RICHMOND, BC, March 20 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that the Company has taken a controlling interest in Orbital Optics Limited
(OOL), a commercial spin-off of the Rutherford Appleton Laboratory (RAL) based
in Oxfordshire, England. The acquisition is worth approximately (pnds
RAL created OOL as a commercial entity in April 2006; granting it the
exclusive worldwide license to commercialize its proven high-resolution
optical data collection technology.
According to Steve Oldham, Director of Business Development at MDA: "This
acquisition not only improves MDA's ability to offer unique highly competitive
solutions for small satellite mission opportunities around the world, but it
also increases our content on these bids. In addition, this U.K. presence and
the associated strong relationship with RAL is expected to increase our market
access to European opportunities for small satellite missions."
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 earth and space based information solutions,
ranging from complex operational systems, to tailored information services, to
electronic information products.
MDA employs more than 3,000 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.
About Rutherford Appleton Research Laboratory and Orbital Optics Limited
Rutherford Appleton Laboratory has over 50 years experience designing and
building space instruments, with more than five successful Earth imaging
systems in operation, and direct involvement in more than 150 space missions.
Orbital Optics Limited currently has an instrument flying on the UK's TOPSAT
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)