MDA's advanced technology solution to support O3b communication satellite network
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has received a contract valued in excess of €15 million ($22.5 million CAD) from Thales Alenia Space to provide a number of advanced technology solutions. The solutions will be used for eight Medium Earth Orbit communication satellites that are being designed and manufactured for O3b Limited.
For immediate release: January 6, 2010
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that it has received a contract valued in excess of €15 million
($22.5 million CAD) from Thales Alenia Space to provide a number of advanced
technology solutions. The solutions will be used for eight Medium Earth Orbit
communication satellites that are being designed and manufactured for O3b
Limited.
O3b Limited will build a global Internet backbone for
telecommunication companies and Internet Service Providers. These solutions will
provide simultaneous data transmission and reception over Africa, Asia, Oceania
and South and Central America—the majority of
these areas are not connected to fibre networks.
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.o3bnetworks.com
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 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.
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 contract 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; risks of performance on firm fixed price
contracts; 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 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


