Press release from Marketwire
Calian's SED Division Signs Contract for Additional RF Systems
(All amounts in this release are in Canadian Dollars)
Wednesday, January 18, 2012
OTTAWA, ONTARIO--(Marketwire - Jan. 18, 2012) - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that its Systems Engineering Division (SED) has signed another contract with VT iDirect, Inc. (iDirect) for the provision and installation of antennas and RF Systems for Inmarsat's forthcoming Ka-band Global Xpress™ network. The additional contract is valued in excess of $10 million USD.
iDirect was selected as the prime contractor for the ground system to support Inmarsat's new state-of-the-art Global Xpress high-speed VSAT service. SED was chosen by iDirect for the provision and installation of the antennas and RF Systems.
"We are extremely pleased to receive this additional order from iDirect for the Inmarsat Global Xpress service," said Patrick Thera, President of SED. "This again demonstrates SED's ability to work with world-class companies like iDirect to provide cost effective solutions to the global telecom industry."
Calian employs over 2300 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, operations and maintenance, IT services and training domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in.
The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division augments customer workforces with flexible short and long-term placements of individuals and teams, provides access to critical recruiting capabilities and delivers outsourcing services for a variety of technical and professional functions. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
Certain 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:
President and Chief Executive Officer Ray Basler 306-931-3425
Chief Financial Officer Jacqueline Gauthier 613-599-8600 email@example.com www.calian.com