RICHMOND, B.C., Feb. 20, 2012 /CNW/ - MacDonald, Dettwiler and
Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a Master Research Collaboration Agreement with the
Children's National Medical Center (Children's National) in Washington,
D.C. Through this collaborative partnership, MDA and Children's
National will develop advanced medical robotics and "smart tools" to
improve the quality of patient outcomes for children's surgeries. The
initial phase is valued at US$2.7 million.
'The Sheikh Zayed Institute for Pediatric Surgical Innovation at
Children's National builds partnerships, such as this one with MDA,
that will truly shift the paradigm of pediatric surgery,' said Peter
Kim, Vice President of the Sheikh Zayed Institute and Associate Surgeon
in Chief at Children's National. 'The tools and robotics we conceive
together moving forward will represent the first generation technology
specifically to focus on precision in children's surgery.'
'We're extremely excited to expand our medical business to provide
surgeons with the most advanced tools available,' said Craig Thornton,
the general manager responsible for this business area. 'We are
continually assessing complex surgical procedures that can be performed
more effectively and safely utilizing our innovative robotic
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
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 information products.
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.
("MDA") with respect to future events and financial performance. The
forward-looking statements in this regard include statements regarding
the award of a contract. Any such forward-looking statements are based
on MDA's current expectations, estimates, projections and assumptions
in light of its experience and its perception of historical trends. The
factors and assumptions underlying the forward-looking statements in
this release include contracts not being terminated. Any such
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from
current expectations. MDA cautions readers that should certain risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected.
The risks that could cause actual results to differ from current
expectations include failure of third parties and subcontractors;
failure of systems to meet performance requirements and failure to
anticipate changes in technology, technical standards and product
offerings or comply with the requisite standards.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
MDA's continuous disclosure materials filed from time to time with
Canadian securities regulatory authorities, which are available online
at www.sedar.com or on MDA's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
For further information:
MDA External Relations