Richmond, BC - MDA, a Maxar Technologies company (NYSE: MAXR) (TSX: MAXR), announced today its partnership in a network team led by Alberta Innovates that was selected by the Government of Canada for a Strategic Innovation Fund (SIF) investment. The Canadian Agri-Food Automation and Intelligence Network (CAAIN) will bring technology and agri-food companies together with academic partners to create new solutions that improve competitiveness and drive growth in both the agriculture and technology sectors.
The SIF investment, totalling CAD $49.5 million over five years, was announced on July 22 in Edmonton by Natural Resources Minister Amarjeet Sohi, on behalf of Innovation, Science and Economic Development Minister Navdeep Bains.
"MDA is excited for this opportunity to co-invest together with our partners and the Government of Canada to drive innovation in the agri-food sector, particularly in relation to artificial intelligence and emerging sensor technologies," said Mike Greenley, group president of MDA. "We look forward to working collaboratively with a broad ecosystem of Canadian industry and academic partners to advance state-of-the-art technologies."
Within the network, MDA will conduct a program of research and technology development to advance enabling Artificial Intelligence (AI) technologies with applications in the agriculture sector. MDA will also advance core data collection and data management technologies that use multiple sensor types, including hyperspectral imaging. In cooperation with its network partners, MDA will field the core AI and data technologies in a series of information service demonstrations, including those targeted at applications related to precision farming and supply chain management.
The CAAIN network is committed to selecting projects through transparent competitive processes. Administration of projects and the CAAIN network will be provided by Alberta Innovates. Project-based matching industry funding will ensure that projects are directed at developing solutions for opportunities and challenges facing the agri-food sector in Canada.
MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defense and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax and the United Kingdom. MDA is a Maxar Technologies company (TSX: MAXR) (NYSE: MAXR). For more information visit www.mdacorporation.com.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
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