Jun 01, 2008

C-CORE expands satellite and radar business through acquisition of VPI

2 June 2008.

Estimated Article Reading Time: 2 min.

St. John’s, NL – C-CORE and Kanata based Vantage Point International (VPI) announced today that they have
completed the C-CORE acquisition of VPI’s assets.

C-CORE is a Canadian corporation providing applied research and engineering services to Government and natural resource industries worldwide. VPI is a privately held company that specializes in radar and satellite monitoring services to defence, space and environmental markets.

C-CORE President and CEO, Dr. Charles Randell, said VPI employees and business are an excellent fit with C-CORE’s strategic plan for further expansion in the space and defence markets.

“The VPI client base is a natural fit with C-CORE’s markets in Defence R&D, satellite monitoring, and specialized radar engineering services. We’re very pleased to be in a position to make this investment. The acquisition positions C-CORE as one of the largest satellite monitoring companies in Canada, and creates new avenues for growth. Expansion in government Defence, Security and Environment sectors are a key driver. This
acquisition gives C-CORE a presence right on those customers’ doorstep.” said Dr. Randell.

VPI President, Ron Saper, said “The combined capabilities and resulting corporate strength will position C-CORE to serve the growing market for radar engineering services. I’m pleased to see that VPI’s clients and personnel are in good hands with a company that understands our core business.”

Paul Adlakha, C-CORE Director of Marketing stated that a C-CORE Ottawa office will benefit many of C-CORE’s existing and emerging clients. “We’ve been asked about increasing our presence in Ottawa for some time. This acquisition certainly addresses that request and helps us support our clients even better. Our growth and repeat business over the past few years has confirmed that we’re doing things right and solving our client’s
problems, so this acquisition is a solid investment in that growth.”

The terms of the acquisition were not disclosed.

About C-CORE (www.c-core.ca)
For over 30 years C-CORE has provided specialized engineering services such as technology adaptation & integration, design recommendations, and engineering analyses for government and resource sectors on 7 continents. Governments also use C-CORE’s services to address security, sustainability and safety issues related to their regulatory and operations mandate.

C-CORE’s focus is commercial and operational exploitation of advanced technologies to increase efficiency and safety for its clients operations while reducing costs. C-CORE’s client base includes Security and Defence, space agencies, oil & gas companies, mining companies, and government organizations.

Key technology capabilities include custom research, design and development for vision systems, RF products, spacecraft experiments, and software systems. C-CORE has three divisions: Radar & Vision systems, Ice engineering, and Geotechnical engineering

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For further information, please contact:
Paul Adlakha, P.Eng.
Director, Marketing
+1 902 448 7278
Paul.adlakha@c-core.ca