Scott Larson, CEO
: +1 (604) 669-1788