CAMBRIDGE, ON, Dec. 22 /CNW/ - COM DEV International Ltd. (TSX:CDV) today announced that it has won a contract valued at approximately CDN$7 million to provide waveguide and coaxial switches for a commercial broadband communication satellite. COM DEV expects to complete work on the contract by the summer of 2010 at its facility in Cambridge, Ontario.
"Broadband communications represents an important driver of demand for additional communication satellite capacity, and when combined with the need for HDTV transmissions and the natural replacement cycle, helps make for a robust commercial marketplace," said John Keating, CEO of COM DEV International. "This is a major switch order from a long-standing customer. I believe our unparalleled manufacturing capabilities and proven ability to deliver on large contracts was an important factor in the customer's decision."
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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