Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today a business agreement with xit2 to use the xit2 survey exchange network called Valuation Exchange in support of MDA’s production of Home Information Packs (HIPs).
To produce the Home Condition Report required as part of each HIP, MDA will be contracting a large number of Home Inspectors across England and Wales trained in a variety of different data capture forms used under various Home Inspector Certification Schemes. Through their survey exchange network xit2 provides the electronic infrastructure to select and interact with a large cross section of these Home Inspectors, using the data capture forms each individual Home Inspector is trained on.
Dan Friedmann, President and CEO of MDA commented: "This business agreement provides us with a significant additional access to Home Inspectors to produce the Home Condition Reports needed for our HIPs, as well as an efficient electronic infrastructure which seamlessly integrates with our HIP solution."
Paul Duckworth, Chief Executive of xit2 commented: "We're delighted that MDA have chosen the xit2 Valuation Exchange to support their HIP proposition. Now that we have a definite date for the introduction of HIPs, it is crucial that firms ensure that the solution they chose is proven and robust."
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 2,700 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.
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and MDA's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect MDA's financial results are detailed in documents filed from time to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.