MDA’s Information Systems group (MDA) announced today that it has signed a contract with the Malaysian Remote Sensing Agency (MRSA) to provide RADARSAT-2 information that will be used to support a number of applications, such as agriculture monitoring, and natural disaster response. MRSA has used RADARSAT information to support various applications since 2003.
MRSA has been utilizing the recent access to RADARSAT-2 information to aid in the search of the missing Malaysia Airlines Flight MH370.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity, high accuracy, and wide-area coverage that is extremely useful in imaging the vast tracts of territory. 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 multi-faceted intelligence surveying and monitoring programs.
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: risks associated with operating a satellite including in-orbit failures or impaired satellite performance; failure of third parties and subcontractors; 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.comor 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.
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