COM DEV secures access to key technology with strategic investment in Anokiwave
CAMBRIDGE, ON, May 12, 2015 /CNW/ – COM DEV International Ltd. (TSX:CDV) today announced that it is making a US$500,000 investment in Anokiwave Inc., a radio frequency integrated circuit (RFIC) designer and supplier. COM DEV is participating in Anokiwave’s recent financing raise and has secured access to Anokiwave’s advanced technology. Under the agreement, the two companies will collaborate and jointly pursue opportunities in the space market.
The satellite industry is experiencing rapid innovation that is enabling satellites to achieve improved flexibility, higher functionality, reduced mass and lower costs. COM DEV has helped drive this innovation, and continues to invest in an R&D roadmap that will help its customers take advantage of the emerging applications envisioned for satellites.
Anokiwave is a technology leader in the development and supply of microwave and millimeter wave active electronically scanned array (AESA) and silicon core integrated circuits for commercial terrestrial and government systems.
COM DEV has an established heritage in the space industry and will become Anokiwave’s strategic partner for that market.
“Anokiwave has developed some very advanced technology that nicely complements our own product roadmap,” said Michael Pley, CEO of COM DEV. “We are pleased to be able to support their continued growth, and look forward to working with them to develop the next generation of products for the satellite communications market.”
“Anokiwave is proud to partner with COM DEV, a market leader in satellite communications equipment manufacturing,” said Robert Donahue, CEO of Anokiwave. “We look forward to a long-term successful relationship on the eve of what is expected to be a rapid expansion of commercial space deployments.”
About COM DEV
COM DEV International Ltd. (www.comdev.ca) is a leading global provider of space hardware and services. The company has a staff of 1,200, annual revenues of $208 million, and facilities in Canada, the United Kingdom, the United States, India and China. COM DEV designs, manufactures and integrates advanced products, subsystems and microsatellites that are sold to major satellite prime contractors, government agencies and satellite operators, for use in communications, space science, remote sensing and defence applications. The company has won contracts to supply its equipment on over 900 spacecraft. COM DEV’s majority-owned subsidiary, exactEarth Ltd., provides satellite data services for global maritime surveillance.
Anokiwave is a cutting edge provider of highly integrated core IC solutions that enable emerging mm-Wave and AESA markets. Anokiwave’s creative system architectures and optimal selection of semiconductor technologies solves the toughest engineering problems. Anokiwave is based in San Diego, California and operates development centers in Phoenix, Arizona and Boston, Massachusetts. Additional information can be found at www.anokiwave.com.
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.