CAMBRIDGE, ON, April 23, 2012 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been contracted to deliver hardware for a commercial satellite providing satellite TV and communications coverage over the Americas. COM DEV will provide Ku-band passive microwave equipment for a total contract value exceeding US$5 million. Work on the contract will be carried out at the Company's facility in Cambridge, Ontario with completion expected by March, 2013.
"This contract is an example of a longstanding customer placing an order that includes certain equipment they hadn't bought from us in the past, based on the excellent performance we can offer," said Mike Williams, President of COM DEV International Products. "This is one of the ways we are working to grow our market share in commercial communications satellite equipment, where we already have a strong position."
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.
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