UrtheCast (T.UR) sees 5% bump on successful ISS camera re-install

Gaalen Engen Gaalen Engen, Stockhouse.com
0 Comments| January 28, 2014

UrtheCast (TSX:UR, StockForum), a Vancouver-based firm engaged in developing high-definition streaming video and images of Earth from space, announced today that the company's two earth-imaging cameras were successfully installed on the Russian section of the International Space Station.


Despite what was viewed online as the installation was streamed live, Mission Control Centre located near Moscow confirmed receiving all telemetry and the analysis of said data fell within expected results.


According to the news release, the cameras were re-installed after being temporarily stowed in December after ISS cabling issues were discovered. Repairs were made and on January 27, Russian cosmonauts, Oleg Kotov and Sergey Ryazansky, puts the cameras into place during their spacewalk, EVA-37a.


Scott Larson, UrtheCast CEO, commented on the combined effort, “We're again extremely grateful to Energia and Roscosmos for providing such quick and efficient technical support throughout the camera installation process.”


Larson then concluded, “With the cameras now successfully installed and communicating with Mission Control, UrtheCast can now focus on the routine commissioning of the cameras in preparation for the unveiling of our Ultra HD, color video of Earth.”


UrtheCast made headlines recently when the company live-streamed the re-installation of its ISS cameras yesterday.


Shares gained 5.49% on the news to $2.50 per share.


Currently there are 64.1m outstanding shares with a market cap of $160.3 million.


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