UrtheCast puts Deimos Imaging and its 2 satellites up for sale in bid to cut costs, raise cash

by Peter B. de Selding

PARIS — Canadian geospatial-imagery provider UrtheCast Corp. has put its principal revenue-generator, Deimos Imaging, up for sale as UrtheCast struggles to generate enough cash to fund its existing business and its planned constellation of optical imaging satellites.

The planned Deimos sale, including the Deimos-1 and Deimos-2 imaging satellites, comes less than four years after UrtheCast purchased Deimos from Elecnor of Spain for 74.2 million euros, or $84.5 million at then-prevailing exchange rates.

The two satellites, both in . . .

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