Calian Wins a $400 Million DND Support Services 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 limitation of expenditure 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 management of Health Service Providers to supplement DND resources in Canada. The initial five-year contract is valued at more than $400 million. The contract also contains options for an additional five-year period, which if exercised could more than double the total value of the contract. Under the contract terms, Calian's Business and Technology Services Division will provide a Central Program Management Office in its Kanata facility and two Regional offices in Halifax and in Edmonton. These offices will manage and support Healthcare Service providers in approximately 36 different DND Bases across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . Calian will supply medical professionals including Physicians, Medical Specialists, Nurses, Dentists, Physiotherapists and Psychologists. Calian will be a key player in ensuring the continued provision of quality health services health services Managed care The benefits covered under a health contract to members of the Canadian Forces. "Calian is very excited about adding this new opportunity to support the Department of National Defence to the growing list of defence support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services we have with DND. This new contract will allow Calian to complement and build upon the experience we have gained over the years in providing Program Management and Program Delivery Services to the Canadian Forces in projects like the Army Simulation Centre (press release dated December 17, 2003). 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:
"This contract complements our growing list of support services provided to DND. When combined with our other long-term contracts, we now have a significant level of backlog that will provide for a stable base of revenues for years to come", stated Ray Basler, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "I commend the Business and Technology Services Division team for their exceptional efforts in meeting the requirements and realizing this win." "During the coming months Calian will focus on the successful transition of this contract, with full scale operations beginning thereafter" stated Jacqueline Gauthier, Chief Financial Officer. "Although margins on this contract are expected to be lower than traditional Business and Technology Services Division levels, this project will obviously have a significant long-term impact on both revenues and contribution.We will have to progress further in the transition phase to be able to determine the overall scale and the rate of implementation. At that time we will be in a better position to assess the impact on our previously issued guidance for Fiscal 2005." Calian will hold a conference call at 10:00 AM today to answer questions regarding this contract. The follow-on press release will be issued providing the details of this conference call. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , 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 Calian Technology Ltd. (TSX:CTY) |
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