MDA to modernize the Land Title and Survey Authority of British Columbia's Information Solutions and Processes
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has signed a contract for over $13.5 million (CAD) with the Land Title and Survey Authority of British Columbia (LTSA) to modernize the LTSA’s existing information solutions and upgrade associated business processes. The contract allows for additional amounts for maintenance and support.
For immediate release: December 14, 2009
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today it has signed a contract for over $13.5 million (CAD) with the
Land Title and Survey Authority of British Columbia (LTSA) to modernize the
LTSA’s existing information solutions and upgrade associated business processes.
The contract allows for additional amounts for maintenance and
support.
MDA will work with the LTSA to modernize existing information
solutions, which support the Land Title and Surveyor General Divisions,
including enhancements to land title and survey search and filing functionality.
MDA will assist in the development of customer portals for legal professionals
and land surveyors that will modernize the way these professionals access the
LTSA’s services. Organizational change management services will be provided by
MDA to support the planning, training and operational introduction of the LTSA’s
new solution. MDA will also provide systems maintenance support for the existing
Land Title Register and associated services during the modernization initiative,
and subsequently, for the new Land Title Register following
deployment.
This contract award signals the continuation of a long and
successful working relationship between MDA and the LTSA that began in 1999 with
MDA's operation of BC OnLine, where land title instrument transactions represent
over 50% of annual volumes. MDA assisted with the development of the LTSA’s
Electronic Filing System for land title instruments in 2004, and surveys plans
(2004 over Crown Land, and 2008 to the Land Title Register), and continues to
maintain the service.
Godfrey Archbold, president and CEO of LTSA said
‘We have complete confidence in MDA as our partner in the LTSA’s business
modernization initiative. Increased levels of automation will be introduced and
the consistency, accuracy, and efficiency of land title registrations will be
enhanced for both external customers and employees. This initiative is essential
to meet our service level commitments into the future and to ensure that the
LTSA’s business is sustainable from an economic, human resource, and technology
perspective.’
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.
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.
Related
Websites:
www.mdacorporation.com
www.ltsa.ca
Forward-Looking
Statements
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 launch of a property claims estimating solution (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 NCR performing as expected. 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 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


