VANCOUVER, Sept. 12, 2013 /CNW/ - UrtheCast Corp. (TSX: UR) (UrtheCast)
is pleased to announce that the company's High-Resolution Camera (HRC)
has passed its first Acceptance Test (AT-1), allowing for the camera to
be shipped from Rutherford Appleton Laboratories (RAL Space) in the
United Kingdom, to S.P. Korolev Rocket and Space Corporation (Energia)
in Russia.
Representatives from UrtheCast, Energia, RAL Space, and MacDonald,
Dettwiler and Associates Ltd. (MDA) participated in the completion of
the HRC's AT-1, which takes UrtheCast another step closer towards the
launch of its cameras to the International Space Station (ISS), from
the Baikonur Cosmodrome in Kazakhstan.
"We are extremely pleased with the functioning of the HRC and its
construction. Both RAL and MDA were instrumental in the camera's
successful development," explained UrtheCast's Chief Technology Officer
and co-founder, Dr. George Tyc. "The HRC now joins the
medium-resolution camera at RSC Energia where they will be tested in
unison."
AT-1 is the culmination of months of testing, which included electrical
and functional tests of the camera as well as full environmental
testing (thermal vacuum, vibration and electro-magnetic compatibility).
The second stage of the Acceptance Test process, AT-2, will commence
soon after the HRC's arrival in Russia.
More information on UrtheCast Corp. can be found at www.UrtheCast.com.
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.
Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker
UR.
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 development,
production and AT-2 testing, schedule of cameras suitable for mounting
on the 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
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 securities laws.
Readers are cautioned against attributing undue certainty to
forward-looking statements.
SOURCE UrtheCast Corp.
