01:02:20 EDT Sat 22 Sep 2018
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UrtheCast Corp
Symbol C : UR
Shares Issued 121,440,933
Close 2018-07-12 C$ 0.23
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UrtheCast et al. win European Space Agency contract

2018-07-12 19:12 ET - News Release

Mr. Donald Osborne reports

URTHECAST SUBSIDIARY DEIMOS IMAGING AND PARTNERS AWARDED MULTI-MILLION EURO ESA CONTRACT

UrtheCast Corp. and its subsidiary, the Earth observation company Deimos Imaging, have been awarded a multimillion-euro contract through a consortium led by Airbus Defence and Space, and also including Planet, IGN-France and space4environment, to provide a very large set of Earth observation products and services to the European Commission and the European Space Agency (ESA).

The contract, known as VHR Image 2018, involves the collection, processing and supply of cloud-free, seamless, very-high-resolution imagery of six million square kilometres over 39 European countries. The data will feed the geoinformation services with which European institutions and governments implement their environmental, land and crisis management policies. This data set will be available to institutional users on European and national levels, and will serve a large range of applications, such as the monitoring of biodiversity in riparian zones, coastal areas, risk and protected areas, and the update of land parcel identification systems.

Deimos Imaging provides market-leading quality control processes, technical knowledge and significant expertise to the consortium. Additionally, Deimos Imaging's worldwide network of federated missions provides an exceptional capability to acquire very high-quality imagery with one-metre or better resolution. Three of Deimos Imaging's core partners, Beijing Space View Ltd., SI Imaging Service and Twenty First Century Aerospace Technology Co. Ltd., signed exclusive distribution agreements to contribute to this project through Deimos Imaging, providing significantly increased collection capabilities.

Donald Osborne, chief executive officer of UrtheCast, commented: "We are pleased to enter into this contract as part of a consortium of world leaders in the field of Earth observation. This serves not only as affirmation of the best-in-class nature of UrtheCast's Earth observation technologies, but also as an important transitional step as we continue to advance our ground-breaking UrtheDaily constellation following our recent success in securing financing. The contract is one of the largest ever awarded to Deimos demonstrating that UrtheCast is in an excellent position to cement our role as clear leaders in the next generation of geospatial and geoanalytics technology and services."

The VHR Image 2018 data set is part of the Copernicus space component data access (CSC-DA) service, financed by the European Union and operated by ESA, with the goal of granting to institutional users on a European and national level harmonized access to data for a large number of application domains such as land administration, forestry and environment, and security and public safety.

About UrtheCast Corp.

UrtheCast 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 acquired through a unique virtual constellation, which includes 20 operational satellites with one-metre or better resolution.

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