CAMBRIDGE, ON, Oct. 20 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been appointed to begin major subsystem development and manufacturing work for a civil space satellite. COM DEV is responsible for designing, building and testing of advanced radio-frequency (RF) electronics. Following the settlement of final terms and conditions, the Company expects to sign a full contract valued in excess of CDN$12 million. COM DEV expects to complete work on the program within approximately the next two years at its facilities in Cambridge, Ontario.
"We are pleased to be an integral part of a program that will provide important information to scientists who are looking to better understand the Earth's global climate issues," said John Keating, CEO of COM DEV International. "This program enables us to demonstrate our diverse engineering competencies and deliver an integrated subsystem to a customer who can then concentrate on the overall mission aspects."
The satellite is part of continuing effort on the part of scientists to monitor and understand the processes which govern the behavior of the Earth's global climate and its changes. COM DEV's equipment will be responsible for detecting and processing extremely faint signals created by atmospheric conditions in the field of view of the satellite.
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.
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SOURCE COM DEV International Ltd.
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