OSI Geospatial Inc.
TSX : OSI

OSI Geospatial Inc.

June 01, 2009 08:55 ET

Raytheon Confirms OSI Geospatial as Key Member of its U.S. Army GSE Program Team

OTTAWA, ONTARIO--(Marketwire - June 1, 2009) - OSI Geospatial Inc. (TSX:OSI) announced today that the Raytheon Company (NYSE:RTN) ("Raytheon") has confirmed the U.S. Army selection of the Raytheon team for the Ground Soldier Ensemble (GSE) program. OSI Geospatial's U.S. Operations, CHI Systems, Inc. will provide expertise and advanced technology from its Dismounted Close Combat, Command and Control System (DC4S™) range of products.

Raytheon Announced:

MCKINNEY, Texas, May 28, 2009 /PRNewswire/ -- The U.S. Army recently selected Raytheon Company's (NYSE: RTN) Ground Soldier Ensemble (GSE) team solution to demonstrate networked tactical situational awareness and communications capabilities for the dismounted warfighter.

The U.S. Army's TACOM Contracting Center awarded Raytheon $11.8 million to provide a GSE technology demonstration. The contract calls for early prototype testing in 2009 and refined systems delivery and testing in 2010.

"Raytheon's GSE will provide decisive tactical awareness to the infantry brigade combat team soldier through real-time display of networked battlefield information. In essence, GSE can make a fully networked theater of operations possible by finally linking the most important element, the dismounted soldier," said Glynn Raymer, vice president, Raytheon Network Centric Systems Combat Systems.

"Raytheon brings forward to GSE a stalwart reputation for reliable systems performance in the heat of combat. We are incorporating low-risk, mature technologies to rapidly demonstrate an affordable solution that benefits the warfighter with greatly improved tactical situational awareness."

Raytheon GSE industry team members are Black Diamond Advanced Technology, providing hardened, wearable computing hardware, and CHI Systems, Inc., responsible for precise, GPS-denied navigation and other software components.

"There is no environment more challenging than a combat situation, and our troops simply must have equipment that works," said Justin Dyster, vice president, Engineering, Black Diamond Advanced Technology. "Raytheon leveraged our combat-proven, ultra-rugged SwitchBack computer in a comprehensive solution that will meet the ambitious project schedule set by the Army and ultimately deliver our warfighters a reliable tool."

"We are proud that the capabilities delivered by our Dismounted Close Combat, Command and Control System will contribute to giving our warfighters a battle-winning edge," said Wayne Zachary, president and CEO, CHI Systems Inc. "Our system offers unparalleled situational awareness and close combat capabilities to unit commanders, team leaders and individual warfighters."

Raymer noted, "Our GSE team solution reflects Raytheon's commitment to Army force modernization by 'digitizing' the dismounted soldier for today's networked battlefield."

Black Diamond Advanced Technology designs, engineers and manufactures fully rugged computers and accessories, including the SwitchBack™ ultra-rugged mobile PC. Engineered to withstand the harshest elements and environments, the SwitchBack features a modular, reconfigurable architecture that can be field-modified to meet the precise objectives of each mission. Black Diamond Advanced Technology is a product line of RMT Inc. and is based in Tempe, Ariz. For more information, visit www.bdatech.com.

Headquartered in Fort Washington, Pa., CHI Systems Inc. is a U.S. small business with more than two decades of innovation in technology and solutions for government clients, principally the Department of Defense. CHI Systems is the supplier of DC4S, a range of dismounted close combat systems that gives commanders and warfighters one of the most advanced, wearable situational awareness capabilities available today.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

Note to Editors:

The U.S. Army announced the GSE contract awards April 15, 2009, and Raytheon is one of three GSE solutions selected.

Contact:

Dave Desilets

972.952.2239


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 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.

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

Contact Information

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