Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL), was recently awarded two new contracts by Allied Wings, operators of the Contracted Flight Training and Support (CFTS) program, to develop Phase III Multi-Engine & Helicopter courseware. These projects are part of a larger scope of work that sees Allied Wings and Bluedrop Training & Simulation Inc. providing the Royal Canadian Air Force`s Primary, Rotary Wing and Multi-engine Pilot training until 2027.
The CFTS Phase III Multi-Engine & Helicopter Pilot Training Courses train multi-engine and helicopter students to RCAF Wings standards and prepares the graduates of the program for follow-on flying training. The new program will be implemented at the Canada Wings Aviation Training Centre, a flight school led by Kelowna Flightcraft Ltd. and supported by Bluedrop Training & Simulation Inc., Canadian Helicopters Ltd., and Canadian Base Operators. Located in Southport Manitoba, the 3 Canadian Flying Forces Flying Training School (3CFFTS), supported by Allied Wings, trains 80 per cent of the RCAF newly winged pilots. Bluedrop Training & Simulation Inc. will be creating over 100 lessons in support of the CFTS Phase III training programs. The two projects are valued at $1.5 million. As the largest provider of courseware in Canada, Bluedrop Training & Simulation Inc. can confidently develop the complex lesson plans the RCAF requires. This partnership will further enhance and improve the comprehensive training an RCAF pilot receives, ensuring all graduates are fully equipped to move onto the next phase of their careers.
“We are very pleased to be a member of the Allied Wings consortium supplying leading edge technologies to the air force” said Carl Daniels, Vice President of Business Development & Sales, Bluedrop Training & Simulation Inc. “CFTS is one of our most integral projects and we look forward to supporting Kelowna Flightcraft and the Allied Wings consortium over the next two decades.”
Bluedrop Performance Learning (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. Launched in 2004, with five offices and over 165 employees, Bluedrop is transforming the workplace by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations. 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, including, without limitation, statements regarding the impact of the operational restructuring and future plans and objectives of Bluedrop, 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 Management’s Discussion and Analysis of Results of Operations and Financial Condition For the Nine Months Ended June 30, 2014. 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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