Offshore Systems International Ltd.
OTC Bulletin Board : OSIIF
TSX : OSI

Offshore Systems International Ltd.

May 23, 2006 08:00 ET

OSI Awarded C$1.2 million U.S. Department of Defense Contracts

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 23, 2006) - Offshore Systems International Ltd. (TSX:OSI)(OTCBB:OFSYF) (OSI) today announced its U.S. subsidiary has been awarded contracts valued at approximately C$1.2 million (US$1.0 million) by the U.S. Defense Advanced Research Projects Agency (DARPA) and the U.S. Air Force Research Laboratory (AFRL). These contracts provide prototype display solutions aimed at improving battlespace decision-making, collaboration, and adaptation.

"Increasingly militaries operate in complex urban environments and must learn to adapt to unpredictable scenarios,"said Ken Kirkpatrick, president and CEO of OSI. "The contracts awarded today investigate some of these challenges of the future battlespace. We expect this development work to enhance our technical expertise in areas of growing military importance and enhance our visibility with the U.S. Department of Defense."

Under the terms of the DARPA contract, the company will continue development of a prototype system called C2insight that facilitates adaptive problem solving in fast-paced and dynamic warfare situations. C2insight uses data derived from DARPA's command and control (C2) system, Command Post of the Future (CPOF), to improve situational awareness, collaborative decision-making, and training for future users of the CPOF system.

The AFRL contract supports the Commander's Predictive Environment program through research and development of systems that enhance battlespace understanding. This effort is aimed at creating decision-support components that improve collaboration and interoperability on political, military, economic, social, infrastructure, and information levels.

About OSI

Offshore Systems International Ltd. (OSI) is the world's leading developer and supplier of military navigation systems. Focused on the commercial, defense, and homeland security markets, OSI delivers advanced systems and software to address the growing need for enhanced situational awareness in command, control, and intelligence applications. By providing essential tactical and geospatial information, the company's systems and software help decision-makers know the precise location of mission operations across all military forces while integrating information with allies. OSI systems are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OFSYF). For additional information please visit www.osil.com.

Forward-Looking Statements:

This news release contains items that constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These statements are made under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Offshore Systems International can give no assurances that its representations will be achieved or that it will update them at any time in the future.

Contact Information

  • Offshore Systems International Ltd.
    Tracy Rawa
    Manager, Investor Relations
    (604) 904-4627 or 1-888-880-9797
    (604) 987-2555 (FAX)
    IR@osl.com
    www.osil.com