CAMBRIDGE, ON, Sept. 24, 2014 /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 deliver Multiplexer Equipment, Waveguide and Coaxial
Switches, and Microwave Components to be used on a high throughput
communications satellite designed to provide direct-to-home premium
television content to the Middle East and North Africa.
The total value of the initial contract is over $7.5 million with an
expansion to the contract expected in the coming weeks to include
additional equipment valued over $5.5 million. Work on the contract
will be carried out at the Company's facility in Cambridge, Ontario
with completion expected by August 2015.
"This contract award reflects both the continued growth in the market
from the increased demand for broadband capacity and our expertise in
Ku-band components," said Mike Williams, President of COM DEV
International Products. "This expertise, along with our years of
experience on demanding projects, has established our leadership
position in the communications satellite industry."
About COM DEV
COM DEV International Ltd. (www.comdev.ca) is a leading global provider of space hardware and services. The
company has a staff of 1,200, annual revenues of $216 million, and
facilities in Canada, the United Kingdom and the United States. COM DEV
designs manufactures, and integrates advanced products, 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 defence applications. The company has
won contracts to supply its equipment on over 900 spacecraft. COM DEV's
majority-owned subsidiary, exactEarth Ltd., provides satellite data
services for global maritime surveillance.
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:
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
Tel: (416) 815-0700 ext. 290