UrtheCast today acquired the Earth Observation business Deimos Imaging from Elecnor, S.A. for an aggregate price of €76.4 million. In addition to ownership and operation of the Deimos-1 and Deimos-2 satellites, UrtheCast has acquired satellite operations related to the collection, storage, processing, analysis, distribution, and licensing of imagery captured by these and other satellites. The combination of UrtheCast and Deimos operations is expected to significantly accelerate UrtheCast’s strategies related to distribution, web platform development, and the building out of the UrtheCast Constellation.
“We’re delighted to welcome 50 additional employees from the Deimos team, a highly experienced group with deep roots in the Earth Observation industry,” explained UrtheCast President and Chief Operating Officer, Wade Larson. “In combination with Deimos’ robust customer base, our business development program is poised for further growth this year. Deimos has an established customer base in Europe and Latin America, including the European Space Agency, as well as commercial customers in the agricultural, forestry, and land use industries. “
Fabrizio Pirondini, Deimos Co-founder and Chief Executive Officer, added: “These are exciting times for the Deimos team. By joining UrtheCast, our team is ready to contribute to the shared vision of disrupting the Earth Observation industry.”
The Deimos-1 satellite
Estimated lifespan: 10 years
Imagery: 22m-resolution, 3-band imagery, with a 650-km swath
Collection rate: Data downloaded every 90 minutes, imagery collected 24/7
Collection capacity: 5,000,000+ square-kilometres per day
- High revisit rates over mid-latitude regions
- Designed to monitor agriculture and forestry
- A member of the Disaster Monitoring Constellation
- Large coverage allows for identifying problem areas in crops
The Deimos-2 satellite
Estimated lifespan: 7 years
Imagery: 75cm pan-sharpened images, with a swath of 12km
Collection capacity: 150,000+ square-kilometers per day
- Acquires imagery in either strip mode (images up to 1500 km long) or in spot mode, shifting between targets
- An agile platform, moving ±45˚ off nadir
- Wide-area acquisition mode can acquire 24-km wide strips of up to 200-km long in a single pass
- Once problem areas are located using Deimos-1 imagery, Deimos-2’s finer resolution allows for more detailed analysis of the same region
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About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is developing the world’s first Ultra HD video feed of Earth, streamed from space in full color. Working with prominent aerospace partners from across the globe, UrtheCast has built, launched, installed, and will soon operate its Ultra HD video camera, Iris, on the ISS alongside its Medium Resolution Camera (“MRC”) which reached Initial Operation Capability (“IOC”) in 2014. UrtheCast also owns and operates the Deimos-1 and Deimos-2 satellites through its Spanish subsidiary, operating as Deimos imagery. Video and still image data captured by the cameras will be downlinked to ground stations across the planet and displayed on the UrtheCast web platform, or distributed directly to partners and customers. UrtheCast’s cameras will provide Ultra HD video and still imagery of Earth that will allow for monitoring of the environment, humanitarian relief, social events, agricultural land, etc. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker ‘UR’.
For more information please visit www.urthecast.com.