Calian Technologies Ltd.
TSX : CTY

Calian Technologies Ltd.

August 14, 2008 11:47 ET

Calian's SED Division Signs Manufacturing Contract Valued at Over $10 Million

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

KANATA, ONTARIO--(Marketwire - Aug. 14, 2008) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that its SED division has received a contract valued at $11.7 million from DRS Sustainment Systems Inc. to manufacture Aerial Head Assemblies (AHAs) for DRS's Manportable Surveillance and Target Acquisition Radar (MSTAR). The Radars will be used for perimeter security and surveillance.

Under the terms of the agreement, SED will provide 227 Aerial Head Assemblies and associated electronics. Programmatic tasks will commence immediately with deliveries scheduled through to April 2009.

"We are very pleased to have once again been selected by DRS to manufacture the AHAs for the new Radar Systems. We have been working extensively with DRS over the past year to optimize the design of the AHA to make it more cost effective. The award of this contract demonstrates the success of those efforts".

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
    Jacqueline Gauthier
    Chief Financial Officer
    613-599-8600
    ir@calian.com
    www.calian.com