VANCOUVER, April 13, 2016 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) today announces that will be awarded a technological Contribution Agreement (“CA”) of $2.0 million from the Space Technologies Development Program (“STDP”), implemented by the Canadian Space Agency (“CSA”).
VANCOUVER, April 4, 2016 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) today announced the establishment of a Cooperative Research and Development Agreement (CRADA) with the National Geospatial-Intelligence Agency (NGA).
In June 2015, UrtheCast announced its plans to build, launch and operate the world’s first fully-integrated, multispectral optical and Synthetic Aperture Radar (SAR) commercial constellation of Earth Observation satellites, which is now known as OptiSARTM.
VANCOUVER, B.C., March 30, 2016 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) today announces financial results for the three and twelve months ending December 31, 2015. The Company reported revenues of $13.4 million and $41.1 million for the three and twelve month periods ending December 31, 2015, respectively, compared to $11.9 million of revenues for both periods in 2014. The Company’s non-IFRS adjusted EBITDA, excluding share-based payments, was a loss of $7.7 million in the fourth quarter (compared to a profit of $7.4 million in 2014 due to the recognition of $8 million in insurance payments) and a loss of $12.9 million for the year (compared to a loss of $2.4 million for 2014). At December 31, 2015, the Company had total cash balances of $47.5 million and working capital of $44.2 million.
VANCOUVER, B.C. (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) is pleased to announce its wholly-owned Spanish subsidiary, UrtheCast Imaging, S.L.U. (“UrtheCast Spain”) has obtained a senior secured term loan of €25 million [US $27.5 million], representing approximately CAD$37.5 million, (the “Loan”) from Banco de Sabadell, S.A. (“Sabadell”). The Loan has a five year term and will accrue interest at the EURIBOR 6 month rate (but no less than 0%) + 2.6% per annum.
VANCOUVER, Nov. 6, 2015 (UrtheCast PR)) — Yesterday, Nov. 5, 2015, UrtheCast and Heineken captured and unveiled a massive selfie from space — a first of its kind — to support the release of the newest Bond film, ‘Spectre’, and to celebrate Heineken’s partnership with the iconic James Bond film franchise.
VANCOUVER (UrtheCast PR) — We’re pleased to announce that UrtheCast has been awarded the Euroconsult prize for ‘Strategic Transaction of the Year’. The award was presented today, Sept. 18, during the 2015 Summit on Earth Observation Business in Paris, as part of the World Satellite Business Week Event.
The event is considered to be the pre-eminent space industry conference in the world with over 40 countries taking part, representing 95% of the satellite industry. The prize was awarded to UrtheCast for the July acquisition of the Deimos Imaging satellites and operations.
VANCOUVER, B.C., July 7, 2015 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) announced today that it has closed its previously announced prospectus offering (the “Offering”) of 24,868,750 subscription receipts of the Company (“Subscription Receipts”), raising aggregate gross proceeds of $99,475,000. The Subscription Receipts were offered on a “bought deal” basis at a price of $4.00 per Subscription Receipt.
The Offering was conducted by a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Genuity Corp., Clarus Securities Inc., Cormark Securities Inc. and Dundee Securities Ltd. (collectively, the “Underwriters”). The Offering included the exercise in full of the over-allotment option granted to the Underwriters.
VANCOUVER (UrtheCast PR) — UrtheCast is pleased to announce that it has entered into a definitive agreement with Elecnor, S.A. to acquire the Earth Observation business, Deimos. UrtheCast will soon acquire Deimos ownership, operation of the Deimos-1 and Deimos-2 satellites, and the Deimos global archive of Earth imagery.
“This is an incredible acquisition that epitomizes technological and operational synergy,” explained Scott Larson, UrtheCast Co-founder and Chief Executive Officer. “UrtheCast is rapidly accelerating its mission to democratize Earth Observation imagery, and bring a unique dataset and distribution model to customers and users that up until now, haven’t had this type of access.”
VANCOUVER, June 19, 2015 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) today announced plans to build, launch and operate the world’s first fully-integrated, multispectral optical and Synthetic Aperture Radar (SAR) commercial constellation of Earth Observation satellites (the “Constellation”), to be deployed over multiple launches expected in 2019 and 2020.
The Constellation is expected to comprise a minimum of 16 satellites (8 optical and 8 SAR) flying in two orbital planes, with each plane consisting of four satellite pairs, equally-spaced around the orbit plane. Each pair of satellites will consist of a dual-mode, high-resolution optical satellite (video and pushbroom) and a dual-band high-resolution SAR satellite (X-band and L-band) flying in tandem.
VANCOUVER, June 17, 2015 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”), the Earth Observation (EO) company aiming to open the world to anyone with an internet connection, today announced that it has released the first-ever, full-color HD videos of Earth, filmed from the International Space Station (ISS) at roughly one-meter resolution.
VANCOUVER, May 12, 2015 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) announces that footage captured from its two cameras aboard the International Space Station will be incorporated into a first-of-its-kind short film for the 2015 Pepsi® Challenge™ global campaign. Challenging live production conventions, UrtheCast’s Ultra HD video of worldwide locales will help to make this an unprecedented brand partnership, which combines the worlds of technology, music, film production and storytelling like never before.
VANCOUVER, April 23, 2015 (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast”or the “Company”) is pleased to announce that it has teamed with the National Aeronautics and Space Administration (“NASA”) to stream real-time Earth video data from NASA’s High-Definition Earth-Viewing System (“HDEV”) aboard the International Space Station (“ISS”) to UrtheCast’s interactive web platform.
VANCOUVER, Canada (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”) is pleased to announce the signing of a contract, valued at approximately US$9-million, to provide a range of engineering services and related space hardware to an international customer.
“This contract further demonstrates the success of the UrtheCast team, expanding UrtheCast’s market footprint,” explained UrtheCast’s President and Chief Operating Officer, Wade Larson. “Adding to a growing international customer base, the signing of this contract typifies our customers’ confidence in our team and capabilities.”
The Earth-imaging company UrtheCasthas opened a second office in Vancouver, Canada, with the help of a recently signed deal. And the company is hiring.
“With an infusion of data, projects, and engineers, it was time to expand our office. Our Vancouver headquarters has been busting at the seams for quite some time now, so we’re looking forward to having more room and welcoming even more people to our team,” said UrtheCast’s Chief Executive Officer Scott Larson. “Our entire system continues to grow as we look for video specialists, GIS experts, and infrastructure experts to help build out our cloud for the data we are collecting.”
VANCOUVER (UrtheCast PR) — UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”), a technology company that is developing the world’s first Ultra HD video feed of Earth from space, today announces financial results for the three and six months ended June 30, 2014.The Company reported a comprehensive loss of $4.1 million in the quarter as compared to $10.5 million in the comparative quarter in 2013 and $3.9 million in the previous quarter. Our year-to-date comprehensive loss was $8.0 million as compared to $11.8 million in the comparable period of the previous year.