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Progress Cargo Ship Carrying Two UrtheCast Cameras Successfully

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Roth_IRA_3000   Wednesday, 12/18/13 06:11:58 PM
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Progress Cargo Ship Carrying Two UrtheCast Cameras Successfully Docks With ISS

UrtheCast (TSX:UR)

VANCOUVER, Dec. 2, 2013 /CNW/ - UrtheCast Corp. (TSX:UR) ('UrtheCast' or 'the Company') is very pleased to announce that, as of Nov. 29, 2013 at 4:30 p.m. CST, the Progress 53P cargo ship carrying UrtheCast's two cameras has successfully docked with the International Space Station (ISS).

Travelling aboard a Soyuz rocket, UrtheCast's cameras — the world's first 1-Metre Class, high-resolution Earth video camera and one medium-resolution imaging camera — were successfully launched from Kazakhstan's Baikonur Cosmodrome on Monday, Nov. 25.

"For the second time in a week, UrtheCast has reached a highly significant milestone," explained co-founder and Chief Executive Officer Scott Larson. "Our team of engineers couldn't be more satisfied with how our international team and close partners have come together to make the camera launch, flight, and docking a success. We now look forward to the cameras' installation and calibration."

The Company expects to update the market with further progress regarding the cameras' installation as it occurs.

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.

Forward Looking Information

This release contains certain information which, as presented, constitutes "forward-looking 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", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions and includes, but is not limited to, statements about the timing and success of the mounting of our cameras on the ISS and commissioning, plans to operate camera components on, and stream video footage from, the ISS, proposed image and video product offerings and expected partners and customers to distribute such products. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of UrtheCast to control or predict, and which may cause UrtheCast's actual results, performance or achievements to be materially different from those expressed or implied thereby, including, but not limited to, damage which may have occurred to the cameras during launch or which may occur once mounted on the ISS, unexpected changes in Russian or Canadian government policies, technology changes, reliance on key personnel, the potential for conflicts of interest among certain officers, directors or promoters with certain other projects, competition, risks related to the business activities of Longford Energy Inc. (a predecessor entity of the Company) prior to the reverse take-over transaction with Earth Video Camera Inc., as well as those factors discussed in the Company's annual information form dated November 14, 2013, (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 otherwise disclosed from time to time on UrtheCast's SEDAR profile.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and UrtheCast undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.

SOURCE UrtheCast Corp.

Copyright 2013 Canada NewsWire

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