Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today its U.S subsidiary, Marshall & Swift/Boeckh (MSB), one of two approved sources, cited by the U.S. Internal Revenue Service (IRS) as reliable for cost segmentation, has teamed with RS Means, one of North America’s leading suppliers of construction cost information and the second approved IRS source of cost segmentation, to develop the most comprehensive and authoritative automated database for relevant building cost data for use in cost segregation studies.
Using MSB’s proven online workflow of CostSeg-Pro, the combined databases create efficiencies that streamline and simplify the cost segmentation calculation process. With this unique marketing agreement, MDA is able to align the majority of potential users of authorized cost data to a single source solution.
The new collaborative database available through MSB enables property owners to gain a more immediate tax credit from depreciating essential portions of buildings using a single source solution. The MSB CostSeg-Pro estimating system and database creates efficiencies that streamline and simplify the cost segmentation calculation process, while providing the relevant building cost data needed for virtually any property study.
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 information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,300 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.