|By PR Newswire||
|August 27, 2013 08:22 AM EDT||
VANCOUVER, Aug. 27, 2013 /PRNewswire/ - UrtheCast Corp. (TSX:UR) ('UrtheCast') is pleased to announce that Roscosmos has successfully installed the Bi-axial Pointing Platform (BPP) on the Russian module of the International Space Station (ISS). The BPP is the structure to which the UrtheCast cameras will be attached.
The BPP was attached to the Zvezda module on the Russian segment of the ISS on Aug. 22, 2013 during spacewalk #35, conducted by Russian cosmonauts Fyodor Yurchikhin and Aleksandr Misurkin. The two UrtheCast cameras, one medium-resolution and one high-resolution, are scheduled to be launched to the ISS and installed in late 2013.
"We are thrilled with the successful installation of the BPP." President & COO Wade Larson stated. "Spacewalks are inherently risky, so having the mechanism that our cameras will be attached to successfully installed is a significant milestone"
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.
For more information visit UrtheCast.com 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 development and production 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.
Image with caption: "A model of the UrtheCast cameras and BPP, as it will function on the ISS (CNW Group/UrtheCast Corp.)". Image available at: http://photos.newswire.ca/images/download/20130827_C8362_PHOTO_EN_30151.jpg
Image with caption: "A cosmonaut working with connectors during spacewalk #35, on August 21, 2013 (CNW Group/UrtheCast Corp.)". Image available at: http://photos.newswire.ca/images/download/20130827_C8362_PHOTO_EN_30148.jpg
Image with caption: "A cosmonaut inspecting his work as he moves around the Zvezda module during spacewalk #35, on August 21, 2013 (CNW Group/UrtheCast Corp.)". Image available at: http://photos.newswire.ca/images/download/20130827_C8362_PHOTO_EN_30149.jpg