OTTAWA, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY) has been selected by the Department of National Defence (DND) to provide as and when requested Science and Technology (S&T) research capabilities.
The Company has been awarded the contract under the Canadian Safety and Security Program (CSSP) at Defence Research and Development Canada (DRDC), DND’s national leader in defence science and technology.
Calian will support technology services for CSSP and about 21 federal departments and agencies, providing the ability to scale up Canada’s science and technology capabilities to meet specific operational requirements.
The contract has a term of up to five years and is valued at approximately $18 million over the full five-year period. Calian has partnered with C3 Human Factors, CogSim Technologies, SimFront Simulation Systems, CAE and Lansdowne Technologies to deliver the contract.
“Having been a part of the team that delivered the previous version of this contract, Calian is very pleased to be selected to lead this fantastic team as we support the Government of Canada’s science and technology expertise for public safety and security programs,” said Gordon Youngson, Vice President, Engineering and Technical Services. “We are looking forward to engaging on some very important and exciting projects in the coming years.”
“This exciting new contract supports Calian's continued growth and customer retention. With customer retention as the first pillar of our four-pillar growth framework, delivery excellence continues to be a focus for all of our customers,” said Kevin Ford, President and CEO. “Calian is honoured to provide a wide range of trusted services and solutions to the men and women of the Canadian Armed Forces, and broadly support Canada’s overall defence policy, Strong, Secure, Engaged.”
About Calian
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.
For further information, please visit our website at www.calian.com, or contact us at ir@calian.com
| Kevin Ford | Patrick Houston | Media inquiries: |
| President and Chief Executive Officer | Chief Financial Officer | |
| 613-599-8600 | 613-599-8600 | 613-599-8600 x 2298 |
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DISCLAIMER
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.
Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General Info email: info@calian.com