Calian Wins Renewal of DND Training Contract.KANATA, Ontario Kanata is a large suburban area in the western part of Ottawa, Ontario, Canada,it has a population of 90,000 and is growing rapidly. It is located just to the west of the Greenbelt and is one of the largest of several communities that surround central Ottawa. -- Calian Technologies 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". ) has been awarded a limitation of expenditure renewal contract by the Department of National Defence (DND DND Drag and Drop DND Department of National Defence (Canada & Australia) DND Do Not Disturb DND Dungeons and Dragons DND Den Norske Dataforening DND Direct Nanoparticle Deposition DND Drugs for Neglected Diseases ) 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 Canadian Forces Base Kingston (also CFB Kingston) is a Canadian Forces Base located in Kingston, Ontario. CFB Kingston is home to the Communications and Electronics Branch of the Canadian Forces. , 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 Tom Coates could refer to:
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 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. Calian Technologies Ltd. (TSX:CTY) |
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