Calian Group Ltd.
TSX : CGY

Calian Group Ltd.

May 16, 2016 17:01 ET

Calian Wins Renewal of Royal Military College of Canada Regional Individual Standing Offer for Research Assistance

(All amounts in this release are in Canadian Dollars)

OTTAWA, ONTARIO--(Marketwired - May 16, 2016) - Calian Group Ltd. (TSX:CGY) is pleased to announce that it has been awarded a Regional Individual Standing Offer (RISO) by the Department of National Defence (DND) to provide the Royal Military College of Canada (RMCC) with research assistance services.

This new agreement effective May 16, 2016 allows Calian to extend its relationship with RMCC which began in 1997. This new agreement represents Calian's 4th consecutive RISO with RMCC for research assistance and will cover the five-year period from May 16, 2016 to March 31, 2021. Based on historical trends, the contract has a potential value of approximately $7 million per year.

Under this Standing Offer, Calian will continue to provide research assistance to University Professors at RMCC who carry out Research and Development in the broad disciplines of engineering, science, social science and humanities.

"This award is indicative of the superior efforts of our current Research Assistance Team at RMCC and Calian's continued commitment to support today's Canadian Forces" said Jerry Johnston, VP, Training and Engineering Services.

"The first pillar of Calian's growth strategy is customer retention. This win combined with the recent award of the CFSATE renewal contract announced last month, demonstrates that our track record of successful contract delivery and execution are key ingredients in retaining strategic customers such as the RMCC and CFSATE" said Kevin Ford, President and CEO, Calian.

About Royal Military College of Canada

The Royal Military College of Canada is Canada's national military university based in Kingston, Ontario. RMCC has within its mandate the provision to carry out research and other forms of support for the Department of National Defence and other government departments.

About Calian

Calian employs over 2,500 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services to industry, public and government in the health, training, engineering and IT services domains. Calian's Systems Engineering Division (SED) located in Saskatoon 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 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.

Contact Information

  • Kevin Ford
    President and Chief Executive Officer
    613-599-8600

    Jacqueline Gauthier
    Chief Financial Officer
    613-599-8600