VANCOUVER, Dec. 2, 2013 /CNW/ - UrtheCast Corp. (TSX:UR) ('UrtheCast' or
'the Company') is very pleased to announce that, as of Nov. 29, 2013 at
4:30 p.m. CST, the Progress 53P cargo ship carrying UrtheCast's two
cameras has successfully docked with the International Space Station
(ISS).
Travelling aboard a Soyuz rocket, UrtheCast's cameras — the world's
first 1-Metre Class, high-resolution Earth video camera and one
medium-resolution imaging camera — were successfully launched from
Kazakhstan's Baikonur Cosmodrome on Monday, Nov. 25.
"For the second time in a week, UrtheCast has reached a highly
significant milestone," explained co-founder and Chief Executive
Officer Scott Larson. "Our team of engineers couldn't be more satisfied
with how our international team and close partners have come together
to make the camera launch, flight, and docking a success. We now look
forward to the cameras' installation and calibration."
The Company expects to update the market with further progress regarding
the cameras' installation as it occurs.
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 has built, launched, and expects to install and
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 which may have occurred to the cameras during launch or which
may occur 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. (a predecessor entity of the Company) 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
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.
