Kanata, Ontario – March 14, 2005: Calian Technology Ltd. (TSX: CTY) announced today that the company’s name has been changed to “Calian Technologies Ltd.” with immediate effect. This name change was approved by Calian’s shareholders at the annual and special meeting of shareholders held on February 2, 2005. Despite this name change, there will be no change to Calian’s trading symbol on the Toronto Stock Exchange, which will remain “CTY”.
“The new name more accurately represents who we are as a company,” explained Ray Basler, Calian’s President and Chief Executive Officer. “We have undertaken this minor name change to more accurately reflect our business, which is made up of the Systems Engineering and the Business and Technology Services Divisions. Each of these Divisions provides services with respect to a number of technologies in the satellite communications and information technologies areas.”
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 manufacturers and operators, as well as providing contract manufacturing services for customers in North America
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