/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, June 19, 2018 /CNW/ - UrtheCast Corp. (TSX: UR)
("UrtheCast" or the "Company") today announced the
appointment of Don Osborne as Chief
Executive Officer. Mr. Osborne is a seasoned technology executive,
having spent more than 30 years in the satellite, space and defence
industries. Most recently, from 2009 to 2017 he was a senior
executive at MDA, a Maxar Company, including as President of the
MDA Information Systems Group where he was responsible for MDA's
Canadian businesses. MDA is a leader in space robotics, satellite
antennas and subsystems, and surveillance systems, among other
business areas. Mr. Osborne will assume his role with UrtheCast on
July 5, 2018.
Said Adam Vore, UrtheCast's
Chairman: "We are extremely excited to have a leader of Don's
experience and industry expertise join the Company. He brings the
technical and industry knowledge, and demonstrated management
excellence that will lead UrtheCast through its next phase of
development. With a strong and capable management team, supported
by an aligned Board of Directors, we are confident that UrtheCast
is well-positioned to create value."
Said James Topham, UrtheCast
Director and chair of the Board's search committee: "The Board
conducted an international search process and interviewed a number
of excellent candidates. We are unanimous in our view that Don is
exceptionally qualified to lead UrtheCast and build on the
Company's potential."
Mr. Osborne has spent his entire career in the satellite and
aerospace industry. Prior to his roles with MDA, he served as the
President of Advantech Satellite Networks Inc. from 2006 to 2009.
Mr. Osborne has also served as Vice President of EMS Technologies
Inc. and Senior Vice President and General Manager for the EMS
Satellite Networks group, a part of the Space &
Technology/Montreal operations
from 1999 to 2006. He joined EMS Technologies Inc. in January 1999, when it acquired the Spar Satellite
Products business, where Don had served as Vice President of
Marketing and other positions commencing in 1983 as a Mechanical
Engineer. Mr. Osborne is a Director of 5N Plus Inc., and until
recently served on the Board of Directors of the Aerospace
Industries Association of Canada.
Don holds Bachelor degree in Mechanical Engineering and an MBA from
McGill University in Montreal, Quebec.
Said Mr. Osborne: "UrtheCast has a well-deserved reputation for
innovation in its products and services, and I look forward to
working with the UrtheCast team and its partners around the world
to build on the potential that exists within the Company."
UrtheCast Annual General and Special Meeting of
Shareholders
UrtheCast would also like to take the opportunity to remind
shareholders that they have until 10:30
a.m. (Vancouver Time) on June 21,
2018 to vote their shares for the upcoming general annual
and special meeting of shareholders to be held at 10:30 a.m. on June 25,
2018.
The board of directors unanimously recommends a vote FOR all
resolutions at the meeting.
YOUR VOTE IS IMPORTANT REGARDLESS OF THE NUMBER OF SHARES YOU
OWN. PLEASE VOTE TODAY.
Shareholder Request for Voting Assistance
Shareholders who have questions or require voting assistance may
contact UrtheCast's proxy solicitor:
Laurel Hill Advisory Group
North America Toll-Free:
1-877-452-7184
Outside North America:
416-304-0211
Email: assistance@laurelhill.com
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, S.L.U., 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. UrtheCast is developing a
satellite constellation designed to capture high-quality, medium
resolution optical imagery of the Earth's entire landmass
(excluding Antarctica) every day,
called UrtheDailyâ„¢. UrtheCast is also developing the world's first
fully-integrated constellation of sixteen multispectral optical and
SAR satellites, called OptiSARâ„¢. 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 contains certain information which, as presented,
constitutes "forward-looking information" or "forward-oriented
financial 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", "plan", "explore" and "expect", statements that an
action or event "may", "should" or "will" be taken or occur, or
other similar expressions. Such statements reflect UrtheCast's
current views with respect to future events. Such statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by UrtheCast as at the date of this
press release, are inherently subject to significant uncertainties
and contingencies. Many factors could cause UrtheCast's actual
results, performance or achievements to be materially different
from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements; as well as
those factors and assumptions discussed in UrtheCast's annual
information form dated April 2, 2018,
which is available under UrtheCast's SEDAR profile at
www.sedar.com. UrtheCast cautions readers that such factors and
uncertainties are not exhaustive and that should certain risks or
uncertainties materialize, or should underlying estimates or
assumptions prove incorrect, actual results, performance or
achievements may vary significantly from those expected. There can
be no assurance that the actual strategies, results, performance,
events or activities anticipated by the Company will be realized
or, even if substantially realized, that they will have the
expected consequences to, or effects on, the Company.
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.
SOURCE UrtheCast Corp.