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SOURCE MacDonald, Dettwiler and Associates Ltd.
RICHMOND, BC, Feb. 24, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that it has signed contracts totaling approximately CA$3.5 million dollars with Collecte Localisation Satellites (CLS), France. MDA will extend its provision of RADARSAT-2 data to ground stations located in Brest, France; La Reunion Island; and Kerguelen Islands.
The RADARSAT-2 imaging capabilities are used by CLS to derive information and support a number of applications: maritime surveillance and detection of illegal, unregulated and unreported fishing ships in the South Western Indian Ocean, around the Heard and MacDonald Islands, and around Kerguelen Island; and for mapping, research and maritime surveillance around Europe and over French overseas Economic Exclusive Zones.
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.
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. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,800 employees operating from 11 offices located in the United States, Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
CLS was founded in 1986 by CNES (French space agency), and IFREMER (French research institute for the exploration of the sea). CLS Group is a global provider of location services, environmental data collection, ocean observation, maritime and land surveillance services. It employs 500 people operating from 17 offices and is present in more than 100 countries.
CLS has been providing satellite monitoring services for more than 10 years around the Heard and MacDonald Islands, and around Kerguelen Island to support the detection of illegal, unregulated and unreported fishing activities in the Southern Indian Ocean.
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.
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