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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (9305)	2/18/1999 2:28:00 PM
From: Nicole Bourgault	Respond to of 56537

T.CAE Canadian Quotes from Telenium CAE. (TSE) CAE. (ME) Attention Business Editors: CAE Railway Technologies and Services Wins Major Contract from VIA Rail Canada MONTREAL, Feb. 16 /CNW/ - CAE Inc. announced today that CAE Railway Technologies and Services has been awarded a major multi-year contract from VIA Rail for maintenance of wheel sets for their locomotive and commuter rail fleet. The contract award, valued in excess of $10 million, represents the largest single award in the history of the Transit Services Division of CAE Vanguard, Ltd. The work for VIA Rail will be performed at CAE's facility in Montreal, Quebec. According to Glenn Frederick, President of CAE Railway Technologies and Services, ''This is the most significant contract ever won by CAE Vanguard's Transit Division and establishes CAE as the preferred maintenance provider for Canada's premier transit rail operator.'' Mr. Frederick added, ''This contract is further evidence of our commitment to be the market leader in the Canadian transit marketplace. VIA Rail has long been an important customer for CAE, and we are pleased that they have chosen us to help them in achieving their operating goals.'' CAE Vanguard, operates facilities in eight locations in the United States and Canada, including Winnipeg and Montreal, and delivers technologically advanced products and services to virtually all of the major railroad operators in North America. VIA Rail is Canada's passenger railroad based in Montreal, Quebec and operating passenger train service across Canada often through spectacular and demanding terrain. VIA Rail transported 3.8 million passengers in 1998. CAE Inc., with headquarters in Toronto, Canada, and facilities throughout Canada, the United States, Europe, Asia and Australia, is an advanced technology company serving several very specific markets. The CAE Electronics Group is the world leader in the design and production of commercial and military flight simulation systems, land-based simulation, and control systems for marine and energy applications. CAE Cleaning Technologies is the world's leading supplier of highly specific cleaning and waste minimization equipment and services. CAE Railway Technologies and Services is the North American leader in rail car axle refurbishment and other railcar and locomotive services. CAE Fibre Processing Technologies is the world leader in optimizing fibre use in the forest products sector. Together, CAE's companies employ more than 6,800 people in ten countries. CAE's fiscal 1998 revenue was $922.4 million. %SEDAR: 00001596E -30- For further information: Robert E. Waite, Vice President, Corporate Relations and Marketing, CAE Inc., Tel (416) 865-0070, (514) 341-6780 Ext. 5392, email: waite@cae.com; For more information about CAE, please visit our website: cae.com This press release concerns more than one organization. To view releases from one of these organizations, please select from below. CAE INC. CAE RAILWAY TECHNOLOGIES AND SERVICES T.ATY It is new, this morning it was down.