STOCK TITAN

CGI achieves successful integration of military logistics and asset management systems in planetary-scale Metaverse

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
CGI Federal successfully completes pilot integrating Marine Corps logistics systems with virtual replicas of physical assets in a simulated world environment.
Positive
  • The integration demonstrated enhanced visualization, real-time monitoring, simulation capabilities, and predictive analytics for the Marine Corps.
  • CGI's track record in implementing cutting-edge technology in federal clients' mission space.
  • The milestone opens new possibilities in fields such as urban planning and infrastructure development.
  • The partnership with CGI and Battle Road Digital delivers mission-focused modeling and simulation capabilities.
Negative
  • None.

FAIRFAX, Va., Oct. 13, 2023 /PRNewswire/ -- CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB; TSX: GIB.A), announced today the successful completion of a real-time pilot set in a planetary-scale Metaverse environment. The pilot involved integrating the Marine Corps Platform Integration Center (MCPIC) logistics and asset management systems with digital twins, or virtual replicas of physical assets in a simulated world environment. The integration demonstrated how the Marine Corps can achieve enhanced visualization, real-time monitoring, simulation capabilities, and predictive analytics that will augment training and education, as well as operational efficiency. This milestone was made possible through collaboration with Microsoft and Battle Road Digital.

"CGI continues to break new ground as a part of our joint commitment to innovation in Defense Logistics," stated Colonel John S. Sattely, Commanding Officer, Blount Island Command. "MCPIC is already a foundational element of our global logistics and prepositioning operations. The exploration of these advancements demonstrates that MCPIC is ready to serve as a powerful bridge into the next generation of logistics and defense operations across the force." 

This MCPIC pilot builds on CGI's track record successfully implementing cutting-edge technology in federal clients' mission space. The seamless combination of virtual and real-world data provides unparalleled insight and situational awareness that has potential beyond defense capabilities. This milestone opens new possibilities in fields such as urban planning and infrastructure development, as well as in federal disaster response leading to informed decisions, optimized resource allocation, and increased efficiency—ultimately with the potential to help improve or save lives.

"We're running full-speed ahead, driving next-generation technologies from the lab and into the field at the speed of mission," said Horace Blackman, CGI Senior Vice-President, Defense, Intelligence and Space. "Our latest success represents a significant step forward in unlocking the full potential of digital technologies and their application to military operations and training. We believe that the combined power of the Metaverse and military logistics systems will revolutionize the way defense organizations train, strategize, and prepare for future challenges, and set the bar for other federal agencies."

"While you may not find the word 'Metaverse' explicitly stated in the National Defense Authorization Act or related legislation, what you will find is a ubiquitous need for improved, integrated situational awareness," said Josh Henderson, Chief Executive Officer, Battle Road Digital. "Through our partnership with CGI, we're making those capabilities a virtual reality today, and redefining what is possible in defense and defense logistics." 

"Our collaboration with CGI and Battle Road Digital is helping to deliver mission-focused modeling and simulation capabilities that leverage the full power of Azure at the edge," said Wes Anderson, Vice-President for Defense, Microsoft Federal. "This successful demonstration highlights powerful new opportunities to transform logistics operations and planning for the Marine Corps and beyond."

Testing was done under the auspices of Blount Island S6 using Blount Island facilities.

About CGI Federal Inc.
CGI Federal Inc. (CGI), a wholly owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI Inc. is among the largest IT and business consulting services firms in the world. With 91,500 consultants and other professionals across the globe, CGI Inc. 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 Inc. works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2022 reported revenue of C$12.87 billion, CGI Inc. 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 harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI Inc.'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 Inc., 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 conditions, 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 favorable 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 Inc.'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). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI Inc. 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 Inc.'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 Inc.'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. 

Cision View original content:https://www.prnewswire.com/news-releases/cgi-achieves-successful-integration-of-military-logistics-and-asset-management-systems-in-planetary-scale-metaverse-301955465.html

SOURCE CGI Federal, Inc.

FAQ

What did CGI Federal announce?

CGI Federal announced the successful completion of a pilot integrating Marine Corps logistics systems with virtual replicas of physical assets.

What were the benefits of the integration?

The integration demonstrated enhanced visualization, real-time monitoring, simulation capabilities, and predictive analytics for the Marine Corps.

Who collaborated with CGI Federal in this pilot?

CGI Federal collaborated with Microsoft and Battle Road Digital.

What are the potential applications of this milestone?

The milestone opens new possibilities in fields such as urban planning, infrastructure development, and federal disaster response.

What does the partnership with CGI and Battle Road Digital deliver?

The partnership delivers mission-focused modeling and simulation capabilities.

CGI Inc.

NYSE:GIB

GIB Rankings

GIB Latest News

GIB Stock Data

25.15B
202.05M
0.79%
69.93%
0.5%
Information Technology Services
Technology
Link
United States of America
Montreal