Calian Technologies Ltd.
TSX : CTY

Calian Technologies Ltd.

March 09, 2015 09:12 ET

Calian Wins Renewal of DND Contract

OTTAWA, ONTARIO--(Marketwired - March 9, 2015) -

(All amounts in this release are in Canadian Dollars)

Calian Technologies Ltd. (TSX:CTY) announced today that it has been awarded a renewal contract valued at $16 million by the Department of National Defence (DND) for the provision and delivery of Technical Training at the Canadian Forces School of Communications and Electronics (CFSCE) located at CFB Kingston, Kingston, Ontario.

The initial two year contract is valued at over $8 million. The contract also contains two one-year options which if exercised could increase the total value of the contract to over $16 million for the four-year period. This contract will allow Calian to continue to support training at CFSCE, a relationship that first began in 2000.

Under the terms of the contract, Calian's instructors will design, develop and deliver training services as defined by the Canadian Forces Individual Training and Education System (CFITES). In addition to developing eLearning courseware for CFSCE, Calian's team will be training their personnel on such topics as DND's communications systems, network management, electronics, use and maintenance of cryptographic communications equipment as well as training linemen on the implementation of physical communications infrastructure.

"Calian is honoured to once again be chosen as the Canadian Forces training partner and to continue to support CFSCE's mission to foster and sustain operationally focused, command-centric experts in communications, information systems and information operations. In awarding this Contract to Calian, DND continues to recognize the value of our service and the expertise of our personnel," stated Kevin Ford, President, Calian BTS Division.

About Calian

Calian employs over 2,300 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, training, IT services and operations and maintenance domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in. The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division delivers outsourcing services for a variety of technical and professional functions and provides health services to numerous domestic customers. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military 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

    Calian Technologies Ltd.
    Jacqueline Gauthier
    Chief Financial Officer
    613-599-8600