St. John’s, NL, Canada, July 22, 2019 – –Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPLI) and its subsidiary Bluedrop Training & Simulation are pleased to announce it has been the successful bidder on the End-to-End Learning Services contract for Maritime Warfare and Seamanship training and development for the department of National Defence. The authorized total contract value is $6.7 million over two years, with option to extend by up to three additional one-year periods.
The services will be delivered to the Royal Canadian Navy’s Naval Personnel Training Group (NPTG) as part of the Future Naval Training Systems Strategy. Bluedrop will augment the NPTG internal capabilities to include timely design, production, delivery and implementation of innovative, practical eLearning training solutions that leverages state-of-the-art multi-media/IT technologies and educational techniques.
The services will be delivered by the Bluedrop Training & Simulation naval team and related technical resources from its Halifax headquarters. Bluedrop is a leading supplier of leading-edge training to the latest Naval programs including, the Royal Canadian Navy’s Arctic Offshore Patrol Ship (AOPS) Program and the Canadian Coast Guard’s Offshore Fisheries Science Vessels (OFSV) Program.
“Our Naval practice has been a very successful part of our business over the last number of years working both directly with the Navy and through various other vendors to the Navy,” said Jean-Claude Siew, Bluedrop, Vice-President Technology and Simulation. “This is an especially important win for Bluedrop as we will now be working hand in hand with the NPTG team and leadership over the coming years to contribute to the Future Naval Training Systems Strategy at a crucial time as the Navy expands its fleet and training capabilities.”
About Bluedrop Performance Learning Inc.
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, 2018. 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.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Financial Officer
Bluedrop Performance Learning Inc.