MDA extends its monitoring service of oil fields for leading energy company
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 contracts totaling CA$1.7 million with a leading integrated oil company
to expand MDA’s current monitoring program.
MDA will detect subtle surface changes, independent of weather, and over entire
oil fields using advanced RADARSAT-2 high-resolution surveillance capabilities.
Early detection of surface movement allows the company to improve production
efficiency and mitigate environmental risks in their oil fields. MDA will also
provide analytical reports that compare historical movement to the current
situation.
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
Forward-Looking Statements:
This release contains forward-looking statements and information, which reflect
the current view of MacDonald, Dettwiler and Associates Ltd. (“MDA”) 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 failure of
third parties and subcontractors; failure of systems to meet performance
requirements; changes in government priorities, funding levels, contracts and
regulations; satellite failure; and failure to anticipate changes in
technology, technical standards and 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.


