Atlantis Systems Corp.
TSX VENTURE : AIQ.H

Atlantis Systems Corp.

January 11, 2011 16:36 ET

Atlantis Systems Eduplus Awarded Additional Work by Lockheed Martin for Combat Systems Training

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2011) - Atlantis Systems Corp. (NEX:AIQ.H), a globally recognized training integrator in the military and commercial aviation markets, today announced that its division Atlantis Systems Eduplus (ASE), located in Dartmouth, Nova Scotia, has been awarded a contract option by Lockheed Martin Canada Inc. (Ottawa) for additional work as part of an existing contract for Synthetic Environment Advanced Combat Operator Training (SEACOT) Computer-Based Training (CBT). The SEACOT CBT program provides advanced training as part of the Navy's HALIFAX Class Modernization/ Frigate Life Extension (HCM/FELEX) Project.

ASE began work on the SEACOT program this past July. Under this new project ASE will design the CBT solution for additional combat subsystems such as, the Canadian Advanced Command and Control System (CanACCS), Identifier Friend or Foe (IFF), Electronic Warfare System (EWS) and the Electronic Support Measures (ESM).

"ASE is very pleased to expand its relationship with Lockheed Martin Canada," said Carl Daniels, Vice President and General Manager of ASE. "Lockheed is very good for the Canadian Aerospace and Defence Industry, and this new project will again allow ASE to add high quality jobs in Atlantic Canada."

"Atlantis is delighted that Lockheed Martin has again chosen ASE to do the additional work required for this project," said Henrik Noesgaard, CEO and Chairman of the Board for Atlantis Systems Corp. "Our focus has always been to make sure we deliver high-quality solutions on time, we have confidence that Carl and his team will continue to provide first-class results."

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, 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, 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.

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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