OTTAWA, ONTARIO--(Marketwired - July 16, 2014) - (All amounts in this release are in Canadian Dollars) -
Calian Technologies Ltd. (TSX:CTY) is pleased to announce that it has been awarded a renewal contract valued at $17.6M by the Department of National Defence (DND) for the provision of professional services for course design, course management, and course delivery of training to military personnel as well as administrative support to the Canadian Forces School of Aerospace Technology and Engineering (CFSATE) in Borden, Ontario. The renewal contract starts in August 2014 and will run at current revenue levels for approximately 2 years.
Calian has been providing technical and professional personnel to carry out instructional services for aircraft maintenance and repair, engineering services, training support and maintenance services, general administrative and information support services since October 2004. Calian will remain a key contributor to the training efforts of the Royal Canadian Air Force (RCAF), by helping to develop qualified personnel who ensure aircraft serviceability.
"Calian is pleased to continue to support CFSATE's mandate to provide effective, innovative Aerospace Maintenance Training in support of air operations for the Department of National Defence. In awarding this Contract to Calian, DND has once again recognized the value of our service and the expertise of our personnel" stated Kevin Ford (President, Calian BTS Division).
Calian employs over 2,400 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.
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.