RICHMOND, BC, June 10, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed a CA$2.2 million contract with Bruce Power, an
Ontario-based nuclear operator, to help develop inspection and
maintenance technologies as part of the design phase of the Bruce
Reactor Inspection and Maintenance System (BRIMS).
The objective behind BRIMS is to significantly reduce the durations of
nuclear reactor outages by improving the inspection and maintenance
technologies used in these difficult environments, which can only be
accessed by use of robotics.
"We have been selected to help improve inspection technologies, based on
the sound engineering and safety disciplines we have honed through many
years of working on space robotics solutions," said Don Osborne, who
heads up MDA's robotics business in Brampton.
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential. In addition, the Company conducts a significant
amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States,
Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
About Bruce Power
Bruce Power is the world's largest operating nuclear facility and is the
source of nearly a third of Ontario's electricity. The company's site
in Tiverton, Ontario is home to eight CANDU reactors, each one capable
of generating enough low-cost, reliable, safe and clean electricity to
meet the annual needs of a city the size of Hamilton. Formed in 2001,
Bruce Power is an all-Canadian partnership among TransCanada, Cameco,
Borealis Infrastructure Management (a division of the Ontario Municipal
Employees Retirement System) as well as the Power Workers' Union and
the Society of Energy Professionals. A majority of Bruce Power's 4,000
employees are also owners in the business.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") 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,
but are not limited to, failure of third parties and subcontractors,
failure of systems to meet performance requirements and failure to
anticipate changes in technology, technical standards and offerings or
compliance 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
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online under the Company's profile at www.sedar.com or on the Company'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