Calian Technologies Ltd.
TSX : CTY

Calian Technologies Ltd.

December 24, 2008 11:32 ET

Calian Wins a New 2 Year $10 Million Contract With DND

(All amounts in this release are in Canadian Dollars)

KANATA, ONTARIO--(Marketwire - Dec. 24, 2008) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that it's BTS division has been awarded a limitation of expenditure contract by the Department of National Defence (DND) to perform vehicle maintenance at CFB Wainwright.

The contract is for an initial fifteen month period valued at 5.0 million and scheduled to begin in January 2009. The contract also contains an option for an additional one-year period, which if exercised, could see the total value of the contract approximate $10 million. The contract represents a new opportunity for Calian to increase the services provided to DND and is an expansion of the services Calian had previously supplied to the Department in support of Light Armoured Vehicles (LAV) located in Wainwright.

Under the terms of the contract, Calian's BTS Division will conduct vehicle exercising, servicing as required, equipment inspections, and repair on approximately 800 Wheeled Standard Military Pattern (SMP), Militarized Commercial and Commercial Pattern Vehicle and trailers for the Canadian Manoeuvre Training Centre (CMTC) at CFB Wainwright Alberta. Service delivery is expected to commence early in the New Year.

"We are very pleased to be expanding the services we have provided to CFB Wainwright and look forward to continuing our long-standing reputation for providing a high level of service to DND. This contract win also helps to further secure our expectations for the BTS division for fiscal 2009" stated Tom Coates General Manager BTS.

About Calian

Calian 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, health care 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, health care professionals 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.

For further information, please visit our website at www.calian.com, or contact us at ir@calian.com

DISCLAIMER

Certain information included in press releases on this site 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. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and 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, see the 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.

Contact Information

  • Calian Technologies Ltd.
    Ray Basler
    President and Chief Executive Officer
    306-931-3425
    or
    Calian Technologies Ltd.
    Jacqueline Gauthier
    Chief Financial Officer
    613-599-8600