OTTAWA, Ontario, May 23, 2018 (GLOBE NEWSWIRE) -- Today, Calian Group Ltd. (TSX:CGY) announced that its Systems Engineering Division (SED), a global supplier of communication systems solutions and products, has recently received a multi-million contract for the provision and installation of satellite RF ground systems. The signing includes several RF ground systems some of which incorporate advanced technologies. This project is expected to begin immediately and runs into fiscal 2021.
“This contract is expected to generate approximately 10% to 15% of current levels of consolidated revenues in each of fiscal 2019 and fiscal 2020, which represents a material contract for Calian,” stated Jacqueline Gauthier, Chief Financial Officer. “Based on the significance of the non-labour portion of this contract we expect the net contribution to be lower than the traditional SED business. Regardless, this signing secures a significant portion of SED’s revenue stream over the next few years,” continued Gauthier.
“This is an excellent signing for SED,” said Patrick Thera President of SED, “We have been investing in new technologies to support advanced satellite ground systems in anticipation of the emergence of ground systems opportunities in need of these technologies. We are very pleased to see that we are now in a position to capitalize on these investments.” Commercial advanced technologies are just starting to emerge in the industry, which enable satellite operators to add increased bandwidth and throughput to their network offerings. Thera continues, “This new work helps to establish us as a front-runner in ground system offerings.”
About Calian’s SED Division
SED is a global supplier of communication systems solutions and products. One of SED’s key markets is satellite RF ground systems solutions for customers that have complex technical requirements. Our customers are leaders in their industries and SED provides systems tailored to meet their demanding requirements, with practical solutions, delivered on time and on budget. SED’s solutions include satellite gateways and infrastructure for RF communications, telemetry, tracking and control systems, space science and earth observation. SED also provides leading-edge communication products for terrestrial and satellite networks. In addition, SED enables our commercial and defence customers to deliver reliable, high quality products and systems by providing them with superior electronics engineering, manufacturing and test services.
About Calian
Calian employs over 2,900 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services and solutions to industry, public and government in the health, training, engineering and IT services domains. Calian’s Systems Engineering Division (SED) located in Saskatoon 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.
For all other inquiries, please visit our website at www.calian.com, or contact us at ir@calian.com
| Kevin Ford | Jacqueline Gauthier | Media inquiries: |
| President and Chief Executive Officer | Chief Financial Officer | Simon Doyle |
| 613-599-8600 | 613-599-8600 | 613-599-8600 x 205 |
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; 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. Additional risks and uncertainties affecting Calian can be found in Management’s Discussion and Analysis of Results of Operations and its Annual Information Form for the fiscal year ended September 30, 2017 on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein and our current objectives or strategies may change. 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, except as required by law. 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.
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