Ottawa, Ontario – March 29, 2016 Calian Technologies Ltd. (TSX: CTY) announces that at its most recent Annual General and Special Meeting, the shareholders of Calian Technologies Ltd. (“Calian” or the “Company”) voted in favour of changing the Company’s name to Calian Group Ltd (the “Name Change”) to better reflect the diversity of its services in light of the expansion into areas such as healthcare and training. The Toronto Stock Exchange (the “TSX”) has also approved the Name Change and the change to the Company’s ticker symbol to “CGY”, subject to customary conditions. Today, the Company pre-filed articles of amendment with Industry Canada to effect the Name Change on April 1, 2016.
“Our name change to Calian Group Ltd. reflects management’s belief that embracing our diverse services provides long term stability and as well a solid foundation for continued growth of the company” stated Kevin Ford, President and CEO. “Although we still have deep technology roots, I believed the timing was right to align our corporate entity to our diversification strategy”, stated Ford.
All materials necessary to effect the Name Change are expected be filed with the TSX on April 1, 2016 and, subject to TSX final approval, it is expected that the Company’s Common Shares (the “Common Shares”) will commence trading on the TSX under the new name and “CGY” trading symbol on or about April 5, 2016. No action is required to be taken by Calian shareholders in connection with the Name Change.