CALIAN TECHNOLOGY CELEBRATES 20TH BIRTHDAY
Marks milestone with gifts to community
Kanata, Ontario - September 26, 2002: Tomorrow, Calian Technology Ltd. (TSX.CTY) celebrates the completion of its 20th year in business, marking the milestone with a 20th birthday party at the Museum of Civilization and with major gifts to Algonquin College's School of Advanced Technology and to the Ottawa United Way.
"Twenty years of solid growth and almost unbroken profitability are a major accomplishment - and particularly so in these challenging times" said Larry O'Brien, Chairman and CEO. "We owe a tremendous amount of credit for our success to this community and to our employees, and that's where we are putting the emphasis in marking this occasion."
During Calian's 20th birthday celebration Friday night, Mr. O'Brien will present donation cheques to Algonquin College and to Ottawa's 2002 United Way Campaign.
Calian is contributing $100,000 to Algonquin's new Advanced Technology Centre, the soon-to-be home for Algonquin's School of Advanced Technology. "Larry's success and his generosity set a tremendous example for our students and for our community" said Morris Uremovich, Dean of Algonquin's School of Advanced Technology. "Successful alumni like him inspire entrepreneurship and innovation for future generations, and strengthen the foundation for our future."
The company is also making a $16,000 corporate contribution to the 2002 United Way campaign, above and beyond the significant amount contributed by Calian employees each year. "Larry and Calian have long been great contributors to the community," said Jim Watson, chair of Ottawa's United Way campaign. "They know and underline the interdependency between healthy companies and a healthy community."
As an additional element of the company's 20th celebration, Calian is reaching the further milestone of accreditation by the National Quality Institute for achieving the world-class Progressive Excellence Program Level 1 quality standard. Dan Corbett, President and CEO of the National Quality Institute will attend Friday's celebration to present the company with the certification.
O'Brien founded Calian in Ottawa in 1982 as a one-person consulting firm with a grand total of $35 in investment capital. He derived the name from Calabogie Lake, on whose shores he was relaxing in a hammock when he took the decision to form the company. Two years later, Don Armstrong and a group of local angel investors provided $100,000 in angel financing to fuel the company's growth. In 1990, Calian acquired SED Systems of Saskatoon, which is now Calian's highly-successful systems engineering division. Calian went public on the Toronto Stock Exchange on September 23, 1993, with approximately 500 employees and revenue of $27 million. Calian has been profitable in 17 of its 20 years, and is now ranked as Ottawa's sixth-largest publicly-traded company.
Calian Technology Ltd. (TSX:CTY) provides systems engineering and staffing and outsourcing services to industry, government and major organizations in Canada, the United States and around the world. With two decades of success and over $125 million in annual revenues, Calian provides customers with ready access to an exceptional team of over 2,200 engineers, telecommunications and technology professionals, and other highly qualified staff. The Staffing and Outsourcing 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 manufacturers and operators.
For further information, please contact:
Chairman & CEO
Telephone: 613.599.8600 ext. 271
Chief Financial Officer
Telephone: 613.599.8600 ext. 277
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