CAMBRIDGE, ON, Sept. 3, 2015 /CNW/ - COM DEV International Ltd. (TSX:CDV) today announced that its aerospace product line known as AVSAT has reached several important milestones and is actively pursuing opportunities in the rapidly evolving aviation technology market.
COM DEV, while best known as a world leading manufacturer of space hardware, has also built a successful business providing equipment that enables aircraft to communicate securely with satellites. AVSAT products play a vital role in keeping aircraft safety and navigation systems connected with control towers and other ground infrastructure via global satellite networks, regardless of where the aircraft is located.
COM DEV's AVSAT team has built a reputation for quality, performance, and delivery, as demonstrated by the following accomplishments:
- recently shipped its 10,000th Diplexer Low Noise Amplifier
- achieved 100% on-time delivery for the past 10 years
- attained more than 75% market share of the diplexers/LNAs used within the Inmarsat Lband satcom market worldwide
"We are proud to be able to apply our RF expertise to a technology that helps people feel safe when travelling by air," said Mike Williams, president of COM DEV's products division. "AVSAT is a multi-million dollar business that has been growing at approximately 6% annually and we are confident in the new opportunities that will enable us to double its size within the next five years."
COM DEV is targeting its AVSAT growth efforts on "Connected Aircraft," focusing on new products to support Future Air Navigation Systems (FANS) and higher data rates, as well as accessing new markets previously unserved by satellite communications. The Company is partnering with select communications equipment suppliers in order to participate in next generation systems for both cockpit and cabin services.
About COM DEV
COM DEV International Ltd. (www.comdevinternational.com) is a leading global provider of space hardware and services. The Company has a staff of more than 1,250, annual revenues of over $200 million, and facilities in Canada, the United Kingdom, the United States, India and China. COM DEV designs, manufactures and integrates advanced products, subsystems and microsatellites that are sold to major satellite prime contractors, government agencies and satellite operators, for use in communications, space science, remote sensing and defence applications. The Company has won contracts to supply its equipment on over 950 spacecraft. COM DEV's majority-owned subsidiary, exactEarth Ltd., provides satellite data services for global maritime surveillance.
This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.
The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.
SOURCE Com Dev International Ltd.
For further information: Gary Calhoun, Chief Financial Officer, Tel: (519) 622-2300 ext. 2826, [email protected]; Jeff Codispodi, Director, Investor Relations & Communications, Tel: (519) 622-2300 ext. 2844, [email protected]