VANCOUVER, April 3, 2014 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast"
or "the Company") has been advised that the International Space Station
(ISS) program activities have been exempted from the recent decision by
the U.S. government to suspend contact with Russian government
representatives.
"It is business as usual for the Company, as we continue the
commissioning of our cameras on the International Space Station,"
advised Wade Larson, UrtheCast President and COO. "The ISS has long
enjoyed a privileged position in international diplomacy and has
survived unscathed during multiple international crises in recent
years. In fact, we understand that the ISS has been nominated for this
year's Nobel Peace Prize. I think that says a lot."
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.
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.
SOURCE UrtheCast Corp.
