Bluedrop Finalizes Contract to Develop V-22 Osprey Special Mission Aviator Ramp Trainers for Boeing

Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPLI) and its subsidiary Bluedrop Training & Simulation, today announced it has finalized the contract for the development of a next-generation Special Mission Aviator Ramp Trainer (SMART) with Boeing [NYSA:BA] for the V-22 Osprey tiltrotor aircraft. The $2.6 million award is funded by Boeing under the Innovation, Science and Economic Development, Canada (ISED), Investment Framework Transaction program.

Bluedrop will build full-sized, high-fidelity and immersive virtual reality ramp trainers for the V-22 Osprey, featuring enhanced specific mission capabilities including ramp operation, hoisting systems, gunnery systems and various mission critical procedural training capabilities. The new SMART will interface with Boeing’s cockpit training devices to allow for fully interactive crew training and mission scenario training.

“Boeing has again shown its full support of Canadian businesses in the Defense and Aerospace domain,” said Jean-Claude Siew, Bluedrop executive vice president of Technology and Simulation. “The kickoff of this project is timely as it allows Bluedrop to bring the most advanced immersive technologies available and to evolve its state-of-the-art suite of rear crew training products in support of war fighters.”

Under the terms of the agreement, Boeing will provide engineering, training and simulation, and ongoing development support for a period of three years.

“Boeing has had a presence in Canada for more than 100 years and we are proud to further demonstrate our commitment to Canadian industry with this Bluedrop partnership to offer an new training capability that helps ensure our V-22 customers are mission ready,” said John Chicoli, director of Vertical Lift Services for Boeing. “We are working closely with V-22 customers and operators, incorporating their feedback through development, to deliver a trainer that seamlessly integrates with their operational needs.”

Bluedrop will develop the associated hardware and software from its recently opened Training and Simulation production center located in Halifax, Nova Scotia.

About Boeing

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

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 Management’s Discussion and Analysis of Results of Operations and Financial Condition for the year ended September 30, 2019. 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.

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Bernie Beckett
Treasurer and Corporate Secretary
Bluedrop Performance Learning Inc.
[email protected]
Phone: 709-739-4938