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From: CharlieChina1/24/2005 12:54:31 PM
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Press Release Source: Atlantis Systems Corp.

Atlantis Awarded 2 New Contracts and Has Completed the Delivery of 8 Integrated Maintenance Training Systems (IMTS)
Monday January 24, 12:14 pm ET

TORONTO, Jan. 24 /CNW/ - Atlantis Systems Corp. ("Atlantis") (TSX:AIQ - News) announces that its wholly owned subsidiary, Atlantis Systems International, has been awarded 2 new contracts for a total value of $3.2 million.
The first contract is from L3 Communications, Link Simulation, and Training for Phases 1 and 2 of the incremental update of the US Navy E-6 Tacamo Simulated Aircraft Maintenance Trainer (SAMT) at Tinker Air Force Base. Atlantis will deliver a proof of concept technology demonstrator in an Integrated Maintenance Training System (IMTS) configuration.

The second contract is from Boeing Integrated Defense Systems for additional Student Aircraft Interface Trainer Stations (SAITS) for the U.S. Navy's F/A-18 Visual Environment Maintenance Trainers. This contract builds on Atlantis' successful performance on the F/A-18 IMTS suites, for which Boeing was also the prime contractor.

In addition, Atlantis is pleased to announce that it has achieved site acceptance of 8 IMTS suites in Williamtown, Australia and in Cold Lake, Canada. Atlantis has delivered 3 IMTS suites to the Royal Australian Air Force (RAAF) and 5 to the Canadian Forces (CF). Andrew Day, President and CEO of Atlantis, states "We are pleased to deliver these systems and both the RAAF and the CF have told us that this product has exceeded their expectations. As demonstrated by these 2 additional contracts, we believe that there is a strong market for these highly sophisticated maintenance trainers."

About Atlantis Systems Corp

Headquartered near Toronto, Canada, Atlantis is a globally recognized developer of simulation-based training systems principally for military and commercial aircraft servicing an international client base. For over 25 years, Atlantis has produced turnkey training solutions including flight training devices, advance maintenance trainers, tactical team trainers, sensor and system part-task training solutions, pilot selection systems, avionic test equipment, and simulated cockpit controls and displays. Atlantis is registered under a number of quality management programs including ISO 9001:2000, AS 91000:2001; Boeing BQMS D6-82479, Rockwell Collins RC-9000, among others. Atlantis trades on the Toronto Stock Exchange under the symbol AIQ.

%SEDAR: 00002161E

newswire.ca

For further information

please contact Atlantis Systems Corp. at info@atlantisSI.com or call Paul Maasland, Vice President, Business Development, at (905) 792-1981 x235. To learn more about Atlantis, please visit the company's web site at www.atlantissi.com
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