|By PR Newswire||
|April 22, 2014 05:01 PM EDT||
RICHMOND, BC, April 22, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, announced today that it has signed a contract with DigitalGlobe, Inc., to expand its existing direct access ground systems to include the ability to task, downlink, and process imagery from the WorldView-3 and GeoEye-1 satellites.
MDA has also signed an agreement to become DigitalGlobe's preferred supplier of ground station solutions offered to international customers. This is an update to an agreement announced in December 2006. MDA's solution enables customers to directly access the optical imaging capabilities of the supported satellites to obtain timely and accurate geospatial data that is critical for decision-making.
Don Osborne, MDA's group vice president of Information Systems said, "We are excited to renew our long-standing partnership agreement, which allows DigitalGlobe and MDA to deliver systems enabling direct access to DigitalGlobe's satellite constellation that provide the world's highest resolution commercial imagery."
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential. In addition, the Company conducts a significant amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,800 employees operating from 11 offices located in the United States, Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") 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, but are not limited to: risks associated with interfacing with a satellite including in-orbit failures or impaired satellite performance; failure of third parties and subcontractors; failure of systems to meet performance requirements; and failure to anticipate changes in technology, technical standards and offerings or compliance 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 under the Company's profile 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.
SOURCE MacDonald, Dettwiler and Associates Ltd.
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