MSB renews claim settlement solution with top insurer
For immediate release: October 2, 2009 Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that its U.S. subsidiary Marshall & Swift/Boeckh (MSB) has renewed its multi-million multi-year license to provide a claims settlement solution to one of the largest homeowner insurance carriers in the U.S.
Richmond, B.C. - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that its U.S. subsidiary Marshall & Swift/Boeckh (MSB) has
renewed its multi-million multi-year license to provide a claims settlement
solution to one of the largest homeowner insurance carriers in the
U.S.
The claim settlement solution provides the insurer with the ability
to quickly and effectively settle claims on homeowners’ insurance policies,
underwritten by the insurer. The extensively researched proprietary data and
information along with the workflow delivers accurate settlement estimates in a
quick and efficient manner. The information solution was deemed, by the insurer
to be the most appropriate for them as well as the adjusters and contractors who
work for them.
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.msbinfo.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 renewal of a license. 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 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 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


