CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

May 04, 2009 06:00 ET

CAE closes acquisition of xwave Defence, Security and Aerospace (DSA) division

MONTREAL, QUEBEC and HALIFAX, NOVA SCOTIA--(Marketwire - May 4, 2009) - CAE (TSX:CAE)(NYSE:CGT) and Bell Aliant Regional Communications Income Fund ("Bell Aliant") today announced that CAE's acquisition of Bell Aliant's Defence, Security and Aerospace (DSA) business unit, operated by the xwave division of Bell Aliant Regional Communications, Limited Partnership, has been completed.

xwave's DSA division supplies real-time software and systems for simulation, training, defence, and integrated lifecycle information management for the aerospace and defence industries. The division employs approximately 200 people in Ottawa, Ontario; Halifax, Nova Scotia; and Esquimalt, British Columbia.

About xwave

xwave, a division of Bell Aliant, is an Information Technology service provider that serves clients through three lines of business: Professional Services, Healthcare, and Advanced Technology Solutions. Together they plan, design, build, and deliver technology solutions that meet clients' business needs and help clients build a simpler, greener and more stable IT environment. xwave employs over 1000 people in offices in St. John's, Halifax, Moncton, Saint John, Fredericton, Charlottetown, Summerside, Montreal, Ottawa, Toronto, and New England. More information can be found at www.xwave.com.

About Bell Aliant

Bell Aliant (TSX:BA.UN) is one of North America's largest regional communications providers. Through its operating entities it serves customers in six Canadian provinces with innovative information, communication and technology services, including voice, data, Internet, video and value-added business solutions. Through its xwave offices, Bell Aliant also provides IT professional services in Canada and the US. Bell Aliant's employees are committed to deliver the highest quality of customer service, choice and convenience. More information can be found at www.bellaliant.ca.

About CAE

CAE (TSX:CAE)(NYSE:CGT) 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$1.4 billion, CAE employs approximately 7,000 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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