Maxar Technologies' MDA Announces New LaunchPad Program to Benefit Technology and Innovation in Canada

Maxar Technologies' MDA Announces New LaunchPad Program to Benefit Technology and Innovation in Canada

PR Newswire

Furthers strategy for future growth and value creation while executing key strategic initiatives

OTTAWA, Oct. 19, 2018 /PRNewswire/ - MDA, a Maxar Technologies company  (NYSE: MAXR) (TSX: MAXR), today announced the company's LaunchPad program, which will serve as an entry point for innovative small and medium-sized Canadian companies and academic research groups seeking to collaborate with MDA on technology or innovation projects. MDA LaunchPad will create partnerships that build and grow Canadian businesses in the fast-paced space and defence industries.

Small and Medium-Sized Enterprises (SMEs) and academic research groups can contact the MDA LaunchPad team to:

  • Explore potential collaboration regarding the development of world-class technology
  • Bring new products or business opportunities together
  • Jointly enter a new market
  • Collaborate on research and development ideas that are of mutual interest
  • Collaboration on other types of projects

"A crucial aspect of creating growth is widening the arc of the very market you serve—creating a larger, more collaborative economic sector with an array of industrial participants that enable one another," said Mike Greenley, group president of MDA.  "As a market leader, MDA has the unique opportunity to provide a powerful engine to fuel economic growth. Partnering with other companies, particularly highly innovative SMEs, as well as academia, MDA provides essentially a "business incubator" to support the global environment of rapid technological advances that require flexible and innovative responses to emerging market opportunities. Allowing greater financial self-sufficiency, structure and services for SMEs within the new space economy and the associated technology spin-offs helps build a better world."

"I am also delighted to announce MDA's LaunchPad during Small Business Week. The Government of Canada and Small Business and Export Promotion Minister Mary Ng are committed to making it as easy as possible for Canadian small businesses to succeed, and we at MDA are proud to add our expertise and voice to that goal," added Greenley.

The Government of Canada expects MDA, as the country's anchor space company and one of the leading defence companies, to lead—which means reaching out across the Canadian industrial base to enable all of Canada's industrial sector to both shape and enable each other. MDA plans to leverage the powerful combination of the four industry-leading companies that comprise Maxar Technologies to provide a platform of convergence and access to expanded networks to support MDA LaunchPad.

Learn more at www.mdacorporation.com/launchpad

About MDA

MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defence 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.

Forward-Looking Statements

Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this release.

Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this release. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov or on the Company's website at  www.maxar.com.

The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this release or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this release as a result of new information or future events, except as may be required under applicable securities legislation.

Contact

Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | wendy.keyzer@mdacorporation.com

Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | jason.gursky@maxar.com  

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SOURCE Maxar Technologies Ltd.