RICHMOND, BC, Feb. 18, 2014 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed contracts in excess of CA$1 million with two leading
international mining customers to provide critical information to
monitor surface deformation at and in the vicinity of their mines.
MDA will apply advanced RADARSAT-2 technology to detect subtle surface
changes over a broad area. Early detection of changes, such as land
shifts that could cause ground subsidence, allows remedial actions to
happen before problems escalate and impact the environmental safety or
production activities of the mine. MDA will also provide analytical
reports that compare the historical to the current situation. These
reports are valuable support documents required for regulatory
The RADARSAT-2 satellite has global high-resolution surveillance
capabilities that include a large collection capacity and high
accuracy. The satellite acquires data regardless of light or weather
condition, provides frequent re-visit imaging options, and is supported
by ground receiving stations that provide near real-time information
delivery services. This versatility makes RADARSAT-2 a reliable source
of information in monitoring programs.
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.
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;
partial or complete failure of satellite(s) or related subsystems;
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