COM DEV appoints David Masotti to Board of Directors

CAMBRIDGE, ON, Feb. 23 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that David Masotti has been appointed to its Board of Directors, as well as the Board's Human Resources and Compensation Committee.  Mr. Masotti is an experienced business leader, corporate director and entrepreneur who currently serves as Executive Chairman of life sciences biodefence company Defyrus Inc. and Managing Director of Tancho Innovation Capital.

Mr. Masotti has general management experience in numerous industries including telecommunications, aerospace and venture capital.  His previous leadership roles have included President and Chief Operating Officer of Chemtrade Logistics Inc., President of Rogers Telecom Inc., and President of Spar Space Systems.  Mr. Masotti has an Electrical Engineering Degree from Queen's University and an MBA from the Harvard Business School.  He is a member of the Board of Trustees at Queen's University.

"David is a welcome addition to our board," said Terry Reidel, Chairman of the Board of Directors.  "His track record of establishing and leading successful businesses will be beneficial to COM DEV as we continue to execute our strategy."

About COM DEV

COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware subsystems.  With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.

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:

Gary Calhoun
Chief Financial Officer
Tel:  (519) 622-2300 ext. 2826
gary.calhoun@comdev.ca
Jeff Codispodi
The Equicom Group
Tel: (416) 815-0700 ext. 261
jcodispodi@equicomgroup.com

Profil de l'entreprise

Com Dev International Ltd.

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