CAMBRIDGE, ON, Nov. 8 /CNW/ - COM DEV International Ltd. (TSX:CDV), a
leading manufacturer of space hardware subsystems, today announced that
it has been awarded contracts to provide switches and other microwave
components for a commercial communications satellite. The total value
of the contracts is in excess of CDN$6 million, and will be recorded as
a new order in the Company's 2010 fiscal year. The Company expects to
complete work on the contracts by the end of fiscal 2011 at its
facility in Cambridge, Ontario.
"We are pleased to win repeat business from one of our long-standing
customers," said Michael Pley, Interim CEO of COM DEV. "This particular
satellite will be deployed primarily to deliver HD video programming,
which continues to be a major driver of demand for additional
commercial satellite capacity."
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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