Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that the company's U.S. subsidiary, DataQuick, has signed multi-year contracts to provide current, accurate property information to three leading U.S. firms in the lending market. The contracts are collectively valued at US$9 million over the next five years.
MDA's information solutions provide these companies with a stable, long-term supply of extensive nationwide property information that enhances their real estate information databases and their workflow processes, allowing them to offer their customers more powerful and streamlined products.
Dan Friedmann, President and CEO of MDA said: "These contracts reflect the fact that more and more companies are realizing that DataQuick is a vital source for some of the most extensive and accurate nationwide property information available."
DataQuick is a premier provider of U.S. real property information, offering extensive, up-to-date information on approximately 80 million properties across the country.
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.