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
"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.
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