Calian Wins a $17 Million DND 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 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". ) has been awarded a 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 of instructional, engineering and technical services to the Canadian Forces School of Aerospace Technology and Engineering The Canadian Forces School of Aerospace Technology and Engineering (CFSATE) is a training school for Aircraft Technicians as well as Image Technicians of the Canadian Forces Air Command. MOC Trained at CFSATE are AVN (514), AVS (526), ACS (565), AERE (41) and Img. (CFSATE CFSATE Canadian Forces School of Aerospace Technology and Engineering ) in Borden, Ontario. The initial two-year contract is valued at more than $6M. The contract also contains three one year options, which if exercised will increase the total value of the contract to over $17M for the five-year contract period. Under the contract terms, Calian will provide technical and professional personnel to carry out Aircraft Maintenance and Repair Training Services at CFSATE on an as and when requested basis. This includes instructional and other services such as Course Design, Aircraft Maintenance, Information Technology, and Administration Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The Calian team will play an integral part to ensure the continued provision of quality Aircraft Maintenance Training in support of CFSATE. "Calian is pleased to support CFSATE's mandate to provide effective, innovative Aerospace Maintenance Training in support of air operations for the Department of National Defence. This new contract will allow Calian to complement and build upon the experience it has gained over the years in supporting the Canadian Forces with Signals Operator Training and Performance Oriented Electronics Training. When fully operational in early 2005, this contract will increase our full time DND training staff to over 160. In awarding this Contract to Calian, DND has once again recognized the value of our service and the expertise of our personnel," said Tom Coates Tom Coates could refer to:
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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