Urthecast Corp T.UR

Primary Symbol: LFDEF

Technology Software - Application

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

Urthecast Corp > When news........?

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Comment by Cowbaystockson Jan 07, 2020 4:25pm

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Post# 30527730

RE:When news........?

I agree!

This was the official message from the last Quarterly call:

The Company has received multiple indicative term sheets from institutional investors to finance the UrtheDaily Constellation project and the Company's growth. The Company is currently working with its financial advisors on completing due diligence with several potential investors and their respective advisors. The Company and the potential investors are targeting the fourth quarter of 2019 to secure a binding commitment.
The Company has also received a number of non-binding bids to acquire all or substantially all of the Deimos Imaging business and continues to negotiate with these parties and complete due diligence activities as it seeks to complete a sale.

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