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FAIRFAX, VA, July 16, 2019 /CNW Telbec/ - CGI (NYSE: GIB)
(TSX: GIB.A) announced it has won a place on a multiple-award
contract vehicle with the Health and Human Services' (HHS) Program
Support Center (PSC) to provide consulting with technologies
including Artificial Intelligence (AI) and Machine Learning (ML),
which the agency intends to implement over the next five years.
The total value of the HHS contract vehicle for the entire
program stands at $49 million over
the five-year period. PSC is the largest shared service provider to
the federal government. Established nearly 25 years ago to reduce
HHS's annual spending and increase the quality of its
administrative services, PSC now offers more than 40 services to
HHS and other federal agencies. These services include support for
financial management and procurement, occupational health, and real
estate logistics.
CGI will provide consulting services and product development as
requested by the agency through a competitive task order process.
Through awarded task orders, CGI may deliver conceptual Intelligent
Automation prototypes during PSC's pilot and implementation phases
and later to scale them to become approved government information
technology solutions. Some of the first task orders under this
award are expected to be related to streamlining federal
acquisitions in which CGI holds extensive expertise.
As a shared services provider, PSC markets its ideas and
prototypes to other federal agencies or groups wanting to explore
the intelligent automation domain. PSC's goal is to leverage
resources and people toward higher value tasks through AI,
automation and other related technologies.
"CGI is aptly suited to be part of PSC's idea-incubation
strategy," said CGI Federal President Tim
Hurlebaus. "We feel confident that our end-to-end
capabilities in the intelligent automation and Machine Learning
arenas fit perfectly with PSC's goal of developing ideas into
solutions that align with their mission of working smarter."
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI
Inc., dedicated to partnering with federal agencies to provide
solutions for defense, civilian, healthcare and intelligence
missions. 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 www.cgi.com.
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 harbors. All such
forward-looking information and statements are made and disclosed
in reliance upon the safe harbor 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 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.