January 17, 2017 / 12:33 PM / in a year

BRIEF-Urthecast enters agreement to sell and operate two satellites in the Optisar constellation

Jan 17 (Reuters) - Urthecast Corp :

* Urthecast enters into binding agreement worth US$180 million to sell and operate two satellites in the Optisar constellation

* Urthecast Corp - customer has also agreed to pay an additional us$30 million for other products and services related to sale of satellites

* Urthecast-Subject to urthecast financing build, launch of remaining 6 satellites in first orbital plane, 8 satellites are scheduled for launch in late 2021 Source text for Eikon: Further company coverage:

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