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Urthecast Corp T.UR


Primary Symbol: LFDEF

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.


GREY:LFDEF - Post by User

Bullboard Posts
Comment by Refrac1on Sep 16, 2016 5:46pm
179 Views
Post# 25247049

RE:RE:RE:Recent tweet this AM from Europe...can't confirm

RE:RE:RE:Recent tweet this AM from Europe...can't confirmRead this past article ...near the bottom where Wade explains the "Time Share" concept of these constellations...excerpt below

https://www.bbc.com/news/science-environment-33226496


"However, constellations do have a chequered history. A number of past projects went bankrupt: they were not able to earn sufficient income to support the substantial early capital investment needed to build their orbiting networks.

Mr Larson said Urthecast did not intend to repeat the mistakes of history. One way to do that, he explained, was to get customers to buy into the constellation in the same way holidaymakers buy into timeshare apartments.

"These key strategic partners would help us fund the project through its build phase. If these customers buy a satellite or a pair of satellites, they can use not only those satellites when they're over their area of interest, they can also federate the capacity of the entire constellation. So not only do they get the cost-saving economies of buying satellites that are much cheaper because they're part of a constellation, but they're also getting the coverage and re-visit capability of way more satellites than they paid for."

This model is very similar to the one SSTL itself now operates with its Disaster Monitoring Constellation (DMC), in which a number of national governments have banded together to fly a group of EO satellites in orbit.

"Our system would be like DMC on steroids," said Mr Larson."

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