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
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
"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.
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