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MDA to Establish a Satellite Centre of Excellence in Montreal
Friday, May 12, 2017Company Profile | Careers | Follow Company
Richmond, BC, May 12, 2017--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a global communications and information company, today announced that its Quebec subsidiary has signed a Letter of Intent with the Government of Quebec to establish a Satellite Centre of Excellence in Montreal.
Quebec will provide financial support of up to:
"MDA is a world leader in satellite systems, and is pleased to be collaborating with the Government of Quebec on the establishment of our Satellite Centre of Excellence. Today's announcement demonstrates and reinforces MDA's ongoing commitment to Quebec and Canada. These innovations will deliver significant value to our customers and will secure our position as a leader in this market," said Dr. Marc Donato, Vice President of Operations, Information Systems Group.
About MDA
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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, but are not limited to, the ability of the parties to execute on the terms and conditions of the loan agreement. 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: risks associated with executing the parties strategy and plans for future satellite production and operation; unexpected deterioration of economic and financial conditions; changes in government policies, priorities, regulations or government agency mandates, or funding levels through agency budget reductions, the imposition of budgetary constraints or a decline in government support or deferment of funding for programs in which the Company or its customers participate; risks associated with satellite manufacturing, including competition, cyclicality of end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of factory and personnel; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risk associated with financial factors such as volatility in exchange rates, increases in interest rates and restrictions on access to capital; failure of third parties and subcontractors; failure of systems to meet performance requirements; and failure to anticipate changes in technology, technical standards and offerings or comply with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. Except as required by law, MDA disclaims any obligation or undertaking to update or revise the information herein.
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