OTTAWA, ONTARIO, Nov 12 (MARKET WIRE) --
Following previous notification of an Authorization to Proceed, Calian
Technologies Ltd. (TSX: CTY) is pleased to report that its System
Engineering Division (SED) and the European Space Agency (ESA) have
finalized all details and have executed a contract for the provision of a
third 35-metre deep space antenna and RF system destined for South
America. The full contract value of $39 million represents a $24 million
increase over the Authorization to Proceed that was previously announced
in August 2009.
This contract for a third antenna to be installed in Argentina,
complements two similar large antenna systems previously provided by SED
in Western Australia and Spain and rounds out the ESA deep space network.
At 35 meters in diameter and with full-motion capability, the ESA antenna
network will encompass some of the largest and most sophisticated systems
in the world used for deep space communications. For more detailed
information on this contract, please refer to the press release dated
August 4, 2009.
"We are very pleased to have concluded negotiations and to continue the
development of this third antenna system which started in early August.
The contract is scheduled for completion in mid-2012 and will provide a
substantial base of revenue for SED over the next two years," said Ray
Basler, President and CEO of Calian.
The contract was made possible by the Canada-ESA Cooperation Program,
managed by the Canadian Space Agency from its headquarters in
Saint-Hubert, Quebec. The Program enables Canadian companies to bid for
and obtain technology development contracts from ESA, and to participate
in major European space projects. Canada is the only non-European country
to participate directly in ESA programs.
About Calian
Calian sells technology services to industry and government in Canada and
around the world. Calian provides customers with ready access to an
exceptional team of engineers, telecommunications and technology
professionals, health care professionals and other highly qualified
staff. The Business and Technology Services Division augments customer
workforces with flexible short and long-term placements, recruitment and
outsourcing of engineering, health care professionals and other skilled
professionals. The Systems Engineering Division plans, designs and
implements solutions for many of the world's space agencies and leading
communications satellite manufacturers and operators, as well as
providing contract manufacturing services for customers in North America.
DISCLAIMER
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.
Contacts:
Calian Technologies Ltd.
Ray Basler
President and Chief Executive Officer
306-931-3425
Calian Technologies Ltd.
Jacqueline Gauthier
Chief Financial Officer
613-599-8600
ir@calian.com
www.calian.com
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