Calian Technologies Ltd.
TSX : CTY

Calian Technologies Ltd.

May 07, 2008 13:46 ET

Calian's BTS Division Signs $60 Million Follow-On Contract With DND

(All amounts in this release are in Canadian Dollars, unless otherwise noted)

KANATA, ONTARIO--(Marketwire - May 7, 2008) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that it's BTS division has been awarded a contract by the Department of National Defence (DND) for the provision of professional services for the design, management and delivery of courses with respect to the training of military aircraft technicians at the Canadian Forces School of Aerospace Technology and Engineering (CFSATE) in Borden, Ontario. The initial three-year contract is valued at $30 million. The contract also contains three-one year options, which if exercised could increase the total value of the contract to $60 million for the six-year period. This contract is a follow on to work being provided by Calian under a four year, $14 million contract to DND originally awarded to Calian in September, 2004. Accordingly, this contract will represent a significant increase in Calian's support to CFSATE in Borden over its term.

Under the contract terms, Calian will provide technical and professional personnel to carry out instructional services for aircraft maintenance and repair, engineering services, training support and maintenance services, general administrative services and information support services at CFSATE. The Calian team will play an integral part in ensuring the continued provision of quality aircraft maintenance training in support of CFSATE.

"Over the past four years, Calian has worked with military support staff and instructors teaching basic trade courses to new apprentice technicians and advanced trade courses to qualified technicians. The past expertise and experience acquired has allowed Calian to achieve a high level of customer satisfaction as evidenced by this renewal. We look forward to providing exceptional aircraft maintenance training services to the Department of National Defence for the years ahead," said Tom Coates, Vice President and General Manager, Business and Technology Services.

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.

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

  • 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
    ir@calian.com
    www.calian.com