GREY:LFDEF - Post by User
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URthereumon Oct 06, 2020 9:21pm
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Post# 31678353
Two Golden Nuggets for future of Urthecast
Two Golden Nuggets for future of UrthecastHopefully this means we can stay shareholders!
From document centre:
PROPOSED SALE AND INVESTMENT PROCESS 31. This Petitioners are very close to finalizing a sale and investment solicitation process (a "Proposed SISP”) to divest of core and non-core assets and secure long-term funding for the projects that may form the basis of the UrtheCast Group’s go-forward business. The Monitor anticipates that the Petitioners will be in a position to file a motion with this Honourable Court to seek the approval of the Proposed SISP in the very near future.
The UrtheCast Group’s go-forward business plan has been focused on the development of the following two (2) major EO projects which the Petitioners forecast will generate significant revenue once operational: a) OptiSAR Constellation Project: a project which incorporates synthetic aperture radar ("SAR") sensory technology into a constellation of synchronized satellites; and b) UrtheDaily Constellation Project: a project focusing on the development of a second constellation of synchronized satellites equipped with optical EO sensors which would be the first earth observation system to provide scientific-quality, analytics-ready imagery of the entire earth (excluding Antarctica) every day.
Moreover, the UrtheCast group is developing software and related infrastructure to facilitate EO imagery processing and distribution at scale (the "UrthePipeline"). The UrthePipeline has commenced offering some services. Once completed, the technology will form an integrated part of the ground segment for the UrtheDaily Constellation.