News

Bluedrop Releases Q2 2017 Financial Results

St. John’s, NL, Canada, May 24, 2017 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPLI) today reported its financial results for the three months ended March 31, 2017.

Bluedrop Releases Q1 2017 Financial Results

St. John’s, NL, Canada, March 1, 2017 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its financial results for the three months ended December 31, 2016.

Bluedrop Releases 2016 Year End Financial Results

St. John’s, NL, Canada, January 30, 2017 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its audited financial results for the year ended September 30, 2016.

Bluedrop Named Business of the Year

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) announced today that its subsidiary, Bluedrop Training & Simulation Inc., has been named Business of the Year by the Halifax Chamber of Commerce. The announcement was made during an award ceremony Thursday, January 26th, 2017, held at the Marriott Harbourfront in Halifax, Nova Scotia. The Halifax Business Awards gala event boasts a spectacular night of entertainment while recognizing Halifax’s risk takers and their success. Eva Martinez, Senior Director of Business Development, accepted the award on behalf of Bluedrop.

Bluedrop Performance Learning Sets Date for Fiscal Year 2016 Results Conference Call

St. John’s, NL, Canada, January 24, 2017 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL), will release its fiscal year 2016 financial results on January 30th, 2017 after market close in North America. The company will discuss its results on a conference call at 8:30 a.m. ET on January 31st, 2017.

BLUEDROP SIGNS OVER $5.5M CONTRACT AS PART OF CFTS PROGRAM

Halifax, NS, Canada, January 11th, 2017 – Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) through its subsidiary Bluedrop Training & Simulation Inc.,has received a contract of over $5.5M from KF Aerospace Defence Programs, operators of the Canadian Forces flight training program in Southport, Manitoba, to deliver a new Bell 206 Level 7 Flight Training Device (FTD) for the Contracted Flying Training and Support (CFTS) Program.

Rockwell Collins and Bluedrop Training and Simulation Inc. Sign Teaming Agreement to Provide Joint Simulation and Training Solutions
  • Two companies with complementary intellectual property to share technologies
  • Companies’ portfolios offer several synergies with no overlap
  • Each company has a strong reputation for quality and excellence

CEDAR RAPIDS, Iowa (Nov. 30, 2016) - Rockwell Collins and Bluedrop Training and Simulation Inc. (BTSI) have signed a teaming agreement that will allow the companies to jointly bid and provide integrated solutions for military customers. The two companies have complementary Intellectual Property and technologies that will create more cohesive solutions that utilize real-time simulation devices and learning technologies.

Bluedrop Provides Update on Normal Course Issuer Bid

ST. JOHN’S, Newfoundland and Labrador, October 19, 2016 – Further to its news release dated March 22, 2016, Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the "Company") is pleased to provide an update on its normal course issuer bid ("NCIB").  Under the terms of the NCIB, Bluedrop may acquire up to an aggregate of 4,949,330 common shares during the term of NCIB, which is from March 31, 2016 to March 30, 2017.  Under TSX Venture Exchange policies, Bluedrop is entitled to purchase up to 2% of the total issued and outstanding common shares in any 30-day period up to the maximum of 4,949,330 common shares over the 12-month period that the NCIB is in place.

Bluedrop Obtains a $3.0 Million Non-Revolving Credit Facility

St. John’s, NL, Canada, October 3, 2016 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today announced that it has closed a $3.0 Million non-revolving credit facility with the Royal Bank of Canada. The loan facility bears interest at 4.09% per annum and matures on September 30, 2019. Monthly blended payments on the loan will be $30,000 per month in the first twelve months and $120,000 per month during the following twenty-four months. The loan is secured by the general security agreement for the Company’s existing working capital credit facilities with the Royal Bank of Canada.

BLUEDROP RECEIVES CALIAN SUB-CONTRACT TO RENEW THE PROVISION OF COURSEWARE PRODUCTION SUPPORT TO THE ARMY LEARNING SUPPORT CENTRE (ALSC) FROM OCTOBER 2016 UNTIL MARCH 2019.

Halifax, NS, Canada, September 20, 2016 – Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) has received a sub-contract of more than $4 million from Calian to continue the development and support of courseware projects by providing e-Learning production, distribution and related support services.

Bluedrop Makes the PROFIT 500 List for Third Year in a Row

ST. JOHN’S, NL (September 15, 2016) -   Bluedrop Performance Learning Inc. is pleased to announce that it has made the PROFIT 500 list of Canada’s fastest growing companies for the third year in a row.  This year, the St. John’s, NL company achieved a ranking of 138 in the 2016 list, posting 519% growth during the last five years. 

Bluedrop Releases Q3 2016 Financial Results

St. John’s, NL, Canada, August 23, 2016 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its financial results for the three months ended June 30, 2016.

Bluedrop Performance Learning Sets Date for Q3 Fiscal Year 2016 Results Conference Call

St. John’s, NL, Canada, August 18, 2016 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL), will release its Q3 fiscal year 2016 financial results on August 23, 2016 after market close in North America. The company will discuss its results on a conference call at 8:30 a.m. ET on August 24, 2016.

Bluedrop Announces Amendments to Royalty Agreement with Grenville

ST. JOHN’S, Newfoundland and Labrador, July 28, 2016 – Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop") is pleased to announce it has entered into an amending agreement (the “Amending Agreement”) with Grenville Strategic Royalty Corp. (“Grenville”) (TSX VENTURE:GRC) to amend certain terms of the amended and restated Royalty Purchase Agreement between Bluedrop and Grenville dated March 31, 2015 (the “Royalty Agreement”). As part of the amendments, in exchange for an increased monthly minimum royalty for the next 11 months, Bluedrop will now have the right to extinguish the royalty at any time upon payment of a fixed buyout amount to Grenville.

Bluedrop, Boeing Chinook Rear Crew Trainer Development Completes Major Milestone
  • Boeing-funded trainer has estimated completion date of October 2016; delivery in early 2017
  • Completed trainer may be used to train Chinook crews worldwide


HALIFAX, NS, June 23, 2016
– Bluedrop Performance Learning Inc. (“Bluedrop”) [TSX-V: BPL] together with Boeing [NYSE: BA], announced today that it has completed a major milestone in the development of the next-generation CH-47 Chinook helicopter Rear Crew Trainer with the integration of its Canadian-built fuselage with Boeing’s cockpit training simulator system.

Bluedrop Receives Sikorsky Contract to Extend Aircrew Training for Canadian Maritime Helicopter Project

Halifax, NS, Canada, June 21, 2016 – Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) has received a US$13 million contract from Sikorsky, a Lockheed Martin Company, to provide instructors and training courseware for pilots and maintainers learning to operate Canada’s new fleet of 28 CH-148 Cyclone maritime helicopters. The agreement extends by three years the training that Bluedrop has provided to the programme — known as the Canadian Maritime Helicopter Project — since 2010.

Bluedrop Provides Update on Normal Course Bid

ST. JOHN’S, Newfoundland and Labrador, June 7, 2016 – Further to its news release dated March 22, 2016, Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the "Company") is pleased to provide an update on its normal course issuer bid ("NCIB").  Under the terms of the NCIB, Bluedrop may acquire up to an aggregate of 4,949,330 common shares during the term of NCIB, which is from March 31, 2016 to March 30, 2017. Under TSX Venture Exchange policies, Bluedrop is entitled to purchase up to 2% of the total issued and outstanding common shares in any 30 day period up to the maximum of 4,949,330 common shares over the 12 month period that the NCIB is in place.

Bluedrop Releases Q2 2016 Financial Results

St. John’s, NL, Canada, May 25, 2016 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its financial results for the three months ended March 31, 2016. 

Fleetway Inc and Irving Shipbuilding announce $15 million contract for Bluedrop Training & Simulation under the National Shipbuilding Program

Halifax, NS, Canada, April 28, 2016 - Today Fleetway and Irving Shipbuilding announced a $15 million contract to Halifax-based company Bluedrop Training & Simulation for the design of the training and simulation software for the Arctic Offshore Patrol Ships (AOPS) vessels under Canada’s National Shipbuilding Strategy.

Bluedrop Announces Early Debt Repayment

St. John’s, NL, Canada, March 31,2016 – Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the “Company”) announced today that it has fully and finally satisfied the indebtedness owed to Rizbollo Holdings Limited for an aggregate payment of CDN$600,000.

Bluedrop Announces Normal Course Issuer Bid

ST. JOHN’S, Newfoundland and Labrador, March 22, 2016 – Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the “Company”) is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted the Company's notice of intention to make a normal course issuer bid (“NCIB”). 

Pacific Gateway Workforce Development Board Modernizes the Workforce System

ST.JOHN’s, NL, Canada, March 11, 2016 – Pacific Gateway Workforce Development Board (“Pacific Gateway”), administered by the City of Long Beach, is launching a ground-breaking service to bring efficiency and scale to the workforce system. To allow more reach and to ensure customers receive an intuitive experience, Pacific Gateway is partnering with Bluedrop Learning Networks, a division of Bluedrop Performance Learning, in a multi-million dollar initiative. Bluedrop Learning Networks (“Bluedrop”) is a SaaS-based provider of Integrated Skills Management (ISM) systems that helps the unemployed get jobs and workers to advance.

Bluedrop Releases Q1 2016 Financial Results

St. John’s, NL, Canada, February 29, 2016 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its financial results for the three months ended December 31, 2015.

Correction: Bluedrop Releases Q1 2016 Financial Results

St. John’s, NL, Canada, March 1, 2016 – A correction is being issued for the press release titled Bluedrop Releases Q1 2016 Financial Results disseminated on February 29, 2016 at 05:25 PM Eastern Standard Time. The press release should read as follows (corrections underlined):

Bluedrop Releases Year End Financial Results 2015

St. John’s, NL, Canada, January 28, 2016 - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its audited financial results for the year ended September 30, 2015.

Bluedrop Performance Learning Sets Date for Fiscal Year End 2015

St. John’s, NL, Canada, January 26, 2016 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL), will release its fourth quarterfiscal year end 2015 financial results on January 28, 2016 after markets close in North America. The company will discuss its results on a conference call at 8:30 a.m. ET on January 29, 2016.

BLUEDROP SECURES ADDITIONAL $2.2 M (US) IN WORK AS PART OF CFTS PROGRAM

Halifax, NS, Canada, January 7, 2016 – Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) through its subsidiary Bluedrop Training & Simulation Inc., was recently awarded a contract by KF Aerospace Defence Programs, operators of the Canadian Forces flight training program in Southport, Manitoba, to deliver visual systems upgrades to several existing flight simulators for the Contracted Flying Training and Support (CFTS) Program. These upgrades are part of a larger scope of work that sees KF Aerospace Defence Programs and Bluedrop providing the Royal Canadian Air Force`s Primary, Rotary Wing and Multi-engine Pilot training until 2027.

Bluedrop Releases Q3 Financial Results

St. John’s, NL, Canada, August 31, 2015 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL) today reported its financial results for the three months ended June 30, 2015.

Bluedrop Announces Partnership with zSpace

Halifax, NS, Canada, July 28, 2015 – Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc., (“Bluedrop”) (TSX-V: BPL) is pleased to announce a new partnership with zSpace to bring their flagship product zSpace®, an immersive virtual reality learning environment, to Canada.

Boeing Funds Bluedrop to Develop Rear Crew Trainer for Chinook Helicopter

Halifax, NS, Canada, July 8, 2015 – Bluedrop Training & Simulation Inc. a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) and The Boeing Company (Boeing) today announced a commitment to develop the next generation rear crew trainer for the CH-47 Chinook (Chinook) helicopter along with a five year commitment to support development and ongoing international sales. The Honourable Ed Holder, Minister of State for Science & Technology announced support for the initiative under the Industry Canada Investment Framework program and the new Value Proposition guidelines.

Bluedrop Releases Q2 Financial Results

St. John’s, NL, Canada, May 29, 2015 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL) today reported its financial results for the three months ended March 31, 2015. 

Bluedrop Welcomes Jean-Claude Siew as Vice President of Technology & Simulation

Halifax, NS, Canada, May 15, 2015 – Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL), is pleased to announce the appointment of Mr. Jean-Claude Siew as Vice President of Technology & Simulation.

Bluedrop and EFE Announce Partnership to Tackle Middle East Workforce Development

St. John’s, NL, Canada, March 2, 2015 - Bluedrop Learning Networks (BLN) is pleased to announce a contract with Education For Employment (EFE) to better equip marginalized groups in the Middle East and North Africa (MENA) to find meaningful employment. In these first two projects, Bluedrop will help EFE deploy learning technology to improve outcomes and scale their offerings for unemployed MENA youth.

Bluedrop Technology Supports Women Entrepreneurs in USA

The award winning DreamBuilder program, that has helped thousands of Spanish speaking women in Latin America, will now be available in a new English format throughout the United States.

Colombian National Police Purchase Second Helicopter Simulator from Bluedrop Training & Simulation

Halifax, NS, Canada, March 10, 2015 – Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL), has been awarded a follow-on contract to provide a second virtual reality based helicopter simulator to the Colombian National Police Force.

Bluedrop Releases Q1 2015 Financial Results

St. John’s, NL, Canada, March 2, 2015 – Bluedrop Performance Learning “Bluedrop” (TSX-V: BPL) today reported its financial results for the three months ended December 31, 2014.

Bluedrop Announces Closing of Private Placement

ST. JOHN’S, Newfoundland and Labrador, February 13, 2015 – Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop") is pleased to announce that it has closed the previously announced private placement with Difference Capital Financial Inc. (“Difference”). Effective as of today’s date, Bluedrop issued an unsecured convertible debenture in the principal amount of CDN$625,000 (the "Debenture") to Difference on a non-brokered private placement basis (the (“Offering”).

Bluedrop Announces Private Placement and Loan

ST. JOHN’S, Newfoundland and Labrador, February 9, 2015 – Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop") is pleased to announce that it has agreed to issue an unsecured convertible debenture in the principal amount of CDN$625,000 (the "Debenture") to Difference Capital Financial Inc. (“Difference”) on a non-brokered private placement basis (the (“Offering”) and has agreed to borrow the principal amount of CDN$600,000 from Rizbollo Holdings Limited on an unsecured basis (the "Loan").

Bluedrop Releases Year End Financial Results

St. John's, Newfoundland - Bluedrop Performance Learning (“Bluedrop”) (TSX-V: BPL) today reported its audited consolidated financial results for the year ended September 30, 2014 (including  nine months of revenues of Atlantis Systems Corp. (“Atlantis”) and associated acquisition related costs).

Bluedrop Performance Learning Ranks on the 2014 PROFIT 500

ST. JOHN'SNewfoundlandJune 23, 2014 - Bluedrop Performance Learning today announced that it was ranked No. 260 on the 26th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the July issue ofCanadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.