CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

October 14, 2008 06:00 ET

CAE establishes Southeast Asia operations in Singapore to expand military business

MONTREAL, QUEBEC--(Marketwire - Oct. 14, 2008) - (NYSE:CGT)(TSX:CAE) - CAE announced today that the company has established CAE Singapore operations to serve the military market in Singapore and throughout Southeast Asia. In addition, to accelerate this expansion in Southeast Asia, CAE also announced it has signed an agreement to acquire KESTREL Technologies Pte Ltd., a technology and services company based in Singapore; the transaction is expected to close this month.

"Singapore has earned its global reputation as a country at the forefront of technology and innovation, and Singapore's Ministry of Defence is a leading advocate in the use of simulation-based training to ensure mission readiness," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services. "By establishing CAE Singapore, we will create a regional modelling and simulation centre of excellence, and consolidate CAE's local Singaporean presence with a strategic view to expand and better serve the military markets in the Southeast Asia region."

KESTREL, which employs 13 people and has revenues of approximately C$1 million, currently provides consulting and professional services, and provides simulator maintenance and technical support services on behalf of CAE on Super Puma and CH-47 Chinook full-mission helicopter simulators operated by the Republic of Singapore Air Force. CAE Singapore will now expand on these service offerings to include program management, systems and software engineering, and research and development. In addition, CAE Singapore will now focus on new market segments such as unmanned aerial systems (UAS), network centric warfare, common databases and distributed mission training.

"Becoming part of one of the world's premier simulation companies with a strategic intent to grow its Singapore and Southeast Asia operations is very exciting for KESTREL," said Adrian Yeo, founder of KESTREL and now Managing Director of CAE Singapore. "CAE will now be able to serve Singapore's Ministry of Defence locally with the full suite of CAE offerings while leveraging the highly educated and skilled workforce in the local market to support CAE's research and development and growth initiatives."

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$1.4 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

Contact Information

  • CAE contacts:
    Nathalie Bourque, Vice President,
    Public Affairs and Global Communications
    514-734-5788
    nathalie.bourque@cae.com

    Trade media:
    Chris Stellwag, Director,
    Marketing Communications, Simulation Products
    and Military Training & Services
    813-887-1242
    chris.stellwag@cae.com

    Investor relations:
    Andrew Arnovitz, Vice President,
    Investor Relations and Strategy
    514-734-5760
    andrew.arnovitz@cae.com