RICHMOND, BC, Feb. 27, 2012 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a contract for CA$4.2 million with Earth Video Camera
Inc., (operating as UrtheCast, www.UrtheCast.com) to provide them with information solutions to be incorporated into two
high-definition video cameras to be installed on the International
Space Station in late 2012. The cameras will stream pictures and
constant, near-live video to Earth for potential uses in education,
environmental information, disaster monitoring and consumer-generated
The information will be offered through a consumer-centric website
created by UrtheCast, a subsidiary of Earth Video Camera Inc., that
will allow users to track the location of the Space Station, and then
as it passes over a particular geographic location, allow access to the
video data and imagery of the area, thus providing the opportunity for
more immediate awareness of events around the world.
Scott Larson, president of UrtheCast stated 'We are thrilled to have MDA
as part of this project and to be able to add them to a team that
already includes RSC Energia, Rutherford Appleton Labs in the UK, and
the Russian Federal Space Agency. A project like this is obviously
quite involved and complex, and MDA is the right partner. We look
forward to working closely with them on a variety of fronts over the
duration of this project.'
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.
UrtheCast (pronounced "EarthCast") is providing the world's first ever,
near-live HD video feed of Earth from space. Working with world class
partners, UrtheCast is building, launching, installing, and operating
two cameras on the Russian module of the International Space Station.
Video data of the Earth collected by the cameras will be down-linked to
ground stations around the planet and then displayed in near real time
on the UrtheCast web platform, or distributed directly to our exclusive
partners and customers.
- ### -
Urthecast Media Contact:
Calgary: +1 (403) 245-8550
Toronto: +1 (416) 419-9953
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA") 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 and the ongoing
functioning of the video cameras and ground stations. 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 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
MDA's continuous disclosure materials filed from time to time with
Canadian securities regulatory authorities, which are available online
at www.sedar.com or on MDA'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