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FAIRFAX,
Va., July 25, 2024 /CNW/ - CGI Federal
Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc.
(TSX: GIB.A) (NYSE: GIB), has been selected to provide modern
technology solutions to the Environmental Protection Agency's (EPA)
Office of Research and Development (ORD). Under the Scientific
Modeling, Application, Visualization, Computational Science,
Software, and Statistical Support (SMAVCS4) blanket purchase
agreement (BPA) and a new task order, CGI will continue to provide
modernization initiatives, including the continued support of key
financial management applications. This multi-award BPA has been
awarded to four awardees; CGI's ceiling carries the value of US
$100M.
"CGI brings a deep understanding of ORD's mission, leveraging
our decades-long history of continuous innovation in service to
EPA's technology and modernization initiatives, which aim to
deliver meaningful outcomes to EPA and its program researchers,"
said Jay Hadley, CGI Senior
Vice-President. "Under this new agreement, we will deliver a range
of services and solutions that enable technology, data and
financial management to help ORD advance their leading-edge
research programs focused on the most pressing environmental health
research needs across the agency."
Currently, CGI plays a vital role in supporting EPA and its
co-regulatory partners, including enabling mission operations by
facilitating critical data collection, sharing, and publication.
Additionally, CGI provides operational support for the agency's
financial and asset management requirements, as well as technology
support for research and development activities.
"ORD's mission is critical to EPA's ability to effectively
understand the factors that impact the environment and make
informed, effective regulatory decisions," said Mike Kearns, CGI Vice-President, Consulting
Services. "It is important, now more than ever, to have an accurate
understanding of environmental health. CGI's experience supporting
EPA's technology priorities enables us to partner with ORD to align
its technology future within their ecosystem. We look forward to
continuously evolving the applications and data products that
underpin ORD's work."
About CGI Federal
CGI Federal Inc. (CGI), a
wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to
partnering with federal agencies to provide solutions
for defense, civilian, healthcare, justice, intelligence, and
international affairs missions. Founded in 1976, CGI Inc. is among
the largest independent IT and business consulting services firms
in the world. With 90,000 consultants and professionals across the
globe, CGI Inc. delivers an end-to-end portfolio of capabilities,
from strategic IT and business consulting to systems integration,
managed IT and business process services and intellectual property
solutions. CGI Inc. works with clients through a local relationship
model complemented by a global delivery network that helps clients
digitally transform their organizations and accelerate results. CGI
Fiscal 2023 reported revenue is CA$14.30 billion and CGI shares are
listed on the TSX (GIB.A) and the NYSE (GIB). Learn more
at cgi.com
Forward-looking information and statements
This
press release contains "forward-looking information" within the
meaning of Canadian securities laws and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
United States safe harbors. All
such forward-looking information and statements are made and
disclosed in reliance upon the safe harbor provisions of applicable
Canadian and United States
securities laws.
Forward-looking information and statements include all
information and statements regarding CGI's intentions, plans,
expectations, beliefs, objectives, future performance, and
strategy, as well as any other information or statements that
relate to future events or circumstances and which do not directly
and exclusively relate to historical facts. Forward-looking
information and statements often but not always use words such as
"believe", "estimate", "expect", "intend", "anticipate", "foresee",
"plan", "predict", "project", "aim", "seek", "strive", "potential",
"continue", "target", "may", "might", "could", "should", and
similar expressions and variations thereof. These information and
statements are based on our perception of historic trends, current
conditions and expected future developments, as well as other
assumptions, both general and specific, that we believe are
appropriate in the circumstances. Such information and statements
are, however, by their very nature, subject to inherent risks and
uncertainties, of which many are beyond the control of CGI, and
which give rise to the possibility that actual results could differ
materially from our expectations expressed in, or implied by, such
forward-looking information or forward-looking statements.
These risks and uncertainties include but are not restricted to:
risks related to the market such as the level of business activity
of our clients, which is affected by economic and political
conditions, additional external risks (such as pandemics, armed
conflict, climate-related issues and inflation) and our ability to
negotiate new contracts; risks related to our industry such as
competition and our ability to develop and expand our services, to
penetrate new markets, and to protect our intellectual property
rights; risks related to our business such as risks associated with
our growth strategy, including the integration of new operations,
financial and operational risks inherent in worldwide operations,
foreign exchange risks, income tax laws and other tax programs, the
termination, modification, delay or suspension of our contractual
agreements, our expectations regarding future revenue resulting
from bookings and backlog, our ability to attract and retain
qualified employees, to negotiate favorable contractual terms, to
deliver our services and to collect receivables, to disclose,
manage and implement environmental, social and governance (ESG)
initiatives and standards, and to achieve ESG commitments and
targets, including without limitation, our commitment to net-zero
carbon emissions by 2030, as well as the reputational and financial
risks attendant to cybersecurity breaches and other incidents, and
financial risks such as liquidity needs and requirements,
maintenance of financial ratios, interest rate fluctuations and the
discontinuation of major interest rate benchmarks and changes in
creditworthiness and credit ratings; as well as other risks
identified or incorporated by reference in this press release, in
CGI's annual MD&A and in other documents that we make public,
including our filings with the Canadian Securities Administrators
(on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and
Exchange Commission (on EDGAR at www.sec.gov).
Unless otherwise stated, the forward-looking information and
statements contained in this press release are made as of the date
hereof and CGI disclaims any intention or obligation to publicly
update or revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. While we
believe that our assumptions on which these forward-looking
information and forward-looking statements are based were
reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
information or statements.
Furthermore, readers are reminded that forward-looking
information and statements are presented for the sole purpose of
assisting investors and others in understanding our objectives,
strategic priorities and business outlook as well as our
anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes. Further
information on the risks that could cause our actual results to
differ significantly from our current expectations may be found in
the section titled Risk Environment of CGI's annual MD&A, which
is incorporated by reference in this cautionary statement. We also
caution readers that the above-mentioned risks and the risks
disclosed in CGI's annual MD&A and other documents and filings
are not the only ones that could affect us. Additional risks and
uncertainties not currently known to us or that we currently deem
to be immaterial could also have a material adverse effect on our
financial position, financial performance, cash flows, business or
reputation.
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SOURCE CGI Inc.