SURREY, B.C., April 29, 2003 (PRIMEZONE) -- Raytheon Professional Services, L.L.C. has been selected by Lockheed Martin to provide software applications training to Lockheed Martin employees in the United States and Canada. Training will be delivered via the Web and CD-ROM and through classroom instruction at Lockheed Martin sites and community colleges throughout North America. Raytheon will partner with Serebra Learning Corporation (TSX Venture Exchange:SBR) and Tarrant County College to tailor the training and meet the requirements of Lockheed Martin employees.
Under the two-year agreement, Raytheon Professional Services will provide program management and delivery services. Serebra will provide courseware for the Microsoft Office suite of applications across a number of operating systems. For selected Lockheed Martin business units, Serebra's learning management system, Cortex, will be used to administer delivery of training via the Web. Tarrant County College will serve as leader of a consortium of more than 60 community colleges across the United States and Canada where classroom training will be delivered.
"We look forward to using our experience with global training delivery and management to provide Lockheed Martin quality and flexible services," said Dave Letts, Vice President and General Manager, Raytheon Professional Services.
"We are excited to continue, and to expand, our relationship with Raytheon by providing them with advanced solutions that will make Lockheed Martin more efficient, while substantially reducing its training costs," said Ted Moorhouse, President, Serebra Learning Corporation. "By aligning Serebra's learning management system and training courses with the support services of Raytheon and Tarrant County College, we offer Lockheed Martin world-class technology training with proven productivity capabilities. In addition, the cost structure allows for variable pricing designed to coincide with the ebb and flow of Lockheed Martin's daily business needs."
A business within Raytheon Company, Raytheon Professional Services designs and implements learning solutions that improve customer performance. Headquartered in Plano, Texas, and with offices throughout the United States, Europe, Asia and Australia, Raytheon Professional Services provides services to companies in the automotive, defense, financial services and high technology industries.
Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington Massachusetts, Raytheon employs more than 76,000 people worldwide.
Serebra Learning Corporation (TSX Venture Exchange:SBR) is Canada's leading full-service supplier in the e-learning sector, with more than 40 resellers and affiliates operating globally. The Serebra Education Center in Surrey BC hosts one of the world's largest open architecture e-learning platforms, serving both its corporate customers' needs through the Cortex hosted Learning Management Platform, and consumer needs in over 130 countries through over 130 Learning Center Partner sites. Serebra's award-winning courseware is backed up by multiple pricing options to suit the needs of businesses of all sizes, and custom development capabilities for situations where ready-to-use courseware will not serve a company's needs.
Tarrant County College, a comprehensive two-year institution established in 1965, is dedicated to providing quality education for thousands of undergraduate and continuing education students. TCC is the eighth largest of the 114 colleges and universities in the State of Texas and is ranked seventeenth in the nation for the number of associate degrees conferred in 2001. The College's Continuing Education Programs boast an enrollment of over 32,000 students.
Headquartered in Bethesda Maryland, Lockheed Martin Corporation employs about 125,000 people worldwide and is principally engaged in the research, design, development, manufacture and Integration of advanced technology systems, products and services. The Corporation reported 2002 sales of $26.6 billion.
On Behalf of the Board of Directors,
SEREBRA LEARNING CORPORATION
Ted Moorhouse, President
Raytheon contact, Jeff Lucas, Raytheon Professional Services, (972) 344-1092, www.raytheon.com
Serebra contact, Ted Moorhouse, President and CEO, Serebra Learning Corporation, (604) 592-0552, www.serebra.com, ted.moorhouse@serebra.com
Tarrant County College contact, Elizabeth Thornton, Tarrant County College District, (817) 515-7460, www.tccd.net
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