UrtheCast Announces the Signing of New $30 Million Contract for UrtheDaily Data Services
October 18, 2018 at 07:00 am EDT
UrtheCast Corp. announced that it has signed a binding contract for $30 million to provide data from the Company's planned UrtheDaily satellite Constellation.
The contract is with TerraTech JSC. The contract is for $10 million annually over the first three years of UrtheDaily operations, with an option for an additional two years ($20 million above the initial contract). This contract brings UrtheDaily's annual binding contractual commitments to $34 million and total revenue backlog to $255 million.