MDA to provide critical information to monitor surface deformation in mines
RICHMOND, BC, Feb. 18, 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 contracts in excess of CA$1
million with two leading international mining customers to provide critical
information to monitor surface deformation at and in the vicinity of their
MDA will apply advanced RADARSAT-2 technology to detect subtle surface changes
over a broad area. Early detection of changes, such as land shifts that could
cause ground subsidence, allows remedial actions to happen before problems
escalate and impact the environmental safety or production activities of the
mine. MDA will also provide analytical reports that compare the historical to
the current situation. These reports are valuable support documents required
for regulatory organizations.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities
that include a large collection capacity and high accuracy. The satellite
acquires data regardless of light or weather condition, provides frequent
re-visit imaging options, and is supported by ground receiving stations that
provide near real-time information delivery services. This versatility makes
RADARSAT-2 a reliable source of information in monitoring programs.
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
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States, Canada, and
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: failure of third parties and
subcontractors; partial or complete failure of satellite(s) or related
subsystems; 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
The Toronto Stock Exchange has neither approved nor disapproved the form or
content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer MDA External Relations (604) 231-2743 email@example.com
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CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF ORDER
-0- Feb/18/2014 22:52 GMT
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