VANCOUVER, Feb. 18, 2014 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast"
or "the Company") is extremely pleased to announce that its two Earth
sensing cameras — a High Resolution Camera (HRC) that will produce
1-meter class, full color videos, and a Medium Resolution Camera (MRC)
that will produce 6-meter class, 50-km wide swaths of imagery — have
successfully passed initial functional testing. The engineering teams
from UrtheCast and RSC Energia have confirmed that camera data from
both the MRC and HRC can now be successfully captured and stored in our
Data Handling Unit onboard the International Space Station (ISS), and
downlinked to the ground station in Moscow. Initial test imagery has
been acquired from the MRC, which is being used to support the analysis
and calibration of the camera. The team also continues to commission
and calibrate the HRC's precision pointing platform, which is required
before test imagery can be acquired by the HRC.
"With both cameras functioning as anticipated, we are now focusing on
further commissioning and calibration of the cameras and the pointing
platform for the HRC. This will allow us to unveil our first official
full color, Ultra HD video, which is expected in Q2," explained
UrtheCast's Chief Technology Officer, Dr. George Tyc. "This is a
tremendous achievement for the engineering teams at UrtheCast and RSC
Energia. We're extremely grateful for the hard work that they've
provided, especially over the past few months."
UrtheCast plans to release its first commercial grade video and imagery
as part of a dedicated marketing effort. The Company remains focused on
the commissioning of its cameras and related systems on the ISS, 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 1-m class, full color, video feed
of Earth from space. 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 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 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. (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 November 14, 2013, (the "AIF") and the Company's short form
prospectus dated December 12, 2013 (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
SOURCE: UrtheCast Corp.