Lionbridge estimates the value of the new relationships will total approximately $12-15 million annually...
... once these programs have fully ramped. The new programs include:
A new agreement with a provider to a leading European aircraft manufacturer that is estimated to generate $8.0 million over the next three years. This agreement expands on Lionbridge's existing relationships with the client and includes new programs for technical authoring and illustration for the Company's online repair and maintenance information.
A new contract with a world leader in inspection, verification, testing and certification services. Lionbridge expects this new client program to generate at least $2.3 million in the first year with further expansion potential over the three year term of the agreement.
A new global development and testing program with a leader in wireless innovation. Lionbridge expects this contract expansion to generate $2.0 million per year in addition to the existing revenue.
A new program with an existing client that should increase current revenue levels with this client by at least $2.0 million each year. The new program includes global development and management of Web properties for a global leader in networking.
A new master services agreement to be the premier provider of translation for a leading provider of diesel power technology.
A new master services agreement with a renowned research, training and consulting firm.
A master services agreement to become a premier translation provider for a world leader in interactive entertainment.
"These new programs with the world's most prestigious global brands underscore the growing demand for technology-led solutions that enable enterprises to effectively develop and manage technology, content and communications in global markets," said Rory Cowan, CEO of Lionbridge. "As we indicated on our last earnings call, business momentum is starting to return. Our recent investments in sales and marketing are beginning to pay off as our teams secure large-scale programs with new clients across diverse end markets and expand existing relationships. This gives us further confidence as we begin to ramp these new programs over the next several quarters."
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