CAMBRIDGE, ON, Nov. 24, 2011 /CNW/ - COM DEV International Ltd.
(TSX:CDV), a leading manufacturer of space hardware subsystems, today
announced that it has been awarded two follow-on contracts to provide
equipment for a replacement commercial satellite. The contracts are
fully funded with a combined value in excess of CDN $7 million. COM
DEV will provide L, C, Ka, & Ku band switches, multiplexers, filters
and microwave components for the satellite, which is designed for
communications and broadcasting. Work on the contracts will be carried
out at the Company's facility in Cambridge, Ontario with completion
expected by January 2013.
"These contracts represent repeat business from a long-standing and
valued customer," said Mike Williams, President of COM DEV
International Products. "We are always pleased to be able to showcase
our capabilities by providing a full range of passive microwave
equipment for a satellite."
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.
SOURCE Com Dev International Ltd.
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