AYLESBURY, England, May 1, 2013 /PRNewswire/ --
COM DEV Europe Ltd, a subsidiary of leading space hardware manufacturer COM DEV International (TSX: CDV), today announced that it has been granted formal Authorisation to Proceed (ATP) on a contract to develop sophisticated Radio Frequency (RF) electronics equipment for a major international satellite manufacturer. Further details will be announced when the formal contract is signed within the next month. The ATP enables advance work to begin on the contract, expected to be worth over £12 million. Work on the contract will take place at COM DEV's facility in Aylesbury UK and will last approximately 30 months.
"This contract cements COM DEV Europe's reputation for the supply of high-reliability RF Electronics and builds upon a successful Phase B programme completed in 2012," said Rob Spurrett, President of COM DEV Europe. "This is particularly pleasing since it shows the confidence that my team has engendered with the customer's design and management team."
About COM DEV Europe
COM DEV Europe (CDE) is subsidiary of COM DEV International, a leading global designer and manufacturer of space hardware subsystems. Founded in 1985 and based in Aylesbury, United Kingdom, CDE supplies complex equipment, technology solutions and subsystems for space applications with equipment supplied on over 85 space programmes. Its customer base includes all the major space satellite providers as well as government institutions.
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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Business Development Director
COM DEV Europe
SOURCE Com Dev International Ltd.