MDA partners with UK Land Registry to offer advanced information solution for commercial developments
For immediate release: March 24, 2010 Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today a new service provided in partnership with the UK Land Registry. Based on information supplied by the Land Registry and multiple other sources, MDA will offer commercial property developers and other stakeholders ongoing electronic access to a complete suite of property-related information and tools, covering all the individual properties in a commercial development area.
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA),
a provider of essential information solutions, announced today a new
service provided in partnership with the UK Land Registry. Based on
information supplied by the Land Registry and multiple other sources,
MDA will offer commercial property developers and other stakeholders
ongoing electronic access to a complete suite of property-related
information and tools, covering all the individual properties in a
commercial development area.
The new service takes the current land-referencing service provided by
property solicitors to a whole new level. Under this new service MDA
can offer all authorized stakeholders in a commercial development with
electronic subscriptions to a geospatial representation of all the
relevant land-related data layers in a development area.
Primary customers for the service will be the property solicitors who
are engaged by developers and local governments to pull together all
the property-related information that may have legal relevance,
including all title, environmental, and planning aspects, and to
maintain that information for the duration of the development and
beyond.
The Company has now signed up a major commercial law firm and its
commercial client in England to provide the new electronic service for
a specific large development project with an estimated duration of 15
years.
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 launch of a new service provided in partnership with the UK Land
Registry (the “Solution”). 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 the Solution performing as expected. 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 inherent risks in
the information products market, including general economic,
regulations and competitor changes; changes in government priorities,
funding levels, contracts and regulations; susceptibility of customers
in property transaction-related industries; 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.
For more information, please contact:
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


