Urthecast (T.UR) streams Space Station camera install live – shares bump 6%

Gaalen Engen Gaalen Engen, Stockhouse.com
0 Comments| January 27, 2014


Urthecast (TSX:UR, StockForum), a Vancouver-based firm engaged in the developing high definition video platforms and images of Earth from space, announced today that the company was going to stream the cosmonaut install of their two Earth imaging cameras on the orbiting International Space Station.

 

According to the news release, the re-installation of the two cameras follows a temporary stowing due to ISS cabling issues after the initial December 27 install. Today's procedure was to be handled by Russian cosmonauts Oleg Kotov and Sergey Ryanzansky during a spacewalk beginning at 6:10 am PST.

 

Urthecast will commence camera calibration after the installation and plans to premiere its Ultra HD video of Earth as soon after this is complete, but no date has been given for the debut as yet.

 

Urthecast was in the news recently when the company received an additional $1.5 million in gross proceeds after Canaccord Genuity exercised their over-allotment option in full.

 

Shares climbed 6% on the news to $2.65 per share.

 

Currently there are 64.1m outstanding shares with a market cap of $169.9 million.



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