COM DEV Wins Commercial Contract

CAMBRIDGE, ON, Nov. 24, 2011 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded two follow-on contracts to provide equipment for a replacement commercial satellite.  The contracts are fully funded with a combined value in excess of CDN $7 million.  COM DEV will provide L, C, Ka, & Ku band switches, multiplexers, filters and microwave components for the satellite, which is designed for communications and broadcasting.  Work on the contracts will be carried out at the Company's facility in Cambridge, Ontario with completion expected by January 2013.

"These contracts represent repeat business from a long-standing and valued customer," said Mike Williams, President of COM DEV International Products.  "We are always pleased to be able to showcase our capabilities by providing a full range of passive microwave equipment for a satellite."

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:

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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