Fidus Systems Announces Multi-Phase Project with Large Canadian Defence Contractor

Growing Demand for Outsourced Electronic Product Development Services in Defence Industry

Ottawa, Ontario – September 3, 2008 -- Fidus Systems Inc., an electronic product development company, today announced the Company has signed its third contract in a multiple phase development with a large Canadian defence contractor. To date contracts with this customer have exceeded $250K and reflect a growing demand for Fidus’ high value “concept to production” electronic product development services. The latest project is scheduled to be completed by the fall with follow on contracts currently being discussed. The Company is unable to disclose further details pending permission from the customer. 

“We are very pleased to have signed another contract with this customer. The development work is both interesting and in an area of defence that has not widely incorporated high technology or outsourcing in the past,” said Michael Wakim, Chief Executive Officer of Fidus Systems. “It was our design experience and technology knowledge combined with our strong processes and tools that made us the right design partner for this customer.”

“The defence, aerospace and public security industries continue to be growing and important markets for Fidus,” Wakim added.

About Fidus Systems
Fidus Systems Inc. develops electronic products for a wide range of industries including aerospace, defence, consumer, medical, industrial, semiconductors and telecommunications. Fidus has extensive design experience in turnkey product development and technology knowledge in System Design, Architecture, Wireless, Signal Integrity, Hardware, PCB layout, FPGA/ASIC, Software and Mechanical. As a design partner, Fidus offers companies greater flexibility and capability in their product development with access to the expertise, process and tools to successfully move their concepts to revenue-generating products. Fidus has delivered on more than 600 products and projects for 125 customers across North America. For more information, please visit www.fidus.com.

Fidus name and the Fidus logo are trademarks of Fidus Systems Inc. Other registered and unregistered trademarks are the property of their respective owners. 

© Copyright 2008 Fidus Systems Inc. All rights reserved. Information subject to change without notice.

For more information contact:
Veronica Farmer
Director, Marketing Communications
Tel: 1.613.828.0063 ext. 224
Mobile: 1.613.862.3346
veronica.farmer@fidus.com