COM DEV Wins Commercial Contract

CAMBRIDGE, ON, April 27 /CNW/ - COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded an Authorization To Proceed (ATP) contract to provide equipment for a new commercial satellite.  The initial release, which permits engineering activity to begin and production to start, is valued in excess of US$1.5 million.  It is anticipated that the final contract will be in place early May 2011, and will be in excess of US$5 million.  COM DEV will provide Ka and Ku band switches, multiplexers and filters for the satellite designed for mobile communications.  Work on the contract will be carried out at the Company's facility in Cambridge, Ontario with completion expected by the middle of its 2012 fiscal year.

"We are pleased to continue our long relationship with this important customer and the addition of this order to our healthy backlog shows that COM DEV continues to lead in this market where the demand for the best value products is taking on an ever increasing importance," said Michael Pley, CEO of COM DEV. "Requirements for this satellite program involve a rigorous testing regime which plays well into COM DEV's strengths of having established space test resources that are enhanced by our proprietary CODE ONE test system."

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

 

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Com Dev International Ltd.

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