According to Automatic Duck’s website, the newest version will transcode the media to DNxHD. However as Shane mentioned, the effects will not transfer properly and the Nitris colorist will have to recreate everything.
You could output to tape and deliver an HD tape to the post house for color but you would lose handles. Any clip that needed fixing would have to be fixed on your FCP system and put to tape or exported as a self contained QT with the Avid codec. An EDL would provide the cut info.