CAMBRIDGE, ON, June 18, 2015 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has received a series of orders to supply multiplexers, switches and ancillary equipment for a commercial communications satellite. The contract is valued in excess of $6 million, with work scheduled to be completed at COM DEV's facilities in Cambridge over the next year. All figures in this release are stated in Canadian dollars.
The satellite will include a payload designed for traditional broadcasting functions as well as a High Throughput Satellite (HTS) payload whose numerous spot-beams will provide a range of broadband data services to commercial customers.
"We are increasingly seeing HTS payloads included on commercial communications satellites, to enable the operators to exploit a growing market opportunity," said Mike Williams, president of
COM DEV's products division. "We are pleased to be in a position to supply a range of equipment for both types of payloads."
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 more than 1,250, annual revenues of over $200 million, and facilities in Canada, the United Kingdom, the United States, India and China. 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 950 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.
For further information: Gary Calhoun, Chief Financial Officer, Tel: (519) 622-2300 ext. 2826, [email protected]; Jeff Codispodi, Director, Investor Relations & Communications, Tel: (519) 622-2300 ext. 2844, [email protected]