RICHMOND, BC, May 24 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a contract for $2.5 million (CAD) with ScanEx Research and Development Center (ScanEx) to provide RADARSAT data information to multiple ground stations in Russia over three years. The information will be used by Russian commercial, academic, and government users for applications that include maritime navigation, environment effects, ice monitoring, mapping and emergency response.
MDA has supplied ScanEx with RADARSAT data information since 2004, supporting a network of ground stations in Russia that are built, maintained, and serviced by ScanEx. The ground stations provide satellite monitoring support for the entire Russian territory, and adjacent regions.
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 worldwide.
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.
About ScanEx RDC
ScanEx Research and Development Center (ScanEx R&D Center) is the leading Russian company in the remote sensing market that offers a complete set of services ranging from acquisition to thematic processing of Earth observation images from space. Portfolio: designing and manufacturing of hardware/software complexes for spatial data reception and processing, development of software applications for satellite data reception, storage, processing and interpretation, cataloging of world leading remote sensing programs' data, generation of thematic end products, rendering web-mapping services.
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; changes in government priorities, funding levels, contracts and regulations; satellite failure; and failure to anticipate changes in technology, technical standards and 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: Wendy Keyzer, MDA External Relations, (604) 231-2743, firstname.lastname@example.org