RICHMOND, BC, Sept. 22, 2011 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed contracts in excess of CA$990,000 with
Luossavaara-Kiirunavaara AB (LKAB) and a leading potash producer to
provide critical information from RADARSAT-2 for monitoring surface
deformation at and in the vicinity of their mines. The contract with
LKAB extends an existing agreement for a further three years.
MDA will apply advanced RADARSAT-2 technology to detect subtle surface
changes, weather independent, over a broad area. Early detection of
changes, such as subsidence, allows remedial actions to happen before
problems escalate and impact the environmental safety or production
activities of the mine. MDA will also provide analytical reports that
compare the historical to the current situation. These reports are
valuable support documents required by regulatory organizations.
MDA provides advanced information solutions that capture and process
vast amounts of data, produce essential information, and improve the
decision making and operational performance of business and government
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from
complex operational systems, to tailored information services, to
electronic information products.
The Company's common shares trade on the Toronto Stock Exchange under
the symbol TSX:MDA.
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This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") with respect to future events and financial
performance. The forward-looking statements in this regard include
statements regarding the award of a contract. Any such forward-looking
statements are based on MDA's current expectations, estimates,
projections and assumptions in light of its experience and its
perception of historical trends. The factors and assumptions underlying
the forward-looking statements in this release include contracts not
being terminated. Any such forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from current expectations. MDA cautions readers that
should certain risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from
those expected. The risks that could cause actual results to differ
from current expectations include satellite failure; failure of third
parties and subcontractors; failure of systems to meet performance
requirements and failure to anticipate changes in technology, technical
standards and offerings or comply with the requisite standards.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
For further information:
MDA External Relations