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 and Associates."
Further progress will be shared regarding the docking of the Progress 53P cargo ship to the ISS and the cameras' installation, as those events occur.
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 profile.
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 forward-looking statements.
SOURCE: UrtheCast Corp.
For further information:
Scott Larson, CEO : +1 (604) 669-1788