Atlantis Systems Corp.
TSX VENTURE : AIQ.H

Atlantis Systems Corp.
Sikorsky Aerospace Services

October 06, 2010 09:00 ET

Atlantis Systems Eduplus Announces Expanded Training Agreement With Sikorsky Aerospace Services

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2010) - Atlantis Systems Corp. (NEX:AIQ.H) announced today that its subsidiary - Atlantis Systems Eduplus (ASE) of Dartmouth, Nova Scotia - has signed a contract agreement with Sikorsky Aerospace Services (SAS) as part of the Maritime Helicopter Project. Atlantis Systems is a globally recognized training integrator in the military and commercial aviation markets. Sikorsky Aerospace Services is the worldwide aftermarket division of Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corporation (NYSE:UTX).

Under the terms of this expanded contract, Atlantis will provide twenty-one (21) highly-skilled Instructors, Simulator Operators and Training Program Support Personnel to staff the Maritime Helicopter Training Center located at the Canadian Air Force Base in Shearwater. Atlantis has previously been working with Sikorsky to develop the training materials for aircrew and maintenance staff in support of the CH148 Cyclone helicopter program for the Canadian Government.

"This new contract is important for multiple reasons. Not only does it expand our business relationship with Sikorsky Aerospace Services, it provides twenty-one highly paid jobs in Nova Scotia which benefits the local economy," said Carl Daniels, Vice-President & General Manager of ASE.

"We are delighted to have additional work awarded to our subsidiary Eduplus," said Henrik Noesgaard, CEO of Atlantis Systems Corp. "As we work side-by-side in Shearwater, this expanded training agreement further strengthens our business relationship with Sikorsky Aerospace Services."

"This phase of the CH148 Cyclone Training Support Services marks a key milestone in the program, and Atlantis is providing a critical support function," said Terry Eichman, SAS Senior Manager, Training Systems Division. "Key personnel for the Maritime Helicopter Training Center are being positioned for site support and sustainment of the Cyclone Weapon System.  Atlantis has earned its place on our team by helping attract and secure the best talent in the industry."

About Atlantis Systems Corp.

Atlantis Systems (NEX:AIQ.H) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation and civil aviation ensure the feasibility, capability, and effective utilization of their complex assets. Simply stated, our business is leveraging partnerships and technology to put competent people on the job consistently and faster. 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 Sikorsky

Sikorsky Aerospace Services, a Sikorsky company, provides comprehensive support to rotary and fixed wing operators around the world. It offers its military and commercial customers a full portfolio of support services, including material distribution, maintenance, overhaul & repair, aircraft modifications and life-cycle support. Based in Stratford, Conn., Sikorsky Aircraft Corporation is a world leader in helicopter design, manufacture and service. United Technologies Corporation, based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.

Forward-Looking Statements

Atlantis assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or for any other reason. Additional information regarding risks and uncertainties that could affect Atlantis' business is contained in the Business Risk Factors section of Atlantis's Annual MD&A which is available on SEDAR at www.sedar.com.

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