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Ontario invests in micro-satellite technology

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Com Dev
: 30 November, 2009  (Company News)
Com Dev to benefit from part of Southern Ontario’s investment plans to develop micro-satellite systems technology in the region
Com Dev International will benefit from an investment of $5.2 million to create world-class micro-satellite system technology, products and services. The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, made the announcement at the company's headquarters in Cambridge today.

'Our government is committed to providing greater economic opportunities for the people, businesses and communities of southern Ontario,' said Minister Goodyear. 'This investment will create jobs and help reinforce Com Dev International's micro-satellite technology, which will strengthen Ontario's position as a world leader in this growing market.'

This partnership is funded under the Southern Ontario Development Program (SODP), which will allow Com Dev to launch the first generation of its micro-satellites and establish Ontario as a world leader in this emerging industry.

'We are very pleased to obtain the direct support of the federal government as we build out the infrastructure to enable us to pursue an exciting new growth opportunity,' said John Keating, Chief Executive Officer of Com Dev International. 'We believe there is a significant market both in Canada and internationally for micro-satellites and the data they are uniquely capable of gathering.'
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