OSI Geospatial Inc.

OSI Geospatial Inc.

November 13, 2008 08:55 ET

OSI Geospatial Signs U.S. Army $1.2 Million Follow-On Contract

OTTAWA, CANADA--(Marketwire - Nov. 13, 2008) - OSI Geospatial Inc. (TSX:OSI) announced today that its U.S. Systems Operations has signed a follow-on contract valued at approximately US$1.2 million. Under the terms of this contract, the company will continue to develop its command and control technology to meet specific U.S. Army operational requirements.

"I am pleased that the U.S. Army continues to invest in this very important project. We have made significant progress in developing advanced technology that will enhance operations in extreme environments," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We are working hard to ensure that this technology will be ready for operational use in 2009 and are confident that our success will lead to additional business with this very important customer."

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 (OSI) and the Over the Counter Bulletin Board (OSIIF). 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.

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

Copyright (C) 2008 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 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

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