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UrtheCast has been forced to write off almost $8 million because it has not been able fully use its two cameras installed on the Russian half of ISS.
The Vancouver-based company said its was writing off some of the cameras’ value because of strained relations with their Russian hosts, who recently approached UrtheCast with a request to renegotiate their deal. Russian cosmonauts installed two UrtheCast cameras on the exterior of space station in 2014. The medium-resolution camera, called Theia, captures 50-kilometer swaths of multispectral imagery sharp enough to discern features 5-meters across. The high-resolution camera, called Iris, records ultra-high-def-quality, full-color video of the Earth and still images at a resolution of one meter per pixel. Iris entered service only last year due to technical issues.
Wade Larson, UrtheCast’s co-founder and chief executive, told investors during a Nov. 10 conference call that tensions between Russia and the U.S. and its allies are spilling over into UrtheCast’s agreement with the Russian space agency, Roscosmos, and Russia’s lead space station contractor RSC Energia. “There’s been some geopolitical challenges that have influenced this relationship and candidly … that has impacted our ability to task these cameras operationally,” Larson said.
In the long run, this is very bad for the Russians. It shows them to be an unreliable business partner, which will increasingly limit their ability to attract business from outside Russia.