RICHMOND, BC, Oct. 22, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that
it has been awarded multiple contracts with undisclosed customers in
the oil and gas, and mining sectors. MDA will deliver RADARSAT-2
surface movement monitoring products and services that accurately
detect and report the extent of surface movement in localized areas.
RADARSAT-2 is capable of collecting images through all weather
conditions, 24 hours a day. It is able to repeatedly image the same
location on Earth over time, from the same orbital position, and
generate data that is processed using Interferometric Synthetic
Aperture Radar (InSAR) techniques to measure the movement of ground
features to millimetres-level accuracy.
MDA's wide-area surface movement monitoring solutions for the oil and
gas, and mining sectors detect and track surface movement to support
safe and efficient operations by protecting facilities, onsite
personnel, and the surrounding environment. The dependable level of
accuracy provided by RADARSAT-2 provides operators with accurate
information to support environmental compliance and health and safety
issues for customer sites around the world.
About MDA
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
worldwide.
MDA's business is focused on markets and customers with strong repeat
business potential, primarily in the Communications sector and the
Surveillance and Intelligence sector. In addition, the Company conducts
a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800
employees operating from 11 locations in the United States, Canada, and
internationally.
The Company's common shares trade on the Toronto Stock Exchange under
the symbol "MDA."
Related Websites
www.mdacorporation.com
Forward-Looking Statements
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") with respect to future events and financial
performance. The forward-looking statements in this regard include
statements regarding the award of a contract. Any such forward-looking
statements are based on MDA's current expectations, estimates,
projections and assumptions in light of its experience and its
perception of historical trends. The factors and assumptions
underlying the forward-looking statements in this release include
contracts not being terminated. Any such forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results to differ materially from current expectations. MDA
cautions readers that should certain risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary significantly from those expected. The risks that
could cause actual results to differ from current expectations include,
but are not limited to: risks associated with operating a satellite
including in-orbit failures or impaired satellite performance; failure
of third parties and subcontractors; failure of systems to meet
performance requirements; and failure to anticipate changes in
technology, technical standards and offerings or compliance with the
requisite standards.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
<p> <b>Contact </b> </p> <p> Wendy Keyzer<br/> MDA External Relations<br/> (604) 231-2743<br/> <a href="mailto:wendy@mdacorporation.com">wendy@mdacorporation.com</a> </p>