Halifax, NS, Canada, March 4th, 2019 – Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPLI) through its subsidiary Bluedrop Training & Simulation Inc has been awarded a contract to provide advanced training systems for the Offshore Fisheries Science Vessels.
Seaspan Shipyards (Seaspan) has awarded Bluedrop Training & Simulation Inc. (Bluedrop) of Halifax, Nova Scotia, a contract for work on the Canadian Coast Guard’s (CCG) new Offshore Fisheries Science Vessels (OFSV). Bluedrop represents one of several Atlantic Canadian suppliers to date that Seaspan is working with to meet its commitments under the National Shipbuilding Strategy (NSS).
Bluedrop designs and develops highly specialized, high performance, tactical training for frontline operators of equipment working in complex environments and high-risk situations. This includes, training systems needs analysis, custom courseware development, virtual simulation training devices, and ongoing in-service training support. Bluedrop is developing training programs for a variety of different systems on the OFSVs, including alarm control and monitoring, vessel maintenance, propulsion, power management, bridge operation, navigation, and internal communications.
Thanks to its work under the NSS, Seaspan has issued over $850M in committed contracts with approximately 570 Canadian companies. By building ships for the Canadian Coast Guard (CCG) and Royal Canadian Navy (RCN) in Canada, Seaspan is helping to re-establish a Canadian marine industry. As the company continues to make progress on its NSS commitments, this supply chain is expected to grow as more Canadian companies realize new opportunities with a revitalized shipbuilding industry. It is through its work on the NSS that Seaspan is directly and indirectly helping to employ thousands of Canadians from coast to coast to coast.
“This contract is another example of how the National Shipbuilding Strategy is providing economic opportunities for Canadian businesses. Our government’s efforts to revitalize Canada’s marine industry are creating jobs across the country, while delivering the Canadian Coast Guard and the Royal Canadian Navy with the ships they need to do their important work.”
– The Honourable Carla Qualtrough, Minister of Public Services and Procurement and Accessibility
“Seaspan Shipyards is committed to building ships in Canada with a Canadian workforce and supply chain. Our relationship with Bluedrop is a prime example of this work and a demonstration of the national impact of the National Shipbuilding Strategy (NSS). Thanks to the NSS, we are creating highly-skilled, middle-class jobs, and growing our industry”
– Mark Lamarre, Chief Executive Officer, Seaspan Shipyards
“On behalf of Bluedrop I am pleased to announce that we have been awarded a contract to provide training systems for the Canadian Coast Guard’s (CCG) new Offshore Fisheries Science Vessels (OFSV) currently being built at Seaspan’s Vancouver Shipyards. This contract is of particular significance to Bluedrop as it represents our first sale to a company based on Canada’s West Coast. We are proud to be a part of the National Shipbuilding Strategy (NSS) and to partner with Seaspan to deliver world class training services to the CCG.”
– Jean-Claude Siew, Vice President of Technology & Simulation, Bluedrop Training & Simulation
– Seaspan operates three yards with a combined workforce greater than 2,300 people across its yards in North Vancouver & Victoria.
– To date, Seaspan has awarded over $850M in contracts to approximately 540 Canadian companies, with nearly $40M in contracts awarded to Atlantic Canada-based companies.
– Bluedrop Training & Simulation Inc. is wholly owned company of Bluedrop Performance Learning Inc. headquartered in St. John’s, Newfoundland and Labrador and has employees spread across Canada and the US.
– Bluedrop designs and develops advanced training systems and state-of-the-art simulation products to safely train operators and maintainers of complex equipment.
– Bluedrop is a small to medium-sized enterprise (SME) offering 100% Canadian designed and developed training solutions.
ABOUT SEASPAN SHIPYARDS
With operations in North Vancouver and Victoria, Seaspan Shipyards is a leader in Canada’s shipbuilding and ship repair industry. With modern facilities and a dedicated workforce, the company has proven itself to be a reliable partner on a range of complex projects for both government and the private sector.
Seaspan Shipyards is proud to be Canada’s chosen non-combat shipbuilder under the National Shipbuilding Strategy (NSS). In this capacity, the company is building state-of-the-art ships in Canada for the Canadian Coast Guard and Royal Canadian Navy. Through its NSS-related work, Seaspan Shipyards is creating jobs, generating economic benefits and rebuilding Canada’s shipbuilding and marine industries.
Bluedrop Performance Learning Inc. (TSX-V: BPLI) is an innovator in both the development of workplace e-learning and simulation as well as the way large organizations deliver, track and manage training. Our two divisions serve the world’s leading aerospace and defence organizations as well as broad cross sections of organizations focused on managing system wide health and safety and developing the skills of external workforces. Bluedrop is creating the workforce of the future by improving the effectiveness, speed and costs of training delivery and management. For more information, visit www.bluedrop.com
This news release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements, other than statements of historical fact included in this release, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the operational efficiencies associated with the integration of technological and financial systems and general economic and market conditions. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from Bluedrop’s expectations include general global economic conditions. For additional information with respect to risk factors applicable to Bluedrop, reference should be made to Bluedrop’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Bluedrop’s Annual Information Form and Management’s Discussion and Analysis of Results of Operations and Financial Condition for the year ended September 30, 2017. The forward-looking information contained in this release is made as of the date of this release and Bluedrop does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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Chief Financial Officer
Bluedrop Performance Learning Inc.