KANATA, ONTARIO--(CCNMatthews - March 26, 2007) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that its Business and Technology Services Division (BTS) has been awarded three separate contracts with Canadian Federal Government Departments. These contracts have a combined value of approximately $19 million over a 3-year period, including option years.
The first contract was issued by the Department of National Defence (DND) for the provision of instructional and training support personnel required to deliver Driver Wheeled Training (DWT) Courses. Training will be delivered to both Regular and Reserve Force military personnel at a number of military bases across Canada and training serials will be based on a variety of military vehicle types. The contract is for an initial 11-month period ending March 31, 2008 and is valued at $3.1million. The contract also contains options for additional effort up to March 2010, which if exercised, could increase the total contract value to over $10 million.
The second contract was also issued by DND for the provision of professional services to initiate, develop and deliver training to support systems deployment and upgrades of the Land Command Support System (LCSS). This two-year contract is valued at $8 million. Under the terms of the contract, Calian personnel will be responsible for maintaining, preparing, upgrading and developing LCSS equipment systems in order to meet training objectives. The team will deliver training services in a variety of locations throughout Canada to introduce Canadian Forces personnel to LCSS functionality and the exploitation of the systems on the modern battlefield.
The third contract was issued by Public Works and Government Services Canada (PWGSC) to provide professional services to support, maintain and enhance the applications developed by Canada On-Line Services. Canada On-Line is responsible for several key Government internet, extranet and intranet sites including the primary internet site for the Government of Canada and the public service information resource, Publiservice. The two-year contract is valued at $800 thousand.
"We are very pleased with our recent wins with DND, which not only expands our service offerings, but also strengthens our position as a leading supplier of training and simulation services to this valued customer. In addition, our win with PWGSC continues to solidify our IT and Professional Services business expansion within the public sector", said Tom Coates, VP and General Manager, BTS Division. "Overall we expect these contracts to provide an additional $5 to $6 million of revenue per year to this Division."
Calian sells technology services to industry and government in Canada and around the world. Calian provides customers with ready access to an exceptional team of engineers, telecommunications and technology professionals, health care professionals and other highly qualified staff. The Business and Technology Services Division augments customer workforces with flexible short and long-term placements, recruitment and outsourcing of engineering, health care professionals and other skilled professionals. The Systems Engineering Division plans, designs and implements solutions for many of the world's space agencies and leading communications satellite manufacturers and operators, as well as providing contract manufacturing services for customers in North America.
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as "intend", "anticipate", "believe", "estimate", "expect" or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company's most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
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Calian Technologies Ltd.
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Calian Technologies Ltd.
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