RICHMOND, BC, May 28 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that over the past several months, five major U.S. homeowners insurance
carriers have entered into an agreement with MDA's U.S. subsidiary Marshall &
Swift/Boeckh (MSB), to integrate MSB's InterChange(TM) database into its
policy valuation quoting system for improved point-of-sale processing.
Launched in 2006, InterChange draws on MDA's combined suite of property
information sources in the U.S. and currently holds validated records on
nearly half the single-family homes across the U.S., with new property
information incorporated as it becomes available. Through proprietary
screening, scoring, and amalgamation techniques, aggregated single-family home
characteristics data is validated for use by property insurers. Data
validation allows homeowners insurers to more accurately determine insurable
values and premiums, which improves and streamlines the acquisition of new
home insurance policies.
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
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
MDA employs more than 3,200 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX:MDA.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. with
respect to future events and financial performance. 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. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)