MDA continues to support Mexico's largest oil company with advanced RADARSAT products
FOR IMMEDIATE RELEASE
Richmond, B.C. -
MacDonald, Dettwiler and Associates Ltd. (TSX:
MDA), a provider of essential information solutions, announced today that
it has signed an additional contract valued at US$751,000 with Petroleos
Mexicanos (PEMEX) for the continued monitoring of natural oil seeps and spills
in the Gulf of Mexico using advanced RADARSAT satellite data. This is the fifth
contract that PEMEX has signed with MDA since 2000.
The RADARSAT data contains critical information to aid PEMEX in the exploration
and development of its offshore oil production activities. MDA also provides
analytical reports that identify clusters of naturally occurring oil slicks
that represent positive indicators of present-day hydrocarbon generation and
migration. This information is used to enhance the performance of exploration
activities in the Gulf of Mexico.
PEMEX has also been using RADARSAT data operationally for the environmental
monitoring of oil slicks in the Gulf of Mexico for over a decade. In this time
RADARSAT data has become fully integrated into PEMEX's maritime monitoring
program to increase its environmental performance and response strategy.
Dave Hargreaves, the vice president responsible for this business said, ‘PEMEX
represents one of the world’s largest oil companies. Their ongoing and
expanding work with MDA is a great endorsement of our level of service and the
value PEMEX receives from the information products MDA delivers.’
About MDA
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.
The Company's common shares trade on the Toronto Stock Exchange under the
symbol TSX:MDA.
Related Websites:
www.mdacorporation.com
www.pemex.com
Forward-Looking
Statements
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 government 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 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; satellite failure 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 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.
For more information, please contact:
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


