RICHMOND, BC, Feb. 26, 2019 — (PRNewswire) — MDA, a Maxar Technologies company (NYSE: MAXR) (TSX: MAXR), today announced that its Forest Alert Service (FAS) space-based capabilities have enabled Asia Pulp & Paper's (APP) pulpwood suppliers to more strategically monitor forest cover loss in conservation areas and meet their commitment to stakeholders that conservation forest areas were not cleared in connection with the production of their products. In less than three years since MDA began providing the monitoring service, APP reports the losses of natural forest cover in their suppliers' forest concessions has dropped from between 5-6 percent1 to just 0.062 percent in the conservation area of more than 600,000 hectares, demonstrating APP's commitment to responsible forest management.
The strategic partnership between APP and MDA launched in 2016, enabling APP's pulpwood suppliers to respond rapidly to detected forest changes. Monitoring land cover changes in production areas is essential for efficient operational planning and minimizes illegal encroachment, further protecting high-value forests.
Employing MDA's RADARSAT-2 satellite, FAS provides near real-time space-borne services to deliver critical and timely information to APP, typically within two days of data collection. Every 24 days, the system monitors approximately 3.8 million hectares, which also comprises APP's pulpwood suppliers and the Giam Siak Kecil Biosphere Reserve. RADARSAT-2 penetrates clouds and precipitation to detect subtle forest disturbances, in an area as small as 0.5 hectares.
"Conserving and protecting the Indonesian rainforest is the ultimate goal of the Forest Conservation Policy we announced in 2013," said Elim Sritaba, Director of Sustainability and Stakeholder Engagement, APP. "By partnering with MDA, we're able to monitor the condition of the forests we manage and quickly investigate and resolve disturbance and preserve our precious natural resources."
"We're proud to use our satellite technology in detecting quickly and accurately when damage has occurred and aid in the preservation of the Indonesian rainforest," said Mike Greenley, group president of MDA.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that allow it to acquire data regardless of light or weather conditions, and to provide frequent re-visit imaging options. The information provided is ideally suited to markets that require either broad-area monitoring or targeted surveillance, such as maritime surveillance, defence and security, land use management, agriculture, disaster management and natural resources.
1 Data based on field verification and satellite imagery
2 Based on validation of detected and delivered FAS polygons
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 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 6,100 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 New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.
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 presentation.
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 presentation. 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 EDGAR profile at www.sec.gov, under the Company's SEDAR profile at www.sedar.com 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 presentation 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 presentation as a result of new information or future events, except as may be required under applicable securities legislation.
Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | Email Contact
Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | Email Contact
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