EL SEGUNDO, CA, Oct. 20 /CNW/ - COM DEV USA, LLC, a subsidiary of COM
DEV International Ltd. (TSX: CDV), today announced that it has been
awarded a contract valued in excess of US$6 million to provide UHF
passive microwave equipment for a satellite payload. The equipment will
be similar to that which COM DEV USA is supplying under a previous
contract awarded by the same customer in 2009. Design and production
work will be performed at COM DEV USA's manufacturing facility in El
Segundo, California with delivery scheduled by the end of calendar
Earlier today, COM DEV International announced a separate contract under
which its International Products division will provide equipment for
the same satellite.
"We are very pleased to see two divisions of our organization win
contracts on the same spacecraft," said Michael Pley, Interim CEO of
COM DEV International. "Both had to compete separately for the
business, and their joint success demonstrates the leadership each
enjoys in its respective market, as well as the synergies available to
us from our US expansion strategy."
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.
The triangular logo and the word COM DEV are each registered trademarks
and the property of COM DEV Ltd. All rights reserved.
SOURCE Com Dev International Ltd.
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