VANCOUVER, Oct. 28, 2013 /CNW/ - UrtheCast Corp. (TSX:UR) ('UrtheCast' or 'the Company') is pleased to announce that both cameras — one high-resolution and one medium-resolution — have been shipped from Moscow, Russia, and are en route to the Baikonur Cosmodrome in Kazakhstan. Together, the two cameras passed their second and final Acceptance Testing (AT-2) at the S.P. Korolev Rocket and Space Corporation (RSC Energia) and commenced shipping on Oct. 26, 2013.
"This is a significant milestone for UrtheCast," stated Wade Larson, UrtheCast's President and Chief Operating Officer. "Shipping the cameras to the Cosmodrome is one of the final required steps toward providing the world with near-live imagery and video of Earth. We greatly appreciate all of the hard work from the UrtheCast team, especially the efforts of our engineers and those from Rutherford Appleton Labs, MacDonald, Dettwiler and Associates Ltd., (TSX:MDA) and RSC Energia. The UrtheCast team now looks forward to the cameras being launched to the International Space Station (ISS) in November."
The two cameras went through rigorous test cycles throughout their development and UrtheCast is pleased that this building phase was completed as anticipated, and on schedule. In addition to functional testing of the cameras' performance, numerous physical tests took place in preparation for the cameras' launch and eventual installation aboard the ISS.
Once received at the Baikonur Cosmodrome, the cameras will be loaded into the payload of the Progress 53P spacecraft, which will launch to the ISS aboard a Soyuz rocket in late November, 2013.
More information on UrtheCast Corp. can be found at www.UrtheCast.com.
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 ISS. 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 launch preparations for 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'.
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 that include, but are not limited to, statements about the shipment and delivery of the cameras, 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 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 profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") profile at its website 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.