CGI SIGNS SYSTEMS INTEGRATION CONTRACTS IN THE STEEL INDUSTRY WORTH OVER CDN$5 MILLION
CGI today announced the signing of over CDN$5 million in systems integration contracts for its steel solution with U.S.-based Columbus Coatings Company and Columbus Processing Company worth more than CDN$2 million as well as Compaq Thailand for the client SIAM Strip Mill Public Company of Rayong, Thailand worth CDN$3 million. These clients have acquired CGI's business solution for the steel industry which allows them to readily access data concerning production, quality, inventory and sales. CGI's approach enables the steel companies to customize the solution according to their specific business needs.
The Columbus Coatings Company and the Columbus Processing Company (joint ventures of the largest U.S. steel manufacturers - Bethlehem Steel Corporation and LTV Steel Corporation) selected CGI's solution to handle the business requirements for their hot-dip galvanizing facility.
"Based on price and quality of work, CGI was the clear choice for us," said Cal Baxter, general manager, Columbus Coatings Company. "They adhere strictly to their Project Management Framework that guarantees that they will deliver on time and on budget. And that is what we need."
And finally, for Thailand-based SIAM Strip Mill Public Company Ltd., a hot strip steel production unit, Compaq Thailand was chosen as systems integrator responsible for providing all hardware and software related to the financial, maintenance and business systems requirements of the client. And Compaq chose CGI to be responsible for implementing and supporting its steel business solution.
Jean Brassard, CGI's president and COO added: "We are one of the few information technology consulting companies to supply a customized solution to flat rolled minimills and steel processors. As a result of our work in this market, we are well positioned to secure more contracts to support our clients' ongoing growth."
Founded in 1976, CGI is the largest Canadian information technology consulting firm and the fifth largest independent in North America, based on its revenue run rate of CDN$1.3 billion. CGI's order backlog totals CDN$7 billion. CGI has 9,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and 23 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca
All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the Company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.
This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report or Form 40F filed with the SEC and its Annual Information Form filed with Canadian securities commissions, which important factors are included here by reference.
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