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LONDON, June 1, 2021 /PRNewswire/ - CGI (NYSE: GIB) (TSX:
GIB.A) and Shell extend their long-term partnership, signing a new
five-year contract valued in excess of CAD$200 million. CGI will help Shell to grow its
Fleet Solutions business, by continuing to modernize its end-to-end
mobility management and fuel payments platform that currently
processes more than 250 million transactions per year and that
provides fleet and mobility managers with a one stop digital portal
covering a broad range of their needs. CGI will also work closely
with Shell to develop and launch new innovative services for
its customers and support Shell's IT roadmap as it adapts to the
fast-changing energy market.
"As our business adapts to changing customer and industry needs,
during the energy transition, it's key we continue to be an
innovative and agile force in the market," said Eakbal Singh, CIO
Shell Fleet Solutions. "Our continued relationship with CGI enables
us to be just that. This agreement provides a blueprint for
continuing our collaboration with CGI for the next five years,
ensuring we can consistently provide world-class mobility services
to our customers globally."
"We've worked closely with Shell for over a decade, and this new
contract will continue our relationship with a robust and
all-encompassing set of services," said CGI's Donna Kelly, Senior Vice-President, UK. "This
will allow us to collectively join up and build our expertise to
create the best working model for Shell Fleet Solutions, enabling
it to both grow and enhance the customer experience as the energy
industry evolves. We have a strong partnership with Shell, and this
contract extension demonstrates the faith it has in our consultancy
services and delivery teams."
About CGI
Founded in 1976, CGI is among the largest
independent IT and business consulting services firms in the world.
With 77,000 consultants and other professionals across the globe,
CGI 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 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 2020 reported revenue is C$12.16 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
harbours. All such forward-looking information and statements are
made and disclosed in reliance upon the safe harbour 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, external risks (such as
pandemics) and our ability to negotiate new contracts; risks
related to our industry such as competition and our ability to
attract and retain qualified employees, 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, our
ability to negotiate favourable contractual terms, to deliver our
services and to collect receivables, and the reputational and
financial risks attendant to cybersecurity breaches and other
incidents; as well as other risks identified or incorporated by
reference in this press release, in CGI's annual and quarterly
MD&A and in other documents that we make public, including our
filings with the Canadian Securities Administrators (on SEDAR at
www.sedar.com) and the U.S. Securities and Exchange Commission (on
EDGAR at www.sec.gov). For a discussion of risks in response to the
coronavirus (COVID-19) pandemic, see Pandemic Risks in section
10.1.1. of our annual and quarterly MD&A. 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 and quarterly
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 and quarterly 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.