RICHMOND, BC, Sept. 22, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it was selected by the Canadian Space Agency (CSA) for three projects. Under the first project, MDA plans to evaluate how radar and optical images can be combined to detect and track ships more rapidly. Rapid identification allows decision makers to use information as efficiently as possible to support Canada's maritime surveillance capability.
Under the second project, MDA aims to improve the solution for monitoring geohazards in pipeline corridors. Early detection of changes, such as land shifts that could cause ground subsidence or landslides, allows remedial actions to happen before problems escalate and create a risk to pipelines. The information could provide pipeline developers and operators with critical risk assessment information, and potentially support more reliable monitoring of pipelines in Canada and worldwide.
For the third project, MDA intends to demonstrate the added value of RADARSAT-2 in the monitoring of forest areas by providing information on forest clear or partial cut, and to develop innovative features that will enable its use in detecting forest disturbances. The results of this project could improve the Canadian Forest Service's current practices for disturbance mapping, providing added value to their activities, such as maintaining a national-scale carbon budget.
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 11 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 government contracts. 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 with any government agency 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: changes in government priorities, mandates, policies, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
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.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
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MDA External Relations