Calian's Technical Services Division wins two major contracts - announces intention to make strategic acquisitions.KANATA, Ontario--(BUSINESS WIRE)--April 1, 1997--Calian Technology Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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". .) Calian Technology Ltd. is pleased to announce that its Technical Services Division has been awarded contracts from the Department of National Defence and the Canadian Space Agency The Canadian Space Agency (CSA or, in French, l'Agence spatiale canadienne, ASC) is the Canadian government space agency responsible for Canada's space program. It was established in March 1989 by the Canadian Space Agency Act and sanctioned in December 1990. worth approximately $25.6M. The first contract is a Regional Individual Standing Offer (RISO RISO Regional Individual Standing Offer RISO Range Instrumentation Systems Office ) for the provision of Academic Research Assistance to the Royal Military College The Royal Military College can refer to:
The second contract is a five year contract for the Operation and Maintenance (O&M) of the Gatineau Satellite Station, (GSS), a satellite data receiving facility, located in Cantley, Quebec. The contract is valued at $2.2M CDN for the first two years, and has three additional one year options making it worth up to approximately $5.6M over the life of the contract. The contract is to provide specialized technical staff to operate the satellite station. Larry O'Brien, Chairman and Chief Executive Officer of Calian, commented, "these recent contract wins coupled with our recent acquisition of Pricon Staffing Services Inc. will fuel significant growth in our Technical Services Division this year." "A key component of Calian's growth strategy is the continued expansion of our Technical Services Division. In keeping with this strategy, we are also announcing that we intend to pursue additional strategic acquisitions within the technology services industry," O'Brien added. Calian Technology Ltd. and its subsidiaries provide advanced technology services and products to the satellite communications, space and defence industries worldwide. Calian's shares are publicly traded on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CTY. CONTACT: Calian Technology Ltd. Greg Strong, 613/599-7200 613/592-7771 (FAX) www.calian.com |
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