COM DEV wins contract on government satellite program
CAMBRIDGE, ON, Sept. 13, 2012 /CNW/ - COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded a contract valued in excess of US$4 million to provide satellite equipment for an established American customer. COM DEV will provide switch and multiplexer equipment operating in multiple commercial and military satcom frequency bands. Work on the contract will be carried out at the Company's facilities in Cambridge, ON, with delivery expected to be complete by August, 2013.
"Our Cambridge production facility continues to be very busy due to recent momentum in orders in both the commercial and government space sectors," said Mike Williams, President of COM DEV International Products. "This contract highlights COM DEV's unique range of capability to supply equipment for all standard frequency bands with high quality and low cost, based upon our experience on over 850 communications satellites in the commercial and government sectors."
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced subsystems and microsatellites that are sold to major satellite prime contractors, government agencies and satellite operators, for use in communications, space science, remote sensing and defense applications. COM DEV's majority-owned subsidiary, exactEarth Ltd., provides satellite data services.
This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.
The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.
SOURCE: Com Dev International Ltd.For further information:
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