Posted: Monday, December 4, 2017
UrtheCast Corp. and its subsidiary, the Earth Observation company Deimos Imaging, today announced the signing of a strategic cooperation agreement with Beijing Space View Technology Co. Ltd. ("Space View"), a leading provider of remote sensing satellite data and geospatial information services based in China, for the mutual global distribution of their respective product portfolios.
The space assets of Deimos Imaging and Space View include Deimos-1, Deimos-2 and the satellite SuperView constellation, of which currently 2 satellites have been launched, with the next two to be launched at the end of 2017, resulting in a wide portfolio of medium, high and very high-resolution satellites. These assets are complementary and are expected to provide customers with an exceptional level of decision making data, and to create unique and valuable benefits across a diverse group of sectors while strengthening the positions of both companies in their respective markets.
This collaboration will ensure a daily global imaging capability, with multiple revisit opportunities per day over any target. This is key for a wide range of applications, especially those requiring a frequent monitoring over the same area of interest and a real-time response, such as emergency services, border and maritime surveillance and defence and security.
"We are very excited about the strategic cooperation with UrtheCast to expand our international reach, and for new users to explore the potential of our large multi resolution constellation," said Lily Xu, CEO of Space View. "Together with Urthecast's Earth Observation company, Deimos Imaging, I fully believe our combined experience, history and future strategic ambitions align to support both our upcoming constellations."
"We are delighted to join Space View in a collaboration that, we believe, can significantly accelerate strategic decision making for a wide range of end users," said Fabrizio Pirondini, CEO at Deimos Imaging. "This agreement confirms the importance of partnerships and alliances with other stakeholders to provide our customers with fast, ready to use solutions tailored to their needs. Focusing our greatly expanded scale of Earth Observation imagery data on our customers' needs, will rapidly expand the potential to create unique value-added products for our clients."
About Beijing Space View Technology Co., Ltd Located in Beijing, Space View is a leading provider of Earth Observation satellite data and geospatial information services in China. The company business covers optical and SAR satellite imagery, data processing, value-added products, solutions, software and GIS platform. As the operator of SuperView constellation from space to ground, not only does Space View manage the imaging services, but also promotes construction of direct-receiving and virtual stations around the World. SuperView constellation is named as "16+4+4+X" constellation, consisting of 16 0.5m PAN & 2m MS resolution satellites, 4 higher-performed optical satellites, 4 VHR SAR satellites and a fleet of video & hyper-spectral satellites. Space View is also the authorized global distributor of Chinese satellite data collected by GF, ZY and HJ satellites.
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 on behalf of the PanGeo Alliance, a network of seven satellite operators with a combined 13 medium- and high-resolution EO sensors. Additionally, UrtheCast is developing and expects to launch the world's first fully-integrated constellation of sixteen multispectral optical and SAR satellites, called OptiSAR™, and a satellite constellation designed to capture high-quality, medium- resolution optical imagery of the Earth's entire landmass (excluding Antarctica) every day, called UrtheDaily™. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker "UR".
For more information, visit UrtheCast's website at www.urthecast.com.
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