MADRID, Dec. 21, 2017 /PRNewswire/ - UrtheCast Corp. and
its subsidiary, the Earth Observation company Deimos Imaging, today
announced the signing of an agreement with SI Imaging Services
("SIIS"), a leading provider of remote sensing satellite data and
exclusive worldwide marketing and sales representative of the
KOMPSAT series, for the mutual global distribution of their
respective product portfolios.
The space assets of Deimos Imaging and SIIS include Deimos-1,
Deimos-2 and the KOMPSAT series KOMPSAT-2, KOMPSAT-3, KOMPSAT-3A
and KOMPSAT-5, resulting in a wide portfolio of X-band SAR and
optical data in a wide range of resolutions, from 22 m to 0.4 m per
pixel.
The combination of radar with very high-resolution optical
imagery will allow observation of the Earth day and night,
regardless of weather conditions, and is intended to provide a
constant asset monitoring service. This is key for a wide range of
applications, especially those requiring frequent monitoring over
the same area of interest and real-time response, such as emergency
services, border and maritime surveillance and defence and
security.
Additionally, this collaboration is expected to provide
customers with an exceptional level of decision making data, and to
create a unique and crucial benefit for users in various sectors
while strengthening the positions of both companies in their
respective markets.
"We are delighted to be an authorized distributor for Deimos
Imaging," said Mr. Wookhyun Choi, Vice President at SIIS. "This is
a great opportunity to broaden our reach and widen our geospatial
data distribution options, as we are introducing Deimos Imaging's
imagery to our resellers while presenting KOMPSAT to their
networks. This will allow us to provide our customers with more
precise answers to their needs."
"We are very pleased to be partnering with SIIS as this
collaboration supports and strengthens our data strategy to meet a
growing range of customer needs by providing them with fast,
customized and ready-to-use solutions", said Fabrizio Pirondini, CEO at Deimos Imaging. "This
agreement confirms the importance of partnerships and alliances
with other stakeholders to significantly accelerate decision making
in a great variety of fields. In addition, this joint service
increases our portfolio of sensors and our market reach with new
geo-intelligence products thanks to the combination of SAR and very
high resolution optical data."
The assets of SIIS now combine with the recent strategic
partners aligned with Deimos Imaging, resulting in a multi
satellite, multi resolution virtual constellation, to deliver
imagery services and geo-analytic applications to customers
globally. These strong partnerships are designed as 'win-win'
to secure the success and sustainability of all the partners
involved in the ever developing and growing Earth Observation
industry.
For more information, visit UrtheCast's and SIIS's websites at
www.urthecast.com and www.si-imaging.com or contact:
Ana Isabel Martínez
Communications Manager
ana-isabel.martinez@deimos-imaging.com
+34 617 148 635
About SI Imaging Services (SIIS)
SI Imaging Services
(SIIS) is the exclusive worldwide marketing and sales
representative of KOMPSAT series KOMPSAT-2, KOMPSAT-3, KOMPSAT-3A
and KOMPSAT-5.
The KOMPSAT (Korean Multi-Purpose Satellite) program is a part
of Korean government's space development program, which aims at
providing very high-resolution satellite imagery to national and
international remote sensing society.
SIIS contributes Remote Sensing and Earth observation industries
societies by providing very high resolution optical and SAR images
through over 90 sales partners worldwide.
Customers from industries as well as government and international
agencies are using KOMPSAT imagery for their missions and
researches and achieve good results in several remote sensing
applications such as mapping, agriculture, disaster management, and
so on. SIIS started its business as a satellite image and service
provider and extended its business to KOMPSAT operation.
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".
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 OptiSARTM
Constellation; SIIS' 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 UrtheDailyTM and OptiSAR™ constellations;
the Company being unable to adequately finance the development,
building, launch and commission of the UrtheDailyTM 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 SIIS'
infrastructure; legal and regulatory changes or the prevention of
the export of certain technologies related to the
OptiSARTM 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.