VANCOUVER, June 15, 2017 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has signed a contract with Scanex, a leader in the field of satellite monitoring. MDA will provide a RADARSAT-2 ground station solution and extend the provision of RADARSAT-2 data for an additional three years, enabling Scanex to continue serving and distributing RADARSAT-2 data products and information services to institutional and commercial clients.
David Belton, MDA's vice president responsible for the geospatial business said, "The success of MDA's long-term partnership has resulted in continued growth for Scanex in developing application expertise using RADARSAT-2 data for supporting many agencies needing accurate and timely land and maritime information." Further adding, "Scanex is significantly expanding the value it is providing to its extensive group of users by adding the near real-time capabilities brought by the RADARSAT-2 ground station."
MDA has supplied Scanex with RADARSAT data products and information since 2004, supporting a network of ground stations that provide for near real-time data processing and image product delivery. The ground stations provide satellite monitoring support for a variety of value added applications such as ocean surveillance, natural resource monitoring, ice monitoring, mapping, and emergency response.
"Radar imagery is an essential and powerful data source for any maritime applications such as safety and security, situational awareness, oil spill or ship detection. RADARSAT-2 is indispensable for ice mapping and monitoring and we use it extensively to provide vital information to our end users including captains of ice breakers and other vessels. Our mission is to provide timely and convenient access to critical high-quality information and we rely on our trusted long-term partners, such as MDA, to support the mission," said Scanex General Director Valery Barinberg.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy data acquisition. The satellite acquires data regardless of light or weather condition, provides frequent re-visit imaging options, and is supported by international ground receiving stations that provide near real-time information delivery services. This versatility makes RADARSAT-2 a reliable source of information for maritime monitoring, ice monitoring and other applications.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800 employees operating from 15 locations in the United States, Canada, and internationally.
The Company's common shares trade on the Toronto Stock Exchange under the symbol "MDA."
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the award of a contract. Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not limited to: risks associated with operating a satellite including in-orbit failures or impaired satellite performance; quality issues, failure of systems to meet performance requirements, potential for product liability, or the occurrence of defects in products or systems could result in lost revenue and harm to the Company's reputation; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.
Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | [email protected]
Marissa Poratto | MDA Investor Relations | 1-604-331-2044 | [email protected]
SOURCE MacDonald, Dettwiler and Associates Ltd.