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Atlantis Systems surges on contract news


Ontario-based Atlantis Systems Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: T.AIQ AIQ Analytical Instrument Qualification
AIQ Available in Quarters
AIQ Action Internet Québec
AIQ Allowance Item Quantity
AIQ Analyst Interest Queue
AIQ Algebraic Integer Quantization
, Stock Forum) announced Friday that it has signed a contract with CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer.  to design and manufacture a C-130J Flight Training Device as part of the Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada.

In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and
 C-130J aircrew training program.

Shares of the company surged 150% to ten cents earlier in the day, but were most recently trading at eight cents.

The company’s subsidiary, Atlantis Systems International, is part of a pan-Canadian team led by CAE, which won a contract to provide the training systems and services for Canada's tactical airlift, medium-to-heavy helicopter, and potentially other aircraft fleets.

"This achievement validates our strategy of focusing on strategic customer relationship in the continued development of our business. In addition, it builds on the momentum created earlier in the year with our announcements of additional new business in the first quarter of 2009," says Henrik Noesgaard, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Atlantis Systems Corp.

On the company’s Bullboard, made the following comment: “It is always great to see the government teaming up with Canadian companies on things like this.....[sic]”

While, Intheshadow said: “It is great news. Don't know how much the contract is for yet but it must something substantial. AIQ has had an IV injection/transfusion and this will bring it back to life. I expect a lot of profit taking here now as those that got in down at 2 cents are seeing a fantastic increase value but those are cleared out, I think we will push onward and upward This articlearticle or section has multiple issues:
* It does not cite any references or sources. Please help improve this article by citing reliable sources.
* It reads like a personal reflection or essay.
. Perhaps close at above 10 cents today. My guess[sic]”

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Author:Buzz on the Boards
Publication:Stockhouse
Date:May 22, 2009
Words:253
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