Telescope will be the largest, most complex and most powerful ever built
OTTAWA, July 25, 2012 /CNW/ - COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has completed work on the instrument it designed and built for the James Webb Space Telescope, successor to the Hubble Space Telescope. The two-in-one instrument, which is Canada's contribution to the Webb program, will serve to point the telescope precisely, allowing it to peer into the distant Universe, and study stars and planets in other stellar systems. The instrument has been accepted by COM DEV's customer, the Canadian Space Agency, and is set to be shipped to NASA next week for integration into the telescope.
"Our work on the James Webb Space Telescope has been one of the largest and most complex programs in our company's history," said Michael Pley, CEO of COM DEV. "It has allowed us to develop and extend our world-class capabilities in guidance sensors and opto-mechanical design for a highly challenging environment. It is an example of the highest standard of space engineering by our Canadian Division, done in close collaboration with our customer, the Canadian Space Agency."
The delivery of this instrument represents the culmination of nearly nine years of work for a total contract value of $136 million. Over 90% of that revenue has been generated since November, 2005 when COM DEV paid approximately $5 million to acquire certain assets including the space science and optical instruments operation that had contracted to work on the Webb program.
Canada is providing Webb's Fine Guidance Sensor (FGS), as well as one of the telescope's four science instruments: the Near-Infrared Imager and Slitless Spectrograph (NIRISS).
Slated for launch in 2018, the James Webb Space Telescope is a joint project between NASA, the European Space Agency and the Canadian Space Agency. The Webb telescope will examine the first stars and galaxies to form after the Big Bang, study the formation of new stars, and seek extra-solar planetary systems capable of supporting life on planets like Earth. Canada's contribution, designed, built and tested by COM DEV at its facilities in Ottawa and Cambridge, Ontario, guarantees Canadian astronomers a share of observing time once the telescope launches.
"Imagine the challenge at hand here: design and deliver technology capable of unprecedented levels of precision to conduct breakthrough science on board the largest, most complex and most powerful telescope ever built," said Steve MacLean, President of the Canadian Space Agency. "The Webb telescope will be located 1.5 million kilometres from Earth— too far to be serviced by astronauts like Hubble was. At that distance, the technology simply has to work. This is the outstanding level of excellence Canadians are capable of achieving. It's something for all of us to be proud of."
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced 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 defense applications. COM DEV's majority-owned subsidiary, exactEarth Ltd., provides satellite data services.
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.
Image with caption: "COM DEV's Fine Guidance Sensor (FGS) Canada's contribution to the James Webb Space Telescope. Photo courtesy of the Canadian Space Agency (CSA) and the Communications Research Centre (CRC). (CNW Group/Com Dev International Ltd.)". Image available at: http://photos.newswire.ca/images/download/20120725_C2573_PHOTO_EN_16421.jpg
Image with caption: "COM DEV's Fine Guidance Sensor (FGS) undergoing cryogenic testing at the David Florida Laboratory. Photo courtesy of the Canadian Space Agency (CSA) and the Communications Research Centre (CRC). (CNW Group/Com Dev International Ltd.)". Image available at: http://photos.newswire.ca/images/download/20120725_C2573_PHOTO_EN_16425.jpg
SOURCE: Com Dev International Ltd.
Gary Calhoun
Chief Financial Officer
Tel: (519) 622-2300 ext. 2826
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Jeff Codispodi
The Equicom Group
Tel: (416) 815-0700 ext. 261
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