VANCOUVER, April 3, 2014 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast" or the "Company") is extremely pleased to announce its first release of Earth imagery, captured by UrtheCast's medium-resolution camera (MRC) onboard the International Space Station (ISS).
"This is a pivotal moment for the company and for everyone who's been a part of the vision that we set in motion in 2010," stated UrtheCast Co-founder and Chief Executive Officer, Scott Larson. "Our team has been working extremely hard to make certain that we reach this goal of democratizing a very powerful perspective on the world. We couldn't be more grateful to the incredibly determined engineering teams at UrtheCast, RSC Energia, and Rutherford Appleton Laboratories."
Captured on March 28, 2014, at 1pm GMT, this image is centered around the city of Moneague, Jamaica, and has a 6-meter GSD (Ground Sampling Distance). The photo is approximately 3200 x 8000 pixels, and covers approximately 300 square kilometers. The MRC is a multispectral, nadir-pointing imager that captures 6-meter class, 50-km wide swaths of still imagery, which will be made commercially available on the UrtheCast platform. While the images will be made available on an individual basis, they will also be processed and constantly streamed to the UrtheCast platform. This will be realized on the interactive platform as a near realtime flyover view of the planet directly below the ISS as it orbits the globe 16 times every day.
In preparation for the unveiling of its full color, Ultra HD Earth video from space, UrtheCast remains focused on the commissioning and calibration of its cameras, in addition to ground system testing and the continuation of its business plan.
To view additional UrtheCast images as they are released, visit www.urthecast.com/firstlight.
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is developing the world's first Ultra HD video feed of Earth, streamed from space in full color. Working with renowned aerospace partners from across the globe, UrtheCast has built, launched, installed, and will soon 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 Ultra HD video and still 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 commissioning of the cameras, plans to operate camera components on, and stream video footage from, the ISS, proposed image and video product offerings, expected partners and customers to distribute such products and expected revenues. 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 which may have occurred to the cameras during launch or installation, 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. (now UrtheCast) prior to the reverse take-over transaction with Earth Video Camera Inc., as well as those factors discussed in the Company's annual information form dated March 26, 2014, (the "AIF") and the Company's preliminary short form base shelf prospectus dated March 26, 2014 (the "Prospectus") which are 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 Prospectus, 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.
Image with caption: "Captured on March 28, 2014, at 1pm GMT, this image is centered around the city of Moneague, Jamaica, and has a 6-meter GSD (Ground Sampling Distance). The photo is approximately 3200 x 8000 pixels, and covers approximately 300 square kilometers. (CNW Group/UrtheCast Corp.)". Image available at: http://photos.newswire.ca/images/download/20140403_C8488_PHOTO_EN_38795.jpg
SOURCE: UrtheCast Corp.
For further information:
Scott Larson, CEO