Calian Technologies Ltd.

Calian Technologies Ltd.

March 14, 2005 08:38 ET

Calian Changes Name to 'Calian Technologies Ltd.'


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CALIAN TECHNOLOGIES LTD.

TSX SYMBOL: CTY

MARCH 14, 2005 - 08:38 ET

Calian Changes Name to 'Calian Technologies Ltd.'

KANATA, ONTARIO--(CCNMatthews - March 14, 2005) - Calian Technology Ltd.
(TSX:CTY) announced today that the company's name has been changed to
"Calian Technologies Ltd." with immediate effect. This name change was
approved by Calian's shareholders at the annual and special meeting of
shareholders held on February 2, 2005. Despite this name change, there
will be no change to Calian's trading symbol on the Toronto Stock
Exchange, which will remain "CTY".

"The new name more accurately represents who we are as a company,"
explained Ray Basler, Calian's President and Chief Executive Officer.
"We have undertaken this minor name change to more accurately reflect
our business, which is made up of the Systems Engineering and the
Business and Technology Services Divisions. Each of these Divisions
provides services with respect to a number of technologies in the
satellite communications and information technologies areas."

About Calian

Calian Technology Ltd. (TSX:CTY) sells technology services to industry
and government in Canada and around the world. Calian provides
customers with ready access to an exceptional team of engineers,
telecommunications and technology professionals, and other highly
qualified staff. The Business and Technology Services Division augments
customer workforces with flexible short and long-term placements,
recruitment and outsourcing of engineering and other skilled
professionals. The Systems Engineering Division plans, designs and
implements solutions for many of the world's space agencies and leading
communications satellite manufacturers and operators, as well as
providing contract manufacturing services for customers in North America.

DISCLAIMER

Certain information included in this press release is forward-looking
and is subject to important risks and uncertainties. The results or
events predicted in these statements may differ materially from actual
results or events. Such statements are generally accompanied by words
such as "intend", "anticipate", "believe", "estimate", "expect" or
similar statements. Factors which could cause results or events to
differ from current expectations include, among other things: the impact
of price competition; scarce number of qualified professionals; the
impact of rapid technological and market change; loss of business or
credit risk with major customers; technical risks on fixed price
projects; general industry and market conditions and growth rates;
international growth and global economic conditions, and including
currency exchange rate fluctuations; and the impact of consolidations in
the business services industry. For additional information with respect
to certain of these and other factors, please see the Company's most
recent annual report and other reports filed by Calian with the Ontario
Securities Commission. Calian disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. No assurance can be given
that actual results, performance or achievement expressed in, or implied
by, forward-looking statements within this disclosure will occur, or if
they do, that any benefits may be derived from them.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Calian Technologies Ltd
    Ray Basler
    President and CEO
    (613) 599-8600
    or
    Calian Technologies Ltd
    Jacqueline Gauthier
    Chief Financial Officer
    (613) 599-8600
    ir@calian.com
    www.calian.com