MDA Expands RADARSAT Business in China
MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has signed two contracts with EarthSTAR Inc., a subsidiary of EarthView Image Inc., totaling approximately CA$10 million.
The first contract is a multi-year extension of RADARSAT-2 distribution rights. In addition, the contract includes exclusive distribution rights for China, effective November 11, 2014. The RADARSAT-2 information will be used to support government and commercial users in China in areas such as land use management, environmental monitoring, subsidence monitoring, and disaster response.
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Under the second contract, MDA will provide a ground station able to receive and process data from the RADARSAT-2 satellite. The station is expected to be installed and operational in late 2015.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy. The satellite acquires data regardless of light or weather condition, provides frequent re-visit imaging options, and is supported by ground receiving stations that provide near real-time information delivery services. This versatility makes RADARSAT-2 a reliable source of information for disaster management, maritime monitoring, deformation mapping and for other applications.
Source : MacDonald, Dettwiler and Associates Ltd. - view original press release
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