CAMBRIDGE, ON, Nov. 8 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded contracts to provide switches and other microwave components for a commercial communications satellite. The total value of the contracts is in excess of CDN$6 million, and will be recorded as a new order in the Company's 2010 fiscal year. The Company expects to complete work on the contracts by the end of fiscal 2011 at its facility in Cambridge, Ontario.
"We are pleased to win repeat business from one of our long-standing customers," said Michael Pley, Interim CEO of COM DEV. "This particular satellite will be deployed primarily to deliver HD video programming, which continues to be a major driver of demand for additional commercial satellite capacity."
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 [email protected] |
Jeff Codispodi The Equicom Group Tel: (416) 815-0700 ext. 261 [email protected] |
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