Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has signed a strategic agreement with RapidEye AG (RapidEye), provider of commercial satellite imagery products and services, to become the exclusive supplier of RapidEye satellite ground stations based on MDA direct downlink solutions, to the global surveillance and reconnaissance market.
The RapidEye information solution includes a constellation of five Earth Observation satellites and the related ground infrastructure. RapidEye delivers land information products and services derived from the RapidEye constellation to enable monitoring, mapping, and disaster management applications.
As part of the agreement, MDA will provide surveillance and reconnaissance customers with ground systems capable of programming, receiving and processing imagery from the constellation of RapidEye satellites. These systems will be offered both as additions to existing satellite ground stations and as completely new ground stations.
David Hargreaves, one of MDA’s vice presidents in the Information Systems group said, ‘The strategic cooperation agreement established between MDA and RapidEye will enable our team to provide our operational defense and intelligence customers with secure near real-time direct access to the broad area surveillance capabilities of the RapidEye constellation.’
Wolfgang Biedermann, CEO, RapidEye said, ‘The expansion of the RapidEye offering to include direct data downlink services will complement RapidEye's core products and services business and will allow RapidEye to serve even more customers with near real-time imaging requirements.’
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 3,200 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.