CAMBRIDGE, ON, Feb. 1 /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 commercial communications satellite. The
initial release, which permits engineering activity to begin and
production to start, is valued in excess of US$3 million. It is
anticipated that the final contract will be in place by the end of
March 2011, and will be in excess of US$11 million. COM DEV will
provide L 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.
"Commercial satellite communications continues to be a robust market in
which COM DEV is demonstrating how cost effective its products are by a
healthy influx of orders this year," said Michael Pley, CEO of COM
DEV. "This order adds to our growing commercial backlog and
demonstrates the faith our customers have in us to quickly deliver
products of the highest quality."
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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