COM DEV Wins Commercial Contract for High Throughput Communications Satellite

CAMBRIDGE, ON, Oct. 15, 2014 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded a fully funded contract in excess of $13 million to deliver Ka-band equipment, including multiplexers, switches and microwave equipment to be used on a high throughput communications satellite. The satellite is being built to add needed capacity to data communication users in Europe and Africa and address additional markets there and in the Americas. In addition to fixed beams it will also have steerable beams that can be directed to different regions depending on market demand.

Work on the contract will be carried out at the Company's facility in Cambridge, Ontario with completion expected by November 2015.

"This is an important contract win for us as it leverages our expertise in Ka-band communications and is our first contract on a new satellite platform," said Mike Williams, President of COM DEV International Products. "Our ability to provide products that meet the growing demand for data and are adaptable to new platforms will help us maintain our leadership position in the communications satellite industry."

About COM DEV

COM DEV International Ltd. (www.comdev.ca) is a leading global provider of space hardware and services. The company has a staff of 1,200, annual revenues of $216 million, and facilities in Canada, the United Kingdom and the United States. 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 900 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.

Gary Calhoun, Chief Financial Officer, Tel: [phone] ext. 2826, [email protected]; Craig MacPhail, TMX Equicom, Tel: [phone] ext. 290, [email protected]