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

Press Release From: MDA
Posted: Friday, October 19, 2018

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.

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