Calian’s Training and Support Services Contract Extended
Ottawa, Ontario September 6, 2017 – Calian Group Ltd. (TSX:CGY) is pleased to announce that Calian's current Training and Support Services contract with Canadian Army Simulation Centre (CASC) has been extended for a 12 month period with a new completion date of March 31, 2019. In order to support the extension, the contract value has been increased by $30 million. Management believes that the demand on this contract will continue to run at current levels and management is not currently forecasting any increase in annual revenues as a result of this contract extension.
For the past twenty years CASC and Calian have collaborated to develop a training framework and methodology that is specifically designed to support the wide range of training exercise requirements that the Army accepts on behalf of its own members as well as other branches of the Canadian Forces and federal government departments. Calian's team of some 600 full and part-time resources apply their substantial experience, knowledge and passion to ensure that the realistic and cost effective synthetic environments created within exercises ensure that maximum value is derived from the training delivered at CASC – training that prepares military members for events in which the consequences of failure can be catastrophic.
"We are excited about the opportunity to continue our work with CASC as a valued training partner," states Kevin Ford, CEO. "We take this extension as a full vote of confidence in our CASC team which supports a wide range of training initiatives, including the design, development and delivery of the most complex training exercise scenarios. We are fully committed to continuing to deliver quality training to the Canadian military."
Calian employs over 2,800 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. Calian's Systems Engineering Division (SED) located in Saskatoon 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. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services to industry, public and government in the health, training, engineering and IT services domains.
For investor information, please visit our website at www.calian.com, or contact us at [email protected]