MDA to Play Key Role in Government of Canada-funded Network to Advance Artificial Intelligence Technologies for Agriculture
July 26 2019 - 4:00PM
Business Wire
MDA, a Maxar company (NYSE: MAXR) (TSX: MAXR), announced today
its partnership in a network team led by Alberta Innovates that was
selected by the Government of Canada for a Strategic Innovation
Fund (SIF) investment. The Canadian Agri-Food Automation and
Intelligence Network (CAAIN) will bring technology and agri-food
companies together with academic partners to create new solutions
that improve competitiveness and drive growth in both the
agriculture and technology sectors.
The SIF investment, totalling CAD $49.5 million over five years,
was announced on July 22 in Edmonton by Natural Resources Minister
Amarjeet Sohi, on behalf of Innovation, Science and Economic
Development Minister Navdeep Bains.
"MDA is excited for this opportunity to co-invest together with
our partners and the Government of Canada to drive innovation in
the agri-food sector, particularly in relation to artificial
intelligence and emerging sensor technologies,” said Mike Greenley,
group president of MDA. “We look forward to working collaboratively
with a broad ecosystem of Canadian industry and academic partners
to advance state-of-the-art technologies.”
Within the network, MDA will conduct a program of research and
technology development to advance enabling Artificial Intelligence
(AI) technologies with applications in the agriculture sector. MDA
will also advance core data collection and data management
technologies that use multiple sensor types, including
hyperspectral imaging. In cooperation with its network partners,
MDA will field the core AI and data technologies in a series of
information service demonstrations, including those targeted at
applications related to precision farming and supply chain
management.
The CAAIN network is committed to selecting projects through
transparent competitive processes. Administration of projects and
the CAAIN network will be provided by Alberta Innovates.
Project-based matching industry funding will ensure that projects
are directed at developing solutions for opportunities and
challenges facing the agri-food sector in Canada.
About MDA
MDA is an internationally recognized leader in space robotics,
space sensors, satellite payloads, antennas and subsystems,
surveillance and intelligence systems, defense 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. For more information, visit
www.mdacorporation.com.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar
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. The operations of DigitalGlobe, SSL and Radiant
Solutions were unified under the Maxar brand in February; MDA
continues to operate as an independent business unit within the
Maxar organization. As a trusted partner with 5,900 employees in
over 30 global locations, Maxar 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. 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.
Forward-Looking Statements
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",
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forward-looking statements, although not all forward-looking
statements contain these identifying words. Forward-looking
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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 U.S. securities and Canadian 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.
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Leslie Swartman | MDA Media Contact | 1-613-736-6917 |
leslie.swartman@mdacorporation.com Jason Gursky | Maxar Investor
Relations | 1-303-684-2207 | jason.gursky@maxar.com
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