CAMBRIDGE, ON, Nov. 6, 2012 /CNW/ - COM DEV International Ltd. (TSX:CDV), a
leading manufacturer of space hardware subsystems, today announced that it has
been awarded an Authorization to Proceed (ATP) contract to begin work on a
project to deliver Ku-band and Ka-band multiplexers, switches and microwave
components. The first funding release of US$7 million is to cover the initial
engineering and procurement activities. The components will be used in a
communications satellite to provide additional and incremental capacity for
Direct-to-Home (DTH) programming. The full contract value is expected to be in
excess of US$15 million and work will be carried out at the Company's facility
in Cambridge, Ontario with completion expected by March 2014.
"We are very pleased with this contract win which reflects the growth we are
seeing in the market from the increased demand for broadband capacity and the
natural replacement cycle of existing satellites," said Michael Pley, CEO of
"This builds on our expertise in Ku-band and Ka-band technology and solidifies
our dominant position in the commercial communications satellite industry,"
added Mike Williams, President of COM DEV International Products.
COM DEV International Ltd. (www.comdevintl.com) is a leading global designer
and manufacturer of space hardware subsystems. With facilities in Canada,
the United Kingdom and the United States, COM DEV manufactures advanced
products and subsystems that are sold to major satellite prime contractors for
use in communications, space science, remote sensing and military satellites.
This news release may contain certain forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from results
indicated in any forward-looking statements. The Company cautions that, among
other things, in view of the rapid changes in communications markets and
technologies, and other risks including the cost and market acceptance of the
Company's new products, the level of individual customer procurements and
competitive product offerings and pricing, and general economic circumstances,
the Company's business prospects may be materially different from
forward-looking statements made by the Company.
The triangular logo and the word COM DEV are each registered trademarks and
the property of COM DEV Ltd. All rights reserved.
Gary Calhoun Chief Financial Officer Tel: (519) 622-2300 ext. 2826
Craig MacPhail TMX Equicom Tel: (416) 815-0700 ext. 290
SOURCE: Com Dev International Ltd.
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