OSI Geospatial Inc.
TSX : OSI

OSI Geospatial Inc.

October 15, 2009 08:30 ET

OSI Geospatial Signs $2 Million in R&D Contracts with U.S. Army

OTTAWA, CANADA--(Marketwire - Oct. 15, 2009) - OSI Geospatial Inc. (TSX:OSI) ("OSI" or the "Company") announced today that its U.S. Systems Operations has signed contracts valued at approximately $2.0 million with the U.S. Army. Under the terms of these contracts, the company will further develop and enhance its command and control technology to meet future U.S. Army operational requirements.

"The U.S. Army continues to invest in our command and control technology," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "These research and development projects are very important to the continued development our technology and positions us well in the advanced technology R&D community. We are very pleased with the progress that our U.S. R&D division is making."

About OSI Geospatial

OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange. For additional information please visit www.osigeospatial.com.

Forward-Looking Statements

This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial Inc ("OSI") with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

Copyright (c) 2009 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. IGEN, DC4S-Base, Commander & Assaulter and C3CORE are registered trademarks of CHI Systems Inc., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and may be either trademarks, service marks or registered trademarks of their respective owners. Data subject to change without notice.

Contact Information

  • OSI Geospatial Inc.
    Jane Hayward
    Investor Relations
    613-287-8004 or 1-888-880-9797
    613-287-0466 (FAX)
    invest@osigeospatial.com