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OSI Geospatial Developing New Submarine Markets

^{Published on 2009-11-03 05:21:16 - Market Wire}
 

OTTAWA, Nov. 3 /CNW Telbec/ - OSI Geospatial Inc. (TSX: OSI) ("OSI") announced today that its International Systems Operations has signed a contract to provide a new naval customer with its ECPINS-W Sub(R) WECDIS technology for trials and evaluation. The contract also includes training.

"ECPINS-W Sub continues to be the WECDIS software of choice for a growing number of naval customers," said Ken Kirkpatrick, President and CEO. "This new customer will represent our 11th naval customer and our 6th submarine user. ECPINS-W Sub is the most advanced submarine navigation software available and operational across more than just domestic markets. Proven operationally, including very high latitude exercises, the advanced features enable the submariner to fully exploit their tactical advantage in all environments and not simply open ocean, deep water but in the much more challenging inshore, littoral battlespace."

About Our Technology

With ECPINS(R), OSI provides the most advanced surface and subsurface navigation functionality in the world. We have the largest customer base and greatest number of ships using our ECPINS(R) technology. In addition to ECPINS, OSI has fielded the advanced Warship-AIS (W-AIS) product. W-AIS provides intelligence and analysis as well as situational awareness and is a fleet-wide installation in the UK Royal Navy. OSI further has provided its Asset Control and Tracking (ACT) technology to the Canadian Navy for port security during the upcoming 2010 Winter Olympics in Vancouver. ACT allows a mother-ship or shore-based command and control centre to securely communicate and positively control small fast patrol boats and Rigid Hull Inflatable Boats (RHIBs) for interception and boarding operations. With OSI's ACT technology, these complex and dangerous operations can be carried out with utmost confidence and security. In addition to these technologies, OSI has developed an innovative small boat Integrated Navigation and Tactical System (INTS) that provides all the traditional functions of an Integrated Bridge System (IBS) in addition to providing the essential tactical functions of a Combat Management System (CMS). The INTS is aimed at fast attack craft and patrol vessels for littoral warfare and homeland defence. With one of the largest and most experienced software engineering teams in the industry and over 25 years of experience, we continue to build on our capabilities and maintain our leadership advantage.

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, DC4S Commander, DC4S-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.