CAMBRIDGE, ON, July 8, 2013 /CNW/ - COM DEV International Ltd. (TSX: CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded a contract from a prime satellite provider to deliver Ku-band and Ka-band multiplexers, switches and microwave components.
The components will be used on a high-power communications satellite, which will increase the operator's offer of TV channels to its customers and its physical coverage. The full contract value is expected to be in excess of $9 million and work will be carried out at the Company's facility in Cambridge, Ontario with completion expected by August 2014.
"COM DEV's expertise in Ku and Ka-band satellite components is unmatched in the industry," said Mike Williams, President of COM DEV International Products. "This, along with our broad portfolio of products, is a significant factor in winning competitive contracts like this"
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. The company has a staff of 1,300, annual revenues of $208 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.
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