Bluedrop Receives Sikorsky Contract to Extend Aircrew Training for Canadian Maritime Helicopter Project

HALIFAX, Nova Scotia--()--Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPLI) has renewed its contract with Sikorsky, a Lockheed Martin Company, to provide instructors and training courseware for pilots and maintainers for Canada’s CH-148 Cyclone maritime helicopters. The agreement extends the services that Bluedrop is providing to the program until March 2024. The estimated value of the contract is US$29.5 million.

“This agreement will ensure the continuation of our training services for the RCAF aircrew and maintenance personnel at 12 Wing Shearwater,” said Jean-Claude Siew, Bluedrop Executive Vice-President Technology & Simulation. “We thank Sikorsky for its continued trust in Bluedrop and our Halifax-based training team.”

Bluedrop will initially provide up to 47 highly-skilled technician and aircrew instructors, simulator operators and training program support personnel for the 406 Operational and Training Squadron located at 12 Wing Shearwater in Nova Scotia. The Cyclone training suite includes two flight simulators, two operational mission simulators, six mission procedures trainers and two aircraft maintenance trainers; supplemented by several maintenance part task trainers.

Sikorsky leads an industry team that has delivered 19 of 28 CH-148 Cyclone maritime helicopters to the Royal Canadian Air Force. Bluedrop is part of Sikorsky’s In Service Support team that is training and supporting Cyclone aircrew and technicians to achieve high operational readiness.

About Bluedrop Training & Simulation 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 Annual Information Form and Management’s Discussion and Analysis of Results of Operations and Financial Condition for the year ended September 30, 2018. 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.

Contacts

Bernie Beckett
Treasurer and Corporate Secretary
Bluedrop Performance Learning Inc.
berniebeckett@bluedrop.com
Phone: 709-739-4938

Contacts

Bernie Beckett
Treasurer and Corporate Secretary
Bluedrop Performance Learning Inc.
berniebeckett@bluedrop.com
Phone: 709-739-4938