MADRID, Spain, Dec. 4, 2017
/CNW/ - UrtheCast Corp. and its subsidiary, the Earth Observation
company Deimos Imaging, today announced the signing of a strategic
cooperation agreement with Beijing Space View Technology Co. Ltd.
("Space View"), a leading provider of remote sensing satellite data
and geospatial information services based in China, for the mutual global distribution of
their respective product portfolios.
The space assets of Deimos Imaging and Space View include
Deimos-1, Deimos-2 and the satellite SuperView constellation, of
which currently 2 satellites have been launched, with the next two
to be launched at the end of 2017, resulting in a wide portfolio of
medium, high and very high-resolution satellites. These assets are
complementary and are expected to provide customers with an
exceptional level of decision making data, and to create unique and
valuable benefits across a diverse group of sectors while
strengthening the positions of both companies in their respective
markets.
This collaboration will ensure a daily global imaging
capability, with multiple revisit opportunities per day over any
target. This is key for a wide range of applications, especially
those requiring a frequent monitoring over the same area of
interest and a real-time response, such as emergency services,
border and maritime surveillance and defence and security.
"We are very excited about the strategic cooperation with
UrtheCast to expand our international reach, and for new users to
explore the potential of our large multi resolution constellation,"
said Lily Xu, CEO of Space View.
"Together with Urthecast's Earth Observation company, Deimos
Imaging, I fully believe our combined experience, history and
future strategic ambitions align to support both our upcoming
constellations."
"We are delighted to join Space View in a collaboration that, we
believe, can significantly accelerate strategic decision making for
a wide range of end users," said Fabrizio
Pirondini, CEO at Deimos Imaging. "This agreement confirms
the importance of partnerships and alliances with other
stakeholders to provide our customers with fast, ready to use
solutions tailored to their needs. Focusing our greatly
expanded scale of Earth Observation imagery data on our customers'
needs, will rapidly expand the potential to create unique
value-added products for our clients."
About Beijing Space View Technology Co., Ltd Located in
Beijing, Space View is a leading
provider of Earth Observation satellite data and geospatial
information services in China. The
company business covers optical and SAR satellite imagery, data
processing, value-added products, solutions, software and GIS
platform. As the operator of SuperView constellation from space to
ground, not only does Space View manage the imaging services, but
also promotes construction of direct-receiving and virtual stations
around the World. SuperView constellation is named as "16+4+4+X"
constellation, consisting of 16 0.5m
PAN & 2m MS resolution
satellites, 4 higher-performed optical satellites, 4 VHR SAR
satellites and a fleet of video & hyper-spectral satellites.
Space View is also the authorized global distributor of Chinese
satellite data collected by GF, ZY and HJ satellites.
About UrtheCast
UrtheCast Corp. is a Vancouver-based technology company that serves
the rapidly evolving geospatial and geoanalytics markets with a
wide range of information-rich products and services. The Company
operates Earth Observation (EO) sensors in space, through its
subsidiary Deimos Imaging, including two satellites, Deimos-1 and
Deimos-2, to produce imagery data for partners and customers in
multiple markets. UrtheCast processes and distributes imagery data
and value-added products on behalf of the PanGeo Alliance, a
network of seven satellite operators with a combined 13 medium- and
high-resolution EO sensors. Additionally, UrtheCast is developing
and expects to launch the world's first fully-integrated
constellation of sixteen multispectral optical and SAR satellites,
called OptiSAR™, and a satellite constellation designed to capture
high-quality, medium- resolution optical imagery of the Earth's
entire landmass (excluding Antarctica) every day, called UrtheDaily™.
Common shares of UrtheCast trade on the Toronto Stock Exchange as
ticker "UR".
For more information, visit UrtheCast's website at
www.urthecast.com.
Forward Looking Information
This release may contain
certain "forward-looking statements" and certain "forward-looking
information" as defined under applicable Canadian securities laws.
Forward-looking statements and information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. Within this release
forward-looking statements may include, without limitation,
statements with respect to UrtheCast's future plans, strategies and
objectives, timing of milestones, including in respect of the
planned OptiSAR™ and UrtheDaily™ satellite constellations; the
potential precursor program to the OptiSAR Constellation; Space
View's plans; projected revenues, future trends, opportunities and
growth in UrtheCast's industry; UrtheCast's ability to maintain and
enhance its competitive advantages within its industry and in
certain markets; new product functionality and suitability;
projected operating expenses and capital expenditures.
Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond
the ability of the Company to control or predict, that may cause
the Company's actual results, performance, timing, milestones or
achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about such
risks, uncertainties and other factors set out herein, including,
without limitation, any delays or failures in the design,
development, construction, launch and operational commissioning of
the proposed UrtheDaily and OptiSAR™ constellations and Space View
satellites; the Company being unable to adequately finance the
development, building, launch and commission of the UrtheDaily and
OptiSAR™ constellations, uncertainty on whether any unused capacity
from the precursor SAR satellite will be available to UrtheCast;
interruptions to or failures of UrtheCast's or Space View's
infrastructure; legal and regulatory changes or the prevention of
the export of certain technologies related to the OptiSAR
Constellation by government regulators with jurisdiction over
UrtheCast; the ability of UrtheCast to obtain qualified employees,
contractors and subcontractors, as well as those factors and
assumptions discussed in UrtheCast's annual information form dated
March 27, 2017, (the "AIF"), 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
AIF, and as disclosed from time to time on UrtheCast's SEDAR
profile. UrtheCast undertakes no obligation to update
forward-looking statements except as required by Canadian
securities laws. Readers are cautioned against attributing undue
certainty to forward-looking statements. The Company undertakes no
obligation to update forward-looking information except as required
by applicable law. Such forward-looking information represents
management's best judgment based on information currently
available. No forward-looking statement can be guaranteed and
actual future results may vary materially. Accordingly, readers are
advised not to place undue reliance on forward-looking statements
or information.
SOURCE UrtheCast Corp.