Urthecast Corp T.UR

EarthDaily robust sales pipeline: UR existing order backlog

[urthecast]

EarthDaily has a robust sales pipeline of potential new customers in the agriculture and non-agriculture industries which includes the existing order backlog[*] for the EarthDaily constellation. (https://bit.ly/33r9zPD)

CONTRACTS SIGNED BY URTHECAST CORP AND ITS REVENUE BACKLOG

10/18/2018	VANCOUVER, Oct 18, 2018 /CNW/ - UrtheCast Corp. (TSX: UR) ("UrtheCast" or the "Company") today announces that it has signed a binding contract for US$30 million to provide data from the Company's planned UrtheDaily satellite Constellation. The contract is with Moscow-based TerraTech JSC, a commercial provider of Earth observation and geoinformation services and a subsidiary of the Russian Space Agency, Roscosmos.  The contract is for US$10 million annually over the first three years of UrtheDaily™ operations, with an option for an additional two years (US$20 million above the initial contract). This contract brings UrtheDaily's annual binding contractual commitments to US$34 million and total revenue backlog to US$255 million.	US$30 million   +   Revenue Backlog of US$255 million.
9/20/2018	Total UrtheCast revenue backlog now in excess of C$300 million. VANCOUVER, Sept. 20, 2018 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast" or the "Company") today announced that it has signed a binding contract for US$25 million to provide data from the Company's planned UrtheDaily™ Constellation to a long-established commercial Earth Observation operator and value-added services provider on the Indian subcontinent. The contract will provide UrtheCast US$5 million annually over the first five years of UrtheDaily™ operations.  In conjunction with the previously disclosed contracted revenue arising from the acquisition of the Geosys Technology Holding LLC ("Geosys"), expected to close in the Fall of 2018, this new contract brings UrtheCast's total contracted revenue backlog to in excess of C$300 million.	US$25 million + This new contract brings UrtheCast's total contracted revenue backlog to in excess of C$300 million.
12/5/2017	VANCOUVER, Dec. 5, 2017 /PRNewswire/ - UrtheCast Corp. (TSX:UR) ("UrtheCast" or the "Company"), is pleased to announce it has now signed binding data subscription agreements for the UrtheDailyTM Constellation totalling in excess of C$100M. Consisting of three anchor customers and multiple incremental customers, these long-term revenue commitments contribute to a consistent UrtheDailyTM revenue stream over contract durations of between four and seven years. "We have now grown the stable, highly predictable revenue stream underlying the UrtheDailyTM business to a total backlog of more than C$100 million. Having reached this important milestone, and with our UrtheDailyTM financing package expected to close by year end, we are in an excellent position to confidently move forward with the development of the UrtheDailyTM Constellation and our goal of becoming the pre-eminent provider for the next generation of Earth Observation data and analytics services."	excess of C$100M   Highly predictable revenue stream underlying the UrtheDailyTM business to a total backlog of more than C$100 million

Source: https://investors.urthecast.com/investor-highlights/press-releases/default.aspx

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[*]  The newly formed company (EarthDaily) utilizing the UrtheCast Corp existing order backlog to maximize its revenue. They got it free and no valuation exists for these order backlog during the CCAA proceedings. More importantly, it is the Global $4.42 Billion Satellite-based Earth Observation Market to 2025 where UrtheCast is one of the major players (https://bit.ly/3qSiswv).