|By Marketwired .||
|July 23, 2014 04:01 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 07/23/14 -- Calian Technologies Ltd. (TSX:CTY) is pleased to announce that the current DND Health Services Support Contract (HSSC) has been extended for an 18 month period with a new completion date of September 30, 2016 with a further 6 month option period that could extend the contract to March 31, 2017. These extended health services will be funded by a combination of unused existing contract funds and by further increasing the contract ceiling value by $117 million.
"We are excited about the opportunity to continue our work with DND as their healthcare program delivery partner" states Kevin Ford, President of Calian's BTS division. "We take this extension as a full vote of confidence in our HSSC team which has consistently earned a delivery performance satisfaction rating of superior. We are fully committed to assisting DND in the provision of quality healthcare for the Canadian military."
Calian employs over 2,400 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, training, IT services and operations and maintenance domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in. The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division delivers outsourcing services for a variety of technical and professional functions and provides health services to numerous domestic customers. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) 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.
Certain information included in press releases on this site 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. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and 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, see the 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.
President and Chief Executive Officer
Chief Financial Officer
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