The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Calian Selected for DND Requirement Valued at Approximately $24 Million

Monday, May 31, 2010

Calian Selected for DND Requirement Valued at Approximately $24 Million14:34 EDT Monday, May 31, 2010OTTAWA, ONTARIO--(Marketwire - May 31, 2010) - Calian Technologies Ltd. (TSX:CTY) is pleased to report that its Business and Technology Services division has been notified that it has been selected to deliver maintenance services in support of the Department of National Defence's (DND) activities at five main Canadian Forces Army bases across Canada in Edmonton, Alberta; Shilo, Manitoba; Petawawa, Ontario; Valcartier, Quebec and Gagetown, New Brunswick. Calian will carry out the full range of maintenance services on Class "B" vehicles under a single contractual arrangement. This requirement will be for a two-year period plus a one-year option and encompasses all maintenance, mandated modifications and inspections, as well as preservation of equipment across the Army. The details of the contract should be finalized this week and we expect to begin delivering the services this August.The base two-year contract is estimated to be worth $15 million, with the overall value increasing to $24 million if the option year is exercised. Under the contract, Calian will augment military vehicle technicians through the provision of vehicle and trailer maintenance services. Calian will plan, hire and deploy technicians to deliver the various vehicle and trailer maintenance services at these five main Army bases. "This requirement is in addition to the work that Calian staff are already providing in Wainwright on Class 'B' vehicles and goes hand in hand with the Leopard Tank maintenance work we are currently performing in Edmonton, and the Light Armoured Vehicle (LAV) maintenance we have previously performed in Wainwright. We appreciate DND's confidence in our abilities as well as the opportunity to expand our maintenance services across Canada" said Tom Coates, Vice President and General Manager, Business and Technology Services. About CalianCalian 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.For further information, please visit our website at, or contact us at ir@calian.comDISCLAIMERCertain information included in press releases on this site 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. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and 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, see the reports filed by Calian with the Ontario Securities Commission. 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 CONTACT: Calian Technologies Ltd. Ray Basle President and Chief Executive Officer 306-931-3425 or Calian Technologies Ltd. Jacqueline Gauthier Chief Financial Officer 613-599-8600