International Datacasting Wins Multimillion-Dollar Contract with Canada's Department of National Defence.Business Editors/High-Tech Writers
OTTAWA, Ontario--(BUSINESS WIRE)--April 10, 2003
International Datacasting Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension :IDC) announced today that it has been selected as the winning bidder in a competitive tender to provide satellite datacasting services to the Canadian Forces deployed in various locations around the world. The contract, which calls for the distribution of digital multimedia content from the IDC teleport Verb 1. teleport - transport by dematerializing at one point and assembling at another
science fiction - literary fantasy involving the imagined impact of science on society
transport - move something or somebody around; usually over long distances located in Ottawa, is for one year of service. Valued at an initial $3.6 million the contract includes options for renewal for an additional two years of service as well as expansion of service as new requirements arise.
The contract provides-under the auspices of the Canadian Forces Personnel Support Agency-for programming and then transmission of two television channels (one in English, one in French), several radio stations, and other data as needed as needed prn. See prn order. , digitally via satellite. This service, known as the Canadian Forces Radio & Television, provides news, sports, and entertainment programming to Canadian peacekeeping troops and other Canadian Forces deployed in ongoing as well as emerging new international conflicts. Using multiple satellites, this encrypted en·crypt
tr.v. en·crypt·ed, en·crypt·ing, en·crypts
1. To put into code or cipher.
2. Computer Science , closed circuit network includes coverage of Europe, Africa, the Middle East, Afghanistan and other sites including Canadian Navy ships and troops deployed in the Persian Gulf/Arabian Sea area.
Michele Le Saux, IDC's VP of Operations responsible for teleport services, comments, "IDC has provided this service to the Canadian Forces for the past three years and we are proud of our excellent quality-of-service record. IDC's SuperFlex DVB/IP satellite datacasting technology is flexible, rugged, and reliable-ideal for the kind of rapid deployment on land and sea that this project requires."
CFPSA CFPSA Canadian Forces Personnel Support Agency (Canada) President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , John Geci, comments, "We are pleased to be working with IDC. Over the past three years they have been an excellent provider of this important morale service for us and we are looking forward to continuing to work with them."
IDC President and CEO Ron Clifton comments, "We are very pleased to have won this contract and to have the opportunity to be of continued service to the Canadian Forces overseas. This project is an important component of our recurring revenue service operations, which complement nicely our products and systems integration business. This contract, with options, has the potential to bring over $10 million in business for IDC over the next three years.
"I would also like to take this opportunity to salute our project team at IDC. They have done an outstanding job on this service, including traveling to 'hot zones' to perform installations and technical support under difficult conditions. I'm very proud of them."
About International Datacasting Corp.:
IDC (TSX:IDC) provides advanced products, systems and services for the implementation of broadband wireless See wireless broadband. infrastructure networks used to distribute multimedia data. IDC is at the forefront of delivering IP-based wireless datacasting solutions, via both satellite and terrestrial "last-mile" technologies. IDC's products are in demand for high-speed Internet See broadband. infrastructure, enterprise networks, distance learning, and multimedia content distribution. IDC is a recipient of numerous awards including the prestigious Canada Export Award for Innovation and Technology Achievement. IDC is headquartered in Ottawa, Canada, as are its subsidiaries Storm Internet and CDS Prometheus with established international network of partners and distributors and installations in more than 35 countries worldwide. Visit IDC on the web at www.intldata.ca.
About the Canadian Forces Personnel Support Agency The Canadian Forces Personnel Suppoprt Agency (CFSPA) is responsible for administering non-public property on behalf of the Chief of Defence Staff and delivering selected public morale and welfare programs, services, and activities. :
The CFPSA exists to enhance the quality of life of the military community and contribute to the operational effectiveness of the Canadian Forces. CFPSA customers include environmental chiefs of staff, group principals and base/wing/unit commanders, regular Force personnel, reserve Forces, retired and/or former military personnel, military families, veterans, and DND DND Drag and Drop
DND Department of National Defence (Canada & Australia)
DND Do Not Disturb
DND Dungeons and Dragons
DND Den Norske Dataforening
DND Direct Nanoparticle Deposition
DND Drugs for Neglected Diseases public and non-public employees. CFPSA provides personnel support programs and services to the Canadian Forces member and families, including deployment support, military family services, recreation, sport and fitness, mess services and deployed operations as well as the recapitalization Recapitalization
Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable.
Companies often want to diversify their debt-to-equity ratio to improve liquidity. program to construct new facilities at CF locations. (See www.cfpsa.com.)
This press release contains forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with IDC's growth, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
administrative body, administrative unit - a unit with administrative responsibilities .