UrtheCast Reports Major Milestone Achieved in Proving its Revolutionary Dual-Frequency SAR Technology
UrtheCast’s SAR technology allows for unprecedented performance and imaging flexibility, providing high resolution, wide swath, simultaneous dual X and L band, and multi-aperture imaging capability with improved suppression of ambiguities — and all at much lower cost than the currently operating state-of-the-art SAR systems. This new SAR technology is being developed as part of the company’s previously announced OptiSARTM Constellation. By capturing SAR and optical data in unison, the Constellation is expected to offer uniquely information-rich Earth Observation (EO) imagery and derived information products, serving not only traditional EO markets but also rapidly-growing markets in geoanalytics.
“We believe that UrtheCast’s SAR is the world’s most sophisticated imaging radar in commercial development,” said UrtheCast’s CTO, Dr. George Tyc. “It has been developed through numerous innovations and has resulted in the filing of multiple patent applications.” Now that it has been demonstrated using flight representative parts and processes, and the tests have shown that it works spectacularly well, the technical and programmatic risks of our OptiSARTM Constellation development program have been massively reduced. In short, UrtheCast’s low-cost revolutionary SAR technology can now be considered proven. It’s a game changer.”
About UrtheCast Corp.
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 currently operates four Earth Observation sensors in space, including two cameras aboard the International Space Station and two satellites, Deimos-1 and Deimos-2. Imagery and video data captured by these sensors is downlinked to ground stations across the planet and displayed on UrtheCast’s cloud-based web platform, or distributed directly to partners and customers. UrtheCast is also developing and anticipates launching the world’s first fully-integrated constellation of multispectral optical and SAR satellites, called UrtheDaily™ and OptiSAR™, which the Company believes will revolutionize monitoring of our planet with high-quality, medium and high-resolution, and high-coverage and high-revisit imagery in all weather conditions, any time of day. 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”, “believe”, “plan”, and “expect”, statements that an action or event “may”, “might”, “could” or “will” be taken or occur, or other similar expressions and includes, but is not limited to; its plans for and timing of expansion of its product offering and value-added services; its future growth and operations plans; and the acceptance by its customers and the marketplace of new satellite imaging content, technologies and solutions. Such statements reflect UrtheCast’s current views with respect to future events and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by UrtheCast, 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, including, among others: any delays or failures in the design, development, construction, launch and operational commissioning of the proposed OptiSAR™ constellation, and specifically the SAR sensors; the Company being unable to convert the Memoranda of Understanding in respect of funding of the OptiSAR™ constellation into binding, definitive agreements; interruptions to or failures of UrtheCast’s infrastructure; legal and regulatory changes, as well as those factors and assumptions discussed in UrtheCast’s annual information form dated March 29, 2016, (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.
SOURCE UrtheCast Corp.
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