Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed several strategic Memorandums of Understanding (MOUs) with key organizations in England and Wales to position itself as a leading provider of Home Information Packs (HIPs). HIPs, which consist of legal, disclosure and home inspection documents, must be provided by home sellers to prospective home buyers in England and Wales beginning in 2007.
Through these alliances, MDA intends to develop significant early routes to market through a process whereby after an initial trial, the organizations would adopt and promote the usage of MDA-developed and managed HIPs services to their respective members. MDA's MOUs are with the following organizations:
The MOUs, which begin an immediate cooperative process to ensure that MDA's HIP offering is responsive to market needs, are expected to convert to more formal agreements. MDA is proceeding to start offering trials of its HIP service in late 2005 in order to be ready for a legislated dry run phase in 2006.
About MacDonald, Dettwiler and Associates Ltd. (MDA)
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 2,500 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.