Madrid, Spain, and Vancouver, Canada – May 15th, 2018 – UrtheCast Corp. (TSX: UR) (“UrtheCast” or the “Company”) and its subsidiary, the Earth Observation company Deimos Imaging SLU (“Deimos Imaging”), announced today that Deimos Imaging has entered into a contract with the Brazilian Ministry of Defence’s Aeronautics Command (COMAER) exceeding $2.6 million US dollars (the “Contract”).
The Contract requires Deimos Imaging to supply Earth Observation products and services from the Deimos-2 satellite, during an initial period of three years that could be extended up to five years. Payments are expected to be spread equally over the initial three-year period. Under the Contract, Deimos Imaging will collect new satellite imagery and provide access to the catalogue of archived imagery. The data will feed the geo-information needs of the Brazilian Government and Institutions, accelerating and improving actionable decision making in a wide range of applications.
“We are very excited and proud to deliver our best-in-class services to the Brazilian Ministry of Defence for the first time”, said Jamie Ritchie, Chief Commercial Officer at Deimos Imaging. “The award of this contract reinforces our increasing role as key provider of imagery and geoinformation products worldwide.”
Deimos Imaging’s extensive experience provides renowned quality control processes, technical knowledge and significant expertise. Additionally, its multi-resolution virtual constellation of over 30 satellites guarantees exceptional revisit capabilities worldwide.
For more information, visit UrtheCast’s website at www.urthecast.com or Deimos Imaging’s website at www.deimos-imaging.com or contact:
Ana Isabel Martínez
+34 615 69 38 95
About UrtheCast and Deimos Imaging
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, 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 through a unique virtual constellation – including 20 operational satellites with 1m or better resolution – which are all harmonized in the same environment.
SOURCE UrtheCast Corp.