|By PR Newswire||
|February 18, 2014 07:01 AM EST|
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 forward-looking statements.
SOURCE UrtheCast Corp.