Company Demonstrates Success in Broadening Market Base
CAMBRIDGE, ON – June 25, 2001 – COM DEV International Ltd. (TSE: CDV) today announced that its wholly-owned subsidiary, COM DEV Space, has booked orders valued at $21.55 million for core products since May. Products include multiplexers and switches sold to both new and returning customers. The products will be manufactured at COM DEV Space’s Canadian plant in Cambridge, Ontario. COM DEV Space manufactures advanced products that are sold to the major satellite prime contractors for use in commercial communications and earth science satellites.
“These orders provide further evidence of the robust nature of COM DEV’s satellite communications business,” said Mike Pley, President of COM DEV Space. “In recent years, the Company has successfully outperformed traditional market cycle swings and continued to grow through increased market share. This bodes very well for the future of our space business.”
The contracts involved are with a variety of customers in North America and Europe that have placed contractual restrictions on publishing their names. If and when requested permissions are granted by the customers, full details of each contract will be announced.
About COM DEV
COM DEV International Ltd. (www.comdev.cc) based in Cambridge, Ontario, is a leading producer of wireless infrastructure, as well as the largest Canadian-based designer and manufacturer of space hardware subsystems. The company has two operating divisions: COM DEV Space and COM DEV Wireless.
COM DEV Space, with facilities in Canada and the United Kingdom, manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in commercial communications, earth science and space exploration satellites. COM DEV Space products directly enable communication satellite applications like telephony, direct-to-home TV, mobile telephony, satellite broadcast service and the delivery of interactive multimedia services. COM DEV Space’s advanced capabilities in complex subsystems are key elements of various interplanetary and earth monitoring space missions.
COM DEV Wireless designs and manufactures leading-edge wireless systems and subsystems.
