Calian Awarded Two Contract Renewals for Over $12 Million.News Editors/Business Editors KANATA, Ontario--(BUSINESS WIRE)--May 3, 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 Business and Technology Services Division was recently awarded two contract renewals with the Canadian and Australian governments. These contracts will be delivered from Calian's US office in Arlington, VA. Calian was awarded a contract from Public Works and Government Services Canada Public Works and Government Services Canada, also referred to as Department of Public Works and Government Services, is the department of the government of Canada with responsibility for the government's internal servicing and administration. on behalf of the Canadian Forces to provide CF-18 Liaison and Engineering Services support to the Department of National Defence. Our US division has been providing these services to the Canadian Forces on the CF-18 program since 1989. The contract is for a three-year period, with two additional one-year options. The total value of the contract over the five-year period is $7 million. Our US division was also awarded a contract to provide support to the Royal Australian Air Force The Royal Australian Air Force (RAAF) is the Air Force branch of the Australian Defence Force. The RAAF began in March 1914 as the Australian Flying Corps and became a fully independent Air Force in March 1921. (RAAF RAAF Royal Australian Air Force RAAF n abbr (Mil) (= Royal Australian Air Force) → australische Luftwaffe f ) Technical Liaison Office (TLO TLO abbr. total loss only ) - NAVAIR NAVAIR Naval Air Systems Command . Calian has been supporting the RAAF TLO NAVAIR since 1989 and the contract represents the fifth multi-year renewal between the RAAF and Calian. The contract is for a three-year period, with two additional one-year options. The total contract value for the five-year period is in excess of $5 million. Under the contracts, Calian's technical staff will deliver ongoing systems engineering, logistics, configuration management, financial and administrative support to both customers. This support is uniquely tailored to meet specific Canadian Forces and RAAF requirements and includes expertise in the areas of avionics, software, airframe, engines and ancillary aircraft equipment as well as ATE and other miscellaneous ground support equipment. In addition to these technical services that support daily operations and various CF-18 and Hornet hornet: see wasp. upgrade projects, Calian provides professional financial management services targeted to the uniqueness of the US Foreign Military Sales That portion of United States security assistance authorized by the Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended. This assistance differs from the Military Assistance Program and the International Military Education and Training Program system. 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 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. For further information, please visit our website at www.calian.com, or contact us at ir@calian.com |
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