Atlantis Systems Corp.
TSX : AIQ

Atlantis Systems Corp.

May 22, 2009 09:00 ET

Atlantis Signs Contract With CAE as Part of the Government of Canada C-130J Aircrew Training Program

Contract to design and manufacture the C-130J Flight Training Device under OTSP program

TORONTO, ONTARIO--(Marketwire - May 22, 2009) - Atlantis Systems Corp. (TSX:AIQ) announced today that, through it's subsidiary Atlantis Systems International (ASI) it has signed a contract with CAE to design and manufacture a C-130J Flight Training Device as part of the Government of Canada C-130J aircrew training program.

Atlantis Systems International is part of the pan-Canadian team led by CAE, which won a contract to provide the training systems and services for Canada's tactical airlift, medium-to-heavy helicopter, and potentially other aircraft fleets.

"We are pleased to partner with CAE and the other team members in the OTSP program" said Henrik Noesgaard, Chief Executive Officer, Atlantis Systems Corp. "This achievement validates our strategy of focusing on strategic customer relationship in the continued development of our business. In addition, it builds on the momentum created earlier in the year with our announcements of additional new business in the first quarter of 2009."

"Atlantis will be complementing our team with its experience in flight training devices, " says Martin Gagne, Group President, Military Products, Training & Services, CAE. "Together, we will play a key role in preparing our Canadian Forces to be mission ready."

About Atlantis Systems Corp.

Atlantis Systems (TSX:AIQ) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation, civil aviation and nuclear energy ensure the feasibility, capability, and effective utilization of their complex assets. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global OEM customers and defence organizations. To learn more, please visit the Company's web site at www.atlantissi.com.

About CAE

CAE is a world leader in providing simulation and modelling technologies and integrated training solutions for the civil aviation industry and defence forces around the globe. With annual revenues exceeding C$1.6 billion, CAE employs more than 6,000 people at more than 75 sites and training locations in 20 countries. We have the largest installed base of civil and military full-flight simulators and training devices. Through our global network of 27 civil aviation and military training centres, we train more than 75,000 crewmembers yearly. We also offer modelling and simulation software to various market segments and, through CAE's professional services division, we assist customers with a wide range of simulation-based needs. www.cae.com.

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