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COM DEV Wins Follow-on Commercial Contract

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  Published in Science and Technology on Friday, September 24th 2010 at 5:35 GMT by Market Wire
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CAMBRIDGE, ON, Sept. 24 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that it has been awarded an authorization to proceed (ATP) to provide switches, filters and multiplexers for a commercial communications satellite. The ATP, valued at US$1.8 million, is expected to lead to a full contract valued in excess of US$7 million. The Company expects to complete work on the contract by the end of fiscal 2011 at its facility in Cambridge, Ontario.

The contract represents the fourth satellite order resulting from an agreement first announced in January, 2010, under which COM DEV provided the customer with pricing terms for equipment on four satellites.

"We have been seeing a trend whereby some customers are negotiating terms with us in advance on multiple spacecraft that they plan to build and launch. This is one of many indications that the commercial communications satellite market remains robust," said Michael Pley, Interim CEO of COM DEV. "We are happy to work with our customers in this manner, and pleased to win their repeat business."

About COM DEV

COM DEV International Ltd. ([ www.comdevintl.com ]) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.

This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.

The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.

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