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ROTTERDAM, Netherlands,
May 2, 2019 /CNW Telbec/ - CGI (NYSE:
GIB) (TSX: GIB.A) has signed an agreement with Thales Alenia Space
France to enhance and maintain security software for the Galileo
satellite navigation system. Valued at approximately 14 million euros, the contract will last until
the end of 2020. CGI experts are working on this strategic project
from Rotterdam and
Toulouse.
CGI will improve the functionality, robustness and reliability
of Galileo's ground infrastructure, as well as enhance and maintain
software for its Public Regulated Service Key Management Facility
(PKMF). The Public Regulated Service (PRS) is one of the key
features that distinguishes Galileo from other satellite navigation
systems. It ensures that only government-authorized entities have
access to Galileo's secure PRS signal that meets strict security
standards in areas such as defense, law enforcement, customs,
etc.
"We look forward to working with CGI to ensure the highest level
of security for Galileo, along with an efficient, high performance
infrastructure," said Guillermo
Salgado, GALILEO Ground Mission and EGNOS Programs Director,
Thales Alenia Space France. "CGI's significant space and security
experience, combined with its local presence and global resources,
gives us access to the experts we need to launch and operate one of
the world's most advanced satellite navigation systems."
"CGI has strong legacy in space, and we continue to support
space clients across the globe, actively managing their business
and national interests while positioning CGI as a trusted space
leader," said Dirk de Groot, who
leads CGI's business unit in the
Netherlands.
Galileo is the Global Navigation Satellite System built by the
European Space Agency and operated by the European GNNS Agency on
behalf of the European Union. It is the European alternative to the
American Global Positioning System. Once Galileo becomes fully
operational in 2020, citizens will benefit from more accurate
positioning and timing data through Galileo-supported global
navigation applications.
CGI has more than 40 years of experience in the space domain and
delivers complex, mission-critical space software systems across
Europe, Asia and North
America, supporting programs from satellite navigation,
communications and operations, to space-enabled
applications.
About CGI
Founded in 1976, CGI is among the
largest independent IT and business consulting
services firms in the world. With
approximately 77,000 consultants and professionals across
the globe, CGI delivers an end-to-end portfolio of capabilities,
from IT and business consulting to systems integration, outsourcing
services and intellectual property solutions. CGI works with
clients through a local relationship model complemented by a global
delivery network that helps clients digitally transform
their organizations and accelerate results. With annual
revenue of C$11.5 billion, CGI
shares are listed on the TSX (GIB.A) and the NYSE
(GIB). Learn more at cgi.com.
European Space Agency Disclaimer
Funded by the
EU. ESA has received funds in its quality as funding body under a
Working Arrangement with GSA. The view expressed herein can in no
way be taken to reflect the official opinion of the European Union,
the European GNSS Agency and/or the European Space Agency. Neither
the European Union, the European GNSS Agency nor the European Space
Agency shall be held responsible for any use that may be made of
the information it contains.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United
States safe harbours. All such forward-looking information and
statements are made and disclosed in reliance upon the safe harbour
provisions of applicable Canadian and United
States securities laws. Forward-looking information and
statements include all information and statements regarding CGI's
intentions, plans, expectations, beliefs, objectives, future
performance, and strategy, as well as any other information or
statements that relate to future events or circumstances and which
do not directly and exclusively relate to historical facts.
Forward-looking information and statements often but not always use
words such as "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", "predict", "project", "aim",
"seek", "strive", "potential", "continue", "target", "may",
"might", "could", "should", and similar expressions and variations
thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic and political conditions, and our ability to negotiate new
contracts; risks related to our industry such as competition and
our ability to attract and retain qualified employees, to develop
and expand our services, to penetrate new markets, and to protect
our intellectual property rights; risks related to our business
such as risks associated with our growth strategy, including the
integration of new operations, financial and operational risks
inherent in worldwide operations, foreign exchange risks, income
tax laws, our ability to negotiate favorable contractual terms, to
deliver our services and to collect receivables, and the
reputational and financial risks attendant to cybersecurity
breaches and other incidents; as well as other risks identified or
incorporated by reference in this press release, in CGI's annual
and quarterly MD&A and in other documents that we make public,
including our filings with the Canadian Securities Administrators
(on SEDAR at www.sedar.com) and the U.S. Securities and
Exchange Commission (on EDGAR at www.sec.gov). Unless
otherwise stated, the forward-looking information and statements
contained in this press release are made as of the date hereof and
CGI disclaims any intention or obligation to publicly update or
revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. While we
believe that our assumptions on which these forward-looking
information and forward-looking statements are based were
reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes. Further
information on the risks that could cause our actual results to
differ significantly from our current expectations may be found in
the section titled "Risk Environment" of CGI's annual and quarterly
MD&A, which is incorporated by reference in this cautionary
statement. We also caution readers that the above-mentioned risks
and the risks disclosed in CGI's annual and quarterly MD&A and
other documents and filings are not the only ones that could affect
us. Additional risks and uncertainties not currently known to us or
that we currently deem to be immaterial could also have a material
adverse effect on our financial position, financial performance,
cash flows, business or reputation.
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SOURCE CGI Inc.