MADRID, Dec. 21, 2017 /CNW/ - UrtheCast Corp. and its subsidiary, the Earth Observation company Deimos Imaging, today announced the signing of an agreement with SI Imaging Services ("SIIS"), a leading provider of remote sensing satellite data and exclusive worldwide marketing and sales representative of the KOMPSAT series, for the mutual global distribution of their respective product portfolios.
The space assets of Deimos Imaging and SIIS include Deimos-1, Deimos-2 and the KOMPSAT series KOMPSAT-2, KOMPSAT-3, KOMPSAT-3A and KOMPSAT-5, resulting in a wide portfolio of X-band SAR and optical data in a wide range of resolutions, from 22 m to 0.4 m per pixel.
The combination of radar with very high-resolution optical imagery will allow observation of the Earth day and night, regardless of weather conditions, and is intended to provide a constant asset monitoring service. This is key for a wide range of applications, especially those requiring frequent monitoring over the same area of interest and real-time response, such as emergency services, border and maritime surveillance and defence and security.
Additionally, this collaboration is expected to provide customers with an exceptional level of decision making data, and to create a unique and crucial benefit for users in various sectors while strengthening the positions of both companies in their respective markets.
"We are delighted to be an authorized distributor for Deimos Imaging," said Mr. Wookhyun Choi, Vice President at SIIS. "This is a great opportunity to broaden our reach and widen our geospatial data distribution options, as we are introducing Deimos Imaging's imagery to our resellers while presenting KOMPSAT to their networks. This will allow us to provide our customers with more precise answers to their needs."
"We are very pleased to be partnering with SIIS as this collaboration supports and strengthens our data strategy to meet a growing range of customer needs by providing them with fast, customized and ready-to-use solutions", said Fabrizio Pirondini, CEO at Deimos Imaging. "This agreement confirms the importance of partnerships and alliances with other stakeholders to significantly accelerate decision making in a great variety of fields. In addition, this joint service increases our portfolio of sensors and our market reach with new geo-intelligence products thanks to the combination of SAR and very high resolution optical data."
The assets of SIIS now combine with the recent strategic partners aligned with Deimos Imaging, resulting in a multi satellite, multi resolution virtual constellation, to deliver imagery services and geo-analytic applications to customers globally. These strong partnerships are designed as 'win-win' to secure the success and sustainability of all the partners involved in the ever developing and growing Earth Observation industry.
Ana Isabel Martínez
+34 617 148 635
About SI Imaging Services (SIIS)
SI Imaging Services (SIIS) is the exclusive worldwide marketing and sales representative of KOMPSAT series KOMPSAT-2, KOMPSAT-3, KOMPSAT-3A and KOMPSAT-5.
The KOMPSAT (Korean Multi-Purpose Satellite) program is a part of Korean government's space development program, which aims at providing very high-resolution satellite imagery to national and international remote sensing society.
SIIS contributes Remote Sensing and Earth observation industries societies by providing very high resolution optical and SAR images through over 90 sales partners worldwide.
Customers from industries as well as government and international agencies are using KOMPSAT imagery for their missions and researches and achieve good results in several remote sensing applications such as mapping, agriculture, disaster management, and so on. SIIS started its business as a satellite image and service provider and extended its business to KOMPSAT operation.
UrtheCast Corp. is a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. The Company operates Earth Observation (EO) sensors in space, through its subsidiary Deimos Imaging, including two satellites, Deimos-1 and Deimos-2, to produce imagery data for partners and customers in multiple markets. UrtheCast processes and distributes imagery data and value-added products on behalf of the PanGeo Alliance, a network of seven satellite operators with a combined 13 medium- and high-resolution EO sensors. Additionally, UrtheCast is developing and expects to launch the world's first fully-integrated constellation of sixteen multispectral optical and SAR satellites, called OptiSAR™, and a satellite constellation designed to capture high-quality, medium- resolution optical imagery of the Earth's entire landmass (excluding Antarctica) every day, called UrtheDaily™. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker "UR".
Forward Looking Information
This release may contain certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Within this release forward-looking statements may include, without limitation, statements with respect to UrtheCast's future plans, strategies and objectives, timing of milestones, including in respect of the planned OptiSAR™ and UrtheDaily™ satellite constellations; the potential precursor program to the OptiSARTM Constellation; SIIS' plans; projected revenues, future trends, opportunities and growth in UrtheCast's industry; UrtheCast's ability to maintain and enhance its competitive advantages within its industry and in certain markets; new product functionality and suitability; projected operating expenses and capital expenditures. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance, timing, milestones or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, without limitation, any delays or failures in the design, development, construction, launch and operational commissioning of the proposed UrtheDailyTM and OptiSAR™ constellations; the Company being unable to adequately finance the development, building, launch and commission of the UrtheDailyTM and OptiSAR™ constellations, uncertainty on whether any unused capacity from the precursor SAR satellite will be available to UrtheCast; interruptions to or failures of UrtheCast's or SIIS' infrastructure; legal and regulatory changes or the prevention of the export of certain technologies related to the OptiSARTM Constellation by government regulators with jurisdiction over UrtheCast; the ability of UrtheCast to obtain qualified employees, contractors and subcontractors, as well as those factors and assumptions discussed in UrtheCast's annual information form dated March 27, 2017, (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 disclosed from time to time on UrtheCast's SEDAR profile. UrtheCast undertakes no obligation to update forward-looking statements except as required by Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
SOURCE UrtheCast Corp.