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CGY Calian Group Ltd

46.31
0.79 (1.74%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Calian Group Ltd TSX:CGY Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.79 1.74% 46.31 45.94 46.72 46.69 45.64 45.64 13,884 21:10:38

Calian Announces Independent U.S. Subsidiary and President to Focus on U.S. Government and Defense

04/12/2024 12:00pm

GlobeNewswire Inc.


Calian (TSX:CGY)
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Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, has announced the launch of an independent U.S.-focused subsidiary, Calian US, Inc. The subsidiary, focused on U.S. federal government and defense opportunities will be led by Leeana Smith-Ryland as president.

For more than 40 years, Calian Group Ltd. has been equipping Canadian and allied countries with reliable, expert defense solutions. These solutions have included military training and simulation, secure communications and connectivity, and digital transformation and cybersecurity. With the development of an independent subsidiary, the U.S. team can expand its offerings to include the full scope of Calian defense solutions for this market.

“The formation of Calian US, Inc., aligns with Calian’s strategic objective to expand our world-class service offerings for a market where we see an ongoing need for our mission-critical solutions,” said Kevin Ford, CEO, Calian Group Ltd. “The decision to strengthen our U.S. footprint underscores our confidence in what we can offer and our commitment to delivering leading-edge learning, communications and connectivity solutions positioning the U.S. for continued mission success.”

Leeana Smith-Ryland, a seasoned leader with a successful track record, has been appointed as President of Calian US, Inc. Smith-Ryland brings over two decades of experience in the communications and defense industries, including as the head of Calian Pacific Teleport (CPT), a leading provider of satellite communications services. Under her leadership, CPT has expanded its global footprint and enhanced its service offerings to meet the evolving needs of clients worldwide.

"We are thrilled to welcome Leeana as the leader of Calian US," Ford added. "Her extensive experience and proven achievements in the communications sector make her the ideal choice to drive our U.S. operations and expand our presence in the U.S. market."

Calian US, Inc., is committed to securing U.S. government contracts by ensuring full compliance with all relevant regulations. To facilitate this, Calian US will be established as an independent subsidiary and will pursue the necessary certifications to operate effectively within the U.S. market.

To learn more, visit calian.com.

About Calian

www.calian.com

We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries:

media@calian.com

613-599-8600 x 2298

Investor Relations inquiries:

ir@calian.com

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 1C8Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

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