Calian's Systems Engineering Division Reports Contract Signings.Business Editors/High-Tech Writers KANATA, Ontario--(BUSINESS WIRE)--March 25, 2004 Calian Technology Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CTY CTY - /sit'ee/ or /C-T-Y/ [MIT] The terminal physically associated with a computer's system console. The term is a contraction of "Console tty", that is, "Console TeleTYpe". ) is pleased to announce that its Systems Engineering Division (SED (1) (Stream EDitor) A Unix text editor that processes an entire file. It is the stream-oriented version of ed, an earlier text editor. Sed executes ed commands, but instead of editing one line at a time, sed applies the commands to the whole file. ) has recently been awarded contracts that reflect repeat business and a strengthened position for Calian in Canadian, US and European markets. The total value of these contracts exceeds $12 million. Under the terms of a $4 million contract signed in March 2004, SED will provide London-based Inmarsat with a new satellite spectrum monitoring system. Dubbed SSMS SSMS SQL Server Management Studio (Microsoft) SSMS Symantec Security Management System SSMS Sawgrass Springs Middle School (Coral Springs, Florida, USA) SSMS Spark Source Mass Spectroscopy 4, the equipment will be used by Inmarsat to measure the communication carriers of its new Inmarsat I-4 satellite system. Also in March 2004, the Canadian Federal Government exercised a contract extension valued at over $5 million for operations and maintenance services for the Canadian Space Agency's Satellite Operations Directorate. The work, which supports CSA's Radarsat-1 and SciSat satellites, is a continuation of activities SED has performed for the CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. since 1993. Earlier in 2004, approximately $3 million was added to an existing contract with Systems & Electronics Inc., a US defence contractor for the manufacture of additional subassemblies of a Manportable Surveillance and Target Acquisition For the RSTA/ISTAR/STA doctrine, see . For Artillery STA, see . For the USMC snipers, see . Radar (MSTAR MSTAR Moving and Stationary Target Acquisition and Recognition MSTAR Manportable Surveillance and Target Acquisition Radar MSTAR MLRS Smart Tactical Rocket MSTAR MAGTF C4I Systems/Technical Architecture & Repository ) used in surveillance and security applications. The original contract, valued at $25 million, was signed and announced in November 2003. About Calian Calian Technology Ltd. (TSX: CTY) 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, 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 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 communications satellite artificial satellite that functions as part of a global radio-communications network. Echo 1, the first communications satellite, launched in 1960, was an instrumented inflatable sphere that passively reflected radio signals back to 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 Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ; 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 The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. . 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. |
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