Project Eve partners with MDA to develop next-generation solutions for electric mobility

TORONTO, Feb. 22 /CNW/ - Project Eve, a consortium of Canadian companies, announced today that it has signed a definitive agreement with MDA to advance essential electric mobility technologies and solutions.

Under the terms of the agreement, Project Eve and MDA will combine their collective capabilities to advance key enabling technologies; to coordinate marketing and business development efforts; and to design, deliver and enhance advanced electric mobility technologies and solutions. 

"Electric mobility is an area where we believe our expertise, assets and capabilities can add value. Our previous work with similar technologies in extreme operating conditions can be part of the progress needed to realize some of the potential inherent in electric mobility, said Roy Jakola, Director, Terrestrial Applications for MDA.  Working with technology partners is a big part of our culture, and Project Eve's approach to improving electric mobility technologies and solutions appeals to us."

"We are very happy to have this opportunity to work with MDA and its people. Their project and technology expertise adds significantly to our collective ability to advance key technology areas such as light weighting, alternative power technologies, electrical system capabilities and durability, battery life cycle management, communications, and fleet information capabilities", said Steve Dallas, co-founder of Project Eve, and the CEO of Toronto Electric.

Project Eve's formation was announced in September of last year at Electric Mobility Canada's annual conference in Vancouver B.C.  Project Eve is an open consortium of Canadian companies interested in advancing electric mobility technologies and solutions for licensing and export.

About Project Eve
Project Eve brings together Canadian skills and products for the purpose of producing and supporting key Canadian content in EV's. The consortium intends to advance electric mobility technologies by working with Fleet Managers to manufacture, test, support and improve EV's and their components for the Canadian Fleet and export environment. Other goals include reducing vehicle weight, improving safety, extending battery life, advancing charging technologies, environmental programs for EV life cycles, and designing for electric grids and data grids. 

About MDA
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 organizations worldwide.

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.

Related Websites:
www.projecteve.ca
www.mdacorporation.com

Forward-Looking Statements: 
This press release may contain certain forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA"). Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of such terms or variations of them or similar terminology. Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions made in light of its experience and its perception of historical trends. Any such forward-looking statements are subject to risks and uncertainties and MDA's actual results of operations could differ materially from historical results or current expectations. The risks that could cause actual results to differ from current expectations include general economic and regulatory changes; detrimental reliance on third parties; and failure of counterparties in financing arrangements.

For additional information with respect to certain of these risks or factors, plus additional risks or factors, you are referred to the risk factors described in MDA's most recent annual Management's Discussion and Analysis, Annual Information Form and other documents on file with the Canadian securities regulatory authorities, available online at www.sedar.com or www.mdacorporation.com. The forward-looking statements and information contained in this press release represent MDA's views only as of today's date. MDA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation. You should not place undue reliance on forward-looking statements.

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

SOURCE Project Eve

For further information:

John M Scott
Director, Project Eve
Telephone: 416-721-0790
E-mail: jscott@projecteve.ca

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Project Eve

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