Posted: Tuesday, March 4, 2014
UrtheCast Corp. (TSX:UR) ("UrtheCast" or "the Company") is pleased to announce that it has signed six new data distributors for its high-resolution Earth video and imagery. This Ultra HD color video and medium-resolution imagery will be captured from UrtheCast's two cameras a 1-meter class, full color video camera and a 5-meter class, still imagery camera -- aboard the International Space Station (ISS).
The details are as follows:
*Six new data distributors: one based in the Middle East and five in Europe
*These new distributor agreements have aggregate minimum revenue commitments of $5 million per annum, which distributors must meet in order to retain their respective licenses and territorial rights to UrtheCast's imagery
*Including these new distributors, UrtheCast's data distribution agreements total 16 distributors, representing minimum commitments of $26 million per annum
"The signing of these six distributors clearly demonstrates the market's strong interest in high-resolution, color video of Earth from space. This is something that only UrtheCast's video camera can provide," explained UrtheCast's President and Chief Operating Officer, Wade Larson. "In addition to the interest in color video from space, the unique characteristics of the ISS orbit positions UrtheCast's data offering as complementary to more traditional Earth Observation satellites."
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is developing the world's first Ultra HD video feed of Earth, streamed from space in full color. Working with renowned aerospace partners from across the globe, UrtheCast has built, launched, installed, and will soon 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 Ultra HD video and still 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 urthecast.com.
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