COM DEV Wins Commercial Contract for High Throughput Communications Satellite

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:

Gary Calhoun
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
gary.calhoun@comdev.ca 

Craig MacPhail
TMX Equicom
Tel: (416) 815-0700 ext. 290
cmacphail@tmxequicom.com

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Com Dev International Ltd.

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