RICHMOND, BC, Nov. 11 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has received funding from the Canadian Space Agency to advance key technologies to meet current and future needs of the Canadian Space Program. The three contracts are funded under the Space Technologies Development Program.
MDA will develop solutions for future space exploration missions including a universal docking interface that will allow lunar vehicles to share resources such as power and data, and a vision system to locate and capture sample containers on the Moon or Mars for return to Earth. The third contract will further develop MDA's next generation Wireless Synthetic Aperture Radar (WiSAR) technology by advancing a critical component that measures the shape of the antenna of the satellite, once in orbit.
'These projects provide the opportunity for us to advance our remote sensing and robotics technology base to meet the needs of the Canadian Space Program and emerging commercial markets,' said Steve Oldham, one of MDA's vice presidents within the Information Systems group.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,200 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. 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. Any such forward-looking statements are subject to risks and uncertainties and MDA's actual results of operations could differ materially from historical results or current expectations. 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 changes in government priorities, funding levels, contracts and regulations; failure of third parties and subcontractors; failure of systems to meet performance requirements; and failure to anticipate changes in technology, technical standards and product offerings or comply with the requisite standards.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to MDA's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online at www.sedar.com or on MDA'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.
For further information: For further information: Wendy Keyzer, MDA External Relations, (604) 231-2743, firstname.lastname@example.org