RICHMOND, BC, Oct. 23, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that
it has signed two contracts with EarthSTAR Inc., a subsidiary of EarthView Image Inc., totaling approximately CA$10 million.
The first contract is a multi-year extension of RADARSAT-2 distribution rights. In addition, the contract includes exclusive distribution rights for
China, effective November 11, 2014. The RADARSAT-2 information will be
used to support government and commercial users in China in areas such
as land use management, environmental monitoring, subsidence
monitoring, and disaster response.
Under the second contract, MDA will provide a ground station able to
receive and process data from the RADARSAT-2 satellite. The station is
expected to be installed and operational in late 2015.
The RADARSAT-2 satellite has global high-resolution surveillance
capabilities that include a large collection capacity and high
accuracy. The satellite acquires data regardless of light or weather
condition, provides frequent re-visit imaging options, and is supported
by ground receiving stations that provide near real-time information
delivery services. This versatility makes RADARSAT-2 a reliable source
of information for disaster management, maritime monitoring,
deformation mapping and for other applications.
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 contracts. 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>