VANCOUVER, July 9, 2013 /CNW/ - UrtheCast Corp. (TSX: UR) ('UrtheCast')
announces today that the Russian ISS Program has confirmed that
UrtheCast's two Earth monitoring cameras are scheduled to launch to the
International Space Station (ISS) on November 20, 2013 from the
Baikonur Cosmodrome in Kazakhstan, aboard a Russian Soyuz rocket, along
with a payload of space station supplies.
"Finalized placement on the Progress flight manifest is an exciting
milestone for UrtheCast. Not only is it a requirement prior to launch,
it is key to UrtheCast's mission," remarked Scott Larson, UrtheCast
President and CEO. "In the meantime, UrtheCast's camera development
remains on-track alongside the coordination of our ground station
network and the UrtheCast web platform."
Upon launch aboard a Russian Soyuz rocket, the UrtheCast cameras will
orbit the Earth in order to dock with the ISS, which orbits about 350
km above the Earth — a process that takes approximately 48 hours to
complete from launch to docking.
The directors of the Russian ISS Program re-scheduled the anticipated
launch date to accommodate the launch of the Olympic Torch into space
in connection with Russia's 2014 winter Olympic games. UrtheCast
understands that this will mark the first time the Olympic Torch has
entered open space, on a spacewalk. The Russian ISS Program has also
confirmed that the launch of UrtheCast's cameras will not be affected
by the recent Proton rocket failure, as the Soyuz mission utilizes an
independent launch pad.
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
More information can be found at www.urthecast.com [www.UrtheCast.com].
For further information:
President and Chief Executive Officer