Stock Market Symbols
ROTTERDAM, Netherlands, May 2, 2019 /PRNewswire/ - 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.
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.
SOURCE CGI Inc.