Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed three exclusive 5-year contracts with HIP providers in England and Wales to further position itself as a leading provider of Home Information Packs (HIPs).
After many months of evaluating potential supply partners, HIP London, House Inspect Ltd., and Survey and Valuation Company have chosen MDA as the partner who can provide the most comprehensive solution to support their offering of a complete HIP to independent estate agents. These companies will distribute, under their own brand, HIPs produced by MDA. Additionally, House Inspect and Survey and Valuation Company employ their own Home Inspectors to ensure both a rapid turnaround and a quality product tailored to each client's individual requirements.
HIP London, located in central London, is an established group of chartered surveyors with established relationships with a number of the Top 50 estate agencies in central London. HIP London will market a "white label" solution that will allow them to offer fully compliant and warranted HIPs.
House Inspect Ltd, based in Hampshire, is a firm of dedicated home inspectors which is forming a growing network with local estate agencies and solicitors in the south of England. House Inspect Ltd. will offer a complete HIP service, including the mandatory Energy Performance Certificates and their own optional Home Condition Reports.
Survey and Valuation Company (SAV), located in Lancashire, north west England, is a network of home inspectors offering significant access to independent estate agencies and lenders in that region. SAV intends to concentrate on the provision of Energy Performance Certificates as part of their HIP offering.
Martin Willard, Managing Director of MDA Advantage stated "We are delighted to be partnered with three quality companies in different regions who are all targeting to be leaders in their field and we look forward to a long and successful relationship with each of them."
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 3,000 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.