MDA announces successful launch of Canada's DND Sapphire satellite
RICHMOND, BC, Feb. 25, 2013, 2013 (Canada NewsWire via COMTEX) --
MacDonald, Dettwiler and Associates
Ltd. ("MDA" or "the Company") (TSX: MDA), a provider of essential information solutions, announced today that
the Sapphire satellite developed by MDA for Canada's Department of
National Defence (DND) has been launched into its proper orbit, and
communication with the satellite has been established. The satellite
was launched out of the Satish Dhawan Space Centre, Sriharikota, India
on February 25, 2013 at 4:26a.m. PST.
Canada's Sapphire is the Department of National Defence's first
dedicated operational military satellite. This space-based
electro-optical sensor will track man-made space objects in Earth's
orbit between 6,000 and 40,000 km in altitude, as part of Canada's
continued support of Space Situational Awareness. Data from the
Sapphire satellite will contribute to the U.S. Space Surveillance
Network, enhancing the ability of both countries to detect and avoid
the collision of critical space platforms with other satellites or
pieces of debris.
Daniel Friedmann, MDA's president and CEO said, "We are very pleased to
see the Sapphire satellite successfully launched. This is MDA's first
solution for the growing space surveillance market. Studies have shown
that with increases in space debris, and the threat to the systems and
services growing, space-based space surveillance will become more and
more crucial to provide collision avoidance capabilities and prevent
system and service loss."
MDA will also operate and maintain the Sapphire System for five years
following system commissioning, expected approximately three months
from deployment. The Company's responsibilities include relaying
assigned taskings from DND to the satellite, processing the collected
information, and sending the data to the Sensor System Operations
Centre (SSOC) operated by DND at 22 Wing in North Bay, Ontario. Upon
receipt of the processed data, the SSOC will correlate, identify,
archive and transmit the information to the United States' Joint Space
Operations Center (JSpOC).
MDA is the prime contractor for the Sapphire program. The Sapphire
contractor team includes Terma A/S of Herlev, Denmark, COM DEV
International of Cambridge, Ontario, and Surrey Satellite Technology
Ltd. of Surrey, England. The launch provider is Antrix Corporation Ltd.
of Sriharikota, India.
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential. In addition the Company conducts a significant
amount of advanced technology development.
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 internationally.
The Company's common shares trade under the symbol TSX:MDA.
Terma develops products and systems for defense, non-defense, and
security applications, including command and control systems, radar
systems, self-protection systems for ships and aircraft, space
technology, and advanced aerostructures for the international aircraft
industry. The company, headquartered at Aarhus, Denmark, has a total
staff of 1,100 and realized 2011 revenues of USD 248 million, and
maintains international subsidiaries and operations in The Netherlands,
Germany, Singapore, and in the U.S.
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global provider of space hardware and services. The
company has a staff of 1,300, annual revenues of $208 million, and
facilities in Canada, the United Kingdom and the United States. COM DEV
designs, manufactures, and integrates advanced products, subsystems and
microsatellites that are sold to major satellite prime contractors,
government agencies and satellite operators, for use in communications,
space science, remote sensing and defense applications. The company has
won contracts to supply its equipment on over 900 spacecraft. COM DEV's
majority-owned subsidiary, exactEarth Ltd., provides satellite data
services for global maritime surveillance.
Surrey Satellite Technology Limited (SSTL) is the world's leading small
satellite company, delivering operational space missions for a range of
applications including Earth observation, science and communications.
The Company designs, manufactures and operates high performance
satellites and ground systems for a fraction of the price normally
associated with space missions, with 500 staff working on turnkey
satellite platforms, space-proven satellite subsystems and optical
Since 1981 SSTL has built and launched 39 satellites - as well as
providing training and development programmes, consultancy services,
and mission studies for ESA, NASA, international governments and
commercial customers, with its innovative approach that is changing the
economics of space. Headquartered in Guildford, UK, SSTL is owned by
Antrix Corporation Limited is a wholly owned Government of India Company
under the administrative control of the Department of Space, Government
of India. Antrix Corporation Limited was incorporated as a private
limited company owned by Government of India, in September 1992 as a
Marketing arm of Indian Space Research Organization (ISRO) for
promotion and commercial exploitation of space products, technical
consultancy services and transfer of technologies developed by ISRO.
Another major objective is to facilitate development of space related
industrial capabilities in India.
This news 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. When used in this news release, the words
"believes", "expects", "plans", "may", "will", "would", "could",
"should", "anticipates", "estimates", "project", "intend" or "outlook"
or other variations of these words or other similar expressions are
intended to identify forward-looking statements and information. Actual
results may differ materially from the expectations expressed or
implied in the forward-looking statements as a result of known and
unknown risks and uncertainties. Known risks and uncertainties include
but are not limited to: risks associated with operating satellites and
providing satellite services, including satellite construction or
launch delays, launch failures, in-orbit failures or impaired satellite
performance; risks associated with satellite manufacturing, including
competition, cyclicality of MDA's end-user markets, contractual risks,
creditworthiness of customers, performance of suppliers and management
of MDA's factory and personnel; risk associated with financial factors
such as volatility in exchange rates, increases in interest rates,
restrictions on access to capital, and swings in global financial
markets; risks associated with domestic and foreign government
regulation, including export controls and economic sanctions; and other
risks, including litigation. The foregoing list of important factors is
not exhaustive. The information contained in this news release reflects
MDA's beliefs, assumptions, intentions, plans and expectations as of
the date of this news release. Except as required by law, MDA disclaims
any obligation or undertaking to update or revise the information
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 www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
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SOURCE: MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer MDA External Relations (604) 231-2743 email@example.com
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