RICHMOND, BC, July 10, 2012 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a contract valued at approximately CA$35 million with
United Kingdom-based Avanti Communications Group plc to provide a
Ka-band broadband communications payload solution for their HYLAS 3
satellite. HYLAS 3 will provide satellite data communications services
covering Africa and the Middle East, and is expected to launch in 2015.
The award of the HYLAS 3 payload to MDA is another testament to MDA`s
leadership position in Ka-band multi-beam solutions.
Don Osborne, the vice president responsible for this business, said "MDA
is delighted to begin work on HYLAS 3 to leverage its world-class
Ka-band satellite technology in support of Avanti's continued growth
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.
About Avanti Communications
Avanti sells satellite data communications services to telecoms
companies which use them to supply residential, enterprise and
institutional users. Avanti's first satellite called HYLAS 1, launched
on November 26, 2010 and is the first superfast broadband satellite
launched in Europe. Avanti's second satellite, called HYLAS 2, is on
target for launch in August 2012. It will extend Avanti's coverage to
Africa, Caucasia and the Middle East. Avanti's third satellite HYLAS
3, to be launched in partnership with ESA in 2015, will provide further
capacity in the EMEA region. 80% of Avanti's fleet capacity will
address the Emerging telecommunications markets of Africa, Caucasia and
the Middle East.
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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 a contract being awarded and 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 failure of third parties and
subcontractors; failure of systems to meet performance requirements;
satellite failure and failure to anticipate changes in technology,
technical standards and offerings or comply with the requisite
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