UrtheCast Cameras Rescheduled for Installation
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Press release date: January 7, 2014
VANCOUVER – UrtheCast Corp. (TSX:UR) ('UrtheCast or 'the Company') is very pleased to announce that its two Earth imaging cameras have now been cleared for installation aboard the International Space Station (ISS). The issue that delayed the initial installation of the cameras has now been resolved, allowing for the scheduling of the next spacewalk, which is expected by the end of January.
As initially suspected, the problem was found to be a cabling issue inside the ISS. RSC Energia, the Moscow Mission Control Centre, and the cosmonauts collectively participated in identifying and verifying the cause of the anomaly. The engineering team has already implemented and tested the solution.
"We are extremely grateful for the extraordinary work by Energia and the cosmonauts onboard the ISS, especially during the holidays," explained UrtheCast's Chief Executive Officer, Scott Larson. "We are confident that our cameras will soon be successfully installed and we are looking forward to collecting our first high-resolution videos."
UrtheCast will confirm the exact date of the second spacewalk to install its cameras as this information becomes available. In the meantime, the Company remains focused on the commissioning and testing of the other facets of its system and is on track with its business plan.
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is developing the world's first near-live high-definition video feed of Earth, from space. Working with renowned aerospace partners from across the globe, UrtheCast has built, launched, and expects to install and 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 high-resolution video and 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.
SOURCE UrtheCast Corp.
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