11th May 2009 07:00
For Immediate Release 11 May 2009
Pennant International Group plc: New Contract Award
Pennant Canada Limited Awarded Multi -Year Defence Services Contract
with a potential value of up to $CA 15.0 million
Pennant International Group plc ("Pennant"), the supplier of integrated logistic support solutions principally to the defence, rail, aerospace and naval markets, and products and services to a number of Government Departments, is pleased to announce that Public Works and Government Services Canada (PWGSC) has awarded a services consulting contract to Pennant Canada Limited in Ottawa, Ontario, Canada.
The contract calls for the provision of services to the Canadian Department of National Defence (DND) to optimize the use and effectiveness of Pennant's OmegaPS suite of supportability software products in use throughout DND. The contract, which allows for services to be called upon on an "as and when required basis', has been awarded for an initial two year term through to the 31st of March 2011 and has a maximum value of $CA 6.0 million. In addition, there are three one year extension options in the contract, which if exercised will extend the period of the contract through to the 31st of March 2014 and raise the maximum value of the contract to $CA 15 million.
Under the terms of the contract, Pennant Canada Limited will provide services to the Canadian DND which will include software development specific to DND customization of OmegaPS software, software installation services, delivery of formal training courses to DND personnel on the OmegaPS software suite and provision of specialist consultant services to DND to optimize the use of the OmegaPS Suite of software products in the department. OmegaPS and OmegaPS Analyzer are the Logistic Support Analysis (LSA) and Life Cycle Costing (LCC) software products of choice for the Canadian DND and have been used extensively throughout the department since the early 1990s.
Commenting on the contract award, Brian MacDonald, President and Chief Operating Officer of Pennant Canada Limited said:
"This contract is a very important step in ensuring that the Department of National Defence derives maximum benefit from the use of the OmegaPS software suite. The length and value of the contract will further solidify Pennant's software and consultant services operations in Canada and serves as an endorsement of the effectiveness of the software and services provided to date."
Enquiries:
Chris Snook, CEO
John Waller, Finance Director
Pennant International Group plc Tel: 01452 714914
Paul Vann/Tom Cooper
Winningtons Financial Tel: 0117 920 0092 or 07768 807631
Note: Pennant Canada Limited is a wholly owned subsidiary of Pennant International Group Plc, based in Cheltenham, England and listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
Related Shares:
Pennant International