Richmond, BC - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that it has signed a contract valued at CA$14 million with the Land Title and Survey Authority of British Columbia (LTSA) to provide an operational electronic parcel map solution known as ParcelMap BC.
Under this project, MDA will design and implement a GIS-based system for the LTSA to create and maintain a single, complete, trusted and sustainable representation of British Columbia’s integrated parcel fabric. The project also involves consolidating existing surveyed Crown parcel data, and titled land parcel data originally held in over 180 disparate local government datasets, into a single operational database with each parcel connected to the Land Title Register or Crown Land Registry.
ParcelMap BC will provide a complete visual representation of British Columbia’s land parcels, which represents the current state of surveyed and titled parcels on Crown and private land. This information will allow the LTSA to deliver vital information about land to private industry, government and the general public.
LTSA President and Chief Executive Officer Godfrey Archbold said, “The LTSA is pleased to work with MDA and thanks stakeholders for their contributions in making the ParcelMap BC initiative a reality.”
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company's common shares trade on the Toronto Stock Exchange under the symbol "MDA."
This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the award of a government contract. Any such forward-looking statements are based on MDA’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government agency not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not limited to: changes in government priorities, mandates, policies, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online under the Company’s profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.