Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, June 1, 2011
Tue, May 31, 2011 
RICHMOND, BC, May 31 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that RADARSAT-2 information will be used by the Government of Russia to enhance their ability to provide critical information to support disaster relief, improve the safety of maritime navigation, and increase its ability to monitor, and respond to oil spills, etc.
MDA's deliveries of two RADARSAT-2 ground station solutions to ScanEx Research and Development Centre in Russia, included downlinks from the RADARSAT-2 satellite along with maintenance, training and support, for a contract value of over $4 million (CAD). The ground stations are located at the Samara State Aerospace University and the Northern Arctic Federal University, who will utilize the RADARSAT-2 data to support their educational and scientific programs.
David Hargreaves, the vice president responsible for this business said, 'The establishment of this RADARSAT infrastructure in Russia forms a basis for future business growth in both government and commercial markets in Russia and surrounding countries.'
According to the Vice President of ScanEx Olga Gershenzon, 'RADARSAT-1 and RADARSAT-2 offers rapid access to all-weather imagery and surveillance information that Russia can use in monitoring maritime, environmental, and shipping situations, ice cover in the Arctic Region, floods on Russian rivers, and in support of ships navigation though the Northern Sea Route, etc.'
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.
About ScanEx RDC
ScanEx Research and Development Center (ScanEx R&D Center) is the leading Russian company in the remote sensing market that offers a complete set of services ranging from acquisition to thematic processing of Earth observation images from space. Portfolio: designing and manufacturing of hardware/software complexes for spatial data reception and processing, development of software applications for satellite data reception, storage, processing and interpretation, cataloging of world leading remote sensing programs' data, generation of thematic end products, rendering web-mapping services.
Related Websites:
[ www.scanex.ru ]
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 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 and the ongoing functioning of MDA's RADARSAT-2 satellite. 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; changes in government priorities, funding levels, contracts and regulations; satellite failure; failure of systems to meet performance requirements and failure to anticipate changes in technology, technical standards and 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 the 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.
