COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded follow-on contracts totaling more than CDN$7 million to provide passive microwave equipment for a military communications satellite. COM DEV will supply UHF diplexers, switch and filter assemblies, standalone switches and ancillary components. The Company expects to complete work on the contracts by the end of its 2011 fiscal year at its facility in Cambridge, Ontario.
“We are pleased to be selected to continue to work on this program, having already supplied equipment for several earlier spacecraft in the constellation,” said John Keating, CEO of COM DEV International. “In addition to these contracts which we will service from our Cambridge facility, we announced last month that our U.S. subsidiary had won a separate contract for work on the same satellite.”
About COM DEV
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.
For further information
Gary Calhoun, Chief Financial Officer, Tel: (519) 622-2300 ext. 2826, gary.calhoun@comdev.ca
Jeff Codispodi, The Equicom Group, Tel: (416) 815-0700 ext. 261, jcodispodi@equicomgroup.com
