Technology News: Calian Wins Renewal of DND Training Contract
3 July 2005
Calian Technologies Ltd. (TSX:CTY - News) has been awarded a limitation of expenditure renewal contract by the Department of National Defence (DND) for the provision and delivery of Technical Training to supplement DND resources at the Canadian Forces School of Communications and Electronics located on CFB Kingston, Kingston Ontario. Under the terms of the contract, Calian's Business and Technology Services Division will provide training for approximately 1,000 students per year in various disciplines. This contract is for an initial one-year period and is valued at more than $4 million. The contract also contains options for an additional three-one year periods, which if exercised, could see the total value of the contract exceed $15 million.
"Calian has been providing services under this contract for over 4 years and we are pleased to continue to support the Canadian Forces in their training needs", said Tom Coates VP and General Manger of the BTS Division.
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.
Calian Technologies Ltd. (TSX:CTY - News)
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Contact:
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
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Source: Calian Technologies Ltd.
Source: Business Wire
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