NEWS

 

Bluedrop Receives Boeing Contract to Provide Courseware In-Service Support for the Canadian Medium-to-Heavy Lift Helicopter

Halifax, NS, Canada, May 21st, 2019 – Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL), has received an In-Service Support (ISS) contract with Boeing, to provide ongoing support for Computer Based Training (CBT) courseware for maintainers of Canada’s CH-147F Chinook helicopters. The agreement provides management and on-site support of instructor-led CBT materials used in the maintenance training classroom environment to facilitate efficient and timely updates to course materials used by training instructors with the 450 Tactical Helicopter Squadron. The contract performance period runs through March 31, 2023, with a value of US$2.2 million and potential for two additional option periods that could extend the contract through March 2033.

“This is an important In-Service Support agreement that will provide critical support for CBT courseware and will ensure the RCAF maintenance personnel at 450 Squadron in CFB Petawawa will have high quality computer aided, instructor led training. We will also provide onsite support that will be established at CFB Petawawa and provide training expertise to ensure that the courseware will evolve to meet enhanced requirements such as mobile delivery and advanced instructor interactivity. We will provide additional support with our core team of e-learning professionals based in Halifax and utilize Bluedrop’s Learninglogics learning management system,” said Jean-Claude Siew, Bluedrop Vice-President Technology & Simulation. “We thank Boeing for its continued trust in Bluedrop’s expertise and innovation capabilities of our Halifax-based training team.”

About Bluedrop Performance Learning Inc.

Bluedrop Training & Simulation Inc. designs and develops advanced training systems and state-of-the-art simulation products to safely train operators and maintainers of complex equipment. Our approach leverages innovative technology to provide cost-effective blended-media training content, from classroom instruction and computer-based training (CBT) through to high-fidelity training devices. Bluedrop Training & Simulation is a small to medium-sized enterprise (SME) providing a strong value proposition offering 100% Canadian designed and developed solutions. For more information about Bluedrop, visit www.bluedrop.com You can follow us on Twitter: @Bluedrop_BPL 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 Year Ended September 30, 2015. 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.