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MDA SPACE CEO MIKE GREENLEY NAMED CANADA’S 2024 CEO INNOVATOR OF THE YEAR BY THE GLOBE & MAIL’S REPORT ON BUSINESS MAGAZINE
Media Release:
November 22, 2024
Greenley recognized for executing on an ambitious space commercialization growth strategy
Nov. 22, 2024 (Brampton, ON) – MDA Space Ltd. (TSX:MDA), a prominent and trusted partner within the swiftly evolving global space sector, proudly announces that its visionary CEO, Mike Greenley, has been honored as Canada’s 2024 CEO Innovator of the Year by The Globe & Mail’s Report on Business magazine.
Mr. Greenley was celebrated with this prestigious accolade for demonstrating exceptional leadership that has significantly contributed to the successful development and commercialization of groundbreaking products and services in the space industry.
Under Mr. Greenley’s strategic leadership, MDA Space is making substantial advancements in creating a suite of next-generation commercial space products aimed at revolutionizing communication satellites and networks, enhancing Earth and space observation capabilities, and advancing space exploration and infrastructure. Notably, the timing of these commercialization efforts aligns perfectly with the projected growth of the global space economy, expected to soar from a current valuation of US$630 billion to a staggering US$1.8 trillion in the next decade.
“I am humbled to receive this award from The Globe and Mail’s Report on Business and honoured to share it with the more than 3,000 brilliant and talented employees who make up the MDA Space team,” remarked Mr. Greenley. “Innovation and business are fundamentally about people, and when dedicated, smart, creative individuals come together to solve hard challenges, extraordinary things happen. I am privileged and inspired to be able to witness that daily at MDA Space.”
Greenley was recognized alongside four other innovators in the Globe & Mail Report on Business CEO of the Year category at an exclusive gala event held in Toronto on Thursday night.
ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA) stands as a trusted mission partner in the expansive global space industry. As a pioneer in robotics, satellite systems, and geointelligence, MDA Space boasts a rich history of over 55 years, marked by numerous world-first achievements and more than 450 missions. The company is recognized as a global leader in communications satellites, Earth and space observation, and infrastructure for space exploration. The MDA Space team, comprised of over 3,000 experts across Canada, the U.S., and the U.K., possesses the skills and expertise necessary to transform ambitious visions into reality through a one-of-a-kind combination of experience, engineering prowess, and an innate sense of wonder that has characterized the company since its inception. For those who dare to dream big and challenge the limits both on Earth and beyond, MDA Space is ready to take you there. To learn more about MDA Space, visit mda.space.
FORWARD-LOOKING STATEMENTS
This press release contains forward–looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in MDA’s Annual Information Form available on SEDAR+ at www.sedarplus.ca. MDA does not undertake any obligation to update such forward–looking information, whether as a result of new information, future events, or otherwise, except as expressly required by applicable law.
MEDIA CONTACT
Amy MacLeod
Vice President, Corporate Communications
613-796-6937
INVESTOR CONTACT
Shereen Zahawi
Senior Director, Investor Relations
647-401-3230
SOCIAL MEDIA
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**How does the team culture at MDA Space promote collaboration and foster innovation in the rapidly evolving space industry?**
**Interview with Mike Greenley: Canada’s 2024 CEO Innovator of the Year**
*Interviewer:* Thank you for joining us today, Mike. Congratulations on being named Canada’s 2024 CEO Innovator of the Year by The Globe & Mail’s Report on Business magazine. How does it feel to receive such a prestigious accolade?
*Mike Greenley:* Thank you! It’s truly an honor, and I’m humbled to receive this recognition. While it’s a personal honor, I believe this award reflects the incredible work of the entire MDA Space team. It’s our collective efforts that have led to the advancements we’re making in the space industry.
*Interviewer:* You mentioned the team, and that’s so important in business. Can you talk about the culture at MDA Space and how it contributes to innovation?
*Mike Greenley:* Absolutely. At MDA Space, we foster a collaborative environment where creativity and problem-solving thrive. Each member of our team, over 3,000 strong, brings unique skills and perspectives. When you have dedicated and intelligent individuals working together to tackle complex challenges, extraordinary results follow. Innovation is truly a team sport for us.
*Interviewer:* MDA Space is focused on advancing commercial space products. What specific projects or innovations are you most excited about right now?
*Mike Greenley:* We’re working on several exciting initiatives. Our next-generation communication satellites are designed to significantly enhance global connectivity. Additionally, we’re advancing our Earth observation capabilities, which can have profound implications in areas such as climate monitoring and disaster response. Furthermore, our efforts in space exploration infrastructure are paving the way for future missions. It’s an exhilarating time for us in the space sector.
*Interviewer:* The global space economy is expected to grow immensely in the next decade. How does MDA Space plan to position itself in this evolving landscape?
*Mike Greenley:* We’re strategically aligning our growth efforts with the anticipated market expansion. This includes investing in technology, forming partnerships, and continuously innovating our product offerings. By anticipating industry needs and challenges, we can ensure that MDA Space remains at the forefront of this growth and continues to deliver value to our clients and stakeholders.
*Interviewer:* You’ve been in this industry for a while. How have you seen the landscape of space innovation change during your career?
*Mike Greenley:* The pace of change has been remarkable. We’ve gone from being primarily a government-funded sector to one where commercial interests are driving innovation. This shift has led to greater investment, more players in the field, and an explosion of new ideas and technologies. It’s a dynamic environment, and I’m excited to see how it will continue to evolve.
*Interviewer:* what message would you like to share with aspiring innovators in the space industry?
*Mike Greenley:* My message is simple: dream big and don’t be afraid to challenge the limits. The space industry is full of complex problems waiting to be solved. If you’re passionate and committed, there’s a place for you in this field. Remember that collaboration is key; together, we can achieve remarkable things.
*Interviewer:* Thank you, Mike, for your insights and congratulations again on this well-deserved recognition.
*Mike Greenley:* Thank you for having me! I appreciate the opportunity to share our vision at MDA Space.
