New name signals company's focus on leading
new era of space innovation
BRAMPTON, ON, March 7,
2024 /PRNewswire/ - MDA Ltd. (TSX: MDA), a trusted
mission partner to the rapidly expanding global space industry,
today announced it has rebranded to MDA Space, an identity
evolution that honours the past, recognizes the present, and
further positions the company to lead in a new era of space
innovation.
"The addition of Space to our brand is a natural evolution.
The core of our brand identity is, and always will be, MDA – the
three iconic letters that stand for our 55-year heritage, our more
than 450 missions, and our record of firsts," said Mike Greenley, CEO of MDA Space. "Today, MDA is
honoured to have the trust of some of the world's biggest players
and most innovative companies driving the expansion of the global
space economy."
The global space economy is accelerating and scaling at a rapid
rate, growing to $509B in 2023 and
projected to become a $1.5T industry
by 2040.
MDA Space has also seen extraordinary growth in recent years,
with an expanding operational footprint and a rapidly growing
workforce that now numbers 3,000 space engineers, scientists,
technicians, and business leaders across Canada, the United
States and the United
Kingdom.
"Our mission is to build the space between proven and possible,"
added Greenley. "It's what we have always done and it's what we
will keep on doing. At MDA Space, we have an elite and
highly-skilled team creating solutions that bring our customers
value and help them to address some of the most critical problems
and complex challenges on Earth. We are ready to support and enable
the next era of yet-to-be-imagined missions."
To meet the needs of the emerging global commercial space
market, MDA Space has invested in one of the world's most diverse
portfolios of proven next-generation space technology,
including:
- A game-changing new software-defined satellite product that
addresses the growing demand for higher performance and
cost-effective digital constellations;
- CHORUS, a fourth-generation Earth observation constellation
that builds on the legendary RADARSAT program that will provide
market-leading data and insights; and,
- A new suite of cost-effective, flexible and readily-available
commercial space robotics that can serve a variety of missions,
leveraging best-in-class technology derived from Canadarm3.
ABOUT MDA
SPACE
Building the space between proven and possible, MDA Space
(TSX:MDA) is a trusted mission partner to the global space
industry. A robotics, satellite systems and geointelligence pioneer
with a 55-year+ story of world firsts and more than 450 missions,
MDA Space is a global leader in communications satellites, Earth
and space observation, and space exploration and infrastructure.
The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge
and know-how to turn an audacious customer vision into an
achievable mission – bringing to bear a one-of-a-kind mix of
experience, engineering excellence and wide-eyed wonder that's been
in our DNA since day one. For those who dream big and push
boundaries on the ground and in the stars to change the world for
the better, we'll take you there. For more information, visit
www.mda.space.
FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Company's current expectations regarding future events.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward-looking information. Such risks and
uncertainties include, but are not limited to, the factors
discussed under "Risk Factors" in the Company's Annual Information
Form available on SEDAR+ at www.sedarplus.com. MDA Space does
not undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
SOCIAL MEDIA
LinkedIn:
linkedin.com/company/mdaspace
X:
twitter.com/MDA_space
Facebook: facebook.com/MDAspace
YouTube:
youtube.com/c/mdaspace
Instagram: instagram.com/MDA_space
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SOURCE MDA Ltd.