CAE, Inc. : CAE Mining and Geovariances announce exclusive collaboration

CAE Mining and Geovariances announce exclusive...

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1/20/2014 04:40:00 PM

CAE Mining and Geovariances announce exclusive collaboration

·         Geovariances' geostatistical libraries to enhance CAE Mining resource evaluation solutions

Montreal, Canada, January 20, 2014 - CAE Mining and Geovariances announced today a collaboration agreement which gives CAE Mining exclusive access to Geovariances' geostatistical libraries for the global mining sector. Through this agreement, CAE Mining will add sophisticated geostatistical tools to its resource evaluation solutions and extend their capabilities. The initial roadmap of functionality will include uniform conditioning, advanced conditional simulation techniques and elements of estimation. The jointly developed solutions will be made available in the new CAE Summit cloud platform and CAE Studio for desktop application users.

"This collaboration will allow CAE Mining to seamlessly embed the latest resource estimation algorithms and techniques in our flagship software applications, making more comprehensive solutions available to thousands of customers around the world," said Damian McKay, President of CAE Mining.

"Partnering with CAE Mining is another excellent route to market for Geovariances' technology, complementing existing standalone products such as Isatis, our benchmark software solution for mining geostatistics," said Yves Touffait, CEO of Geovariances.

The first commercial release of the Geovariances functionality within the CAE Mining product suite is expected to be launched in the second quarter of 2014.

About Geovariances

Geovariances is a leading provider of advanced geostatistical solutions. The company offers the most complete solution in geostatistics: innovative methodologies, experts and software packages to answer challenges in mapping, resource evaluation, volumetric estimation, risk analysis. In particular, Geovariances develops and sells Isatis, the benchmark software solution for mining geostatistics. Geovariances is committed to technology innovation and offers several important research programs in advanced mining geostatistics based on a strong partnership with renowned research centers or private companies.

About CAE Mining

CAE Mining provides a compelling one-stop-shop for the technology and services required to seamlessly plan and manage modern mining operations. With operations in twelve countries, CAE Mining offers solutions ranging from exploration data management and ore-body modelling, to mine planning and operations management to over 1,400 companies worldwide. We have a technical consulting team of over 100 experienced geologists and mining engineers servicing customers in close to 100 countries. Through our simulators, software, courseware and training services CAE Mining is developing the industry's most compelling technology and services to advance the efficiency and safety of mine operations.  www.cae.com/mining

About CAE  

CAE (NYSE: CAE; TSX: CAE) is a global leader in modeling, simulation and training for civil aviation and defense. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 50 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 10 CAE-operated flight schools.  CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining.  www.cae.com

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