Calian Selected to Deliver Satellite Ground Systems
OTTAWA, Feb. 12, 2020 -- Calian Group Ltd. (TSX:CGY) has been selected by a global satellite communications operator for the provision and installation of new radio frequency (RF) satellite ground systems.
Calian SED, a global supplier of communication systems solutions and products, will support the satellite operator’s existing systems as well as future deployments.
Delivery on the contract, valued at over CAD $30M, starts in the current fiscal year and is expected to be completed within approximately two years. The contract will be reported within Calian’s Advanced Technologies segment.
“We are excited to be working on this program,” said Patrick Thera, President, Advanced Technologies. “We have an excellent reputation for quality in our satellite ground systems. This win further demonstrates the value we bring to customers for their complex requirements of higher frequency bands, which are used in high throughput satellite applications.”
Calian employs over 3,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets.
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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; 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. 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.