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OSI Geospatial Signs U.S. Military Contracts Valued at US$1.3 million

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  Published in Science and Technology on Monday, December 13th 2010 at 5:50 GMT by Market Wire
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OTTAWA, Dec. 13 /CNW/ - OSI Geospatial Inc. (TSX: OSI) announced today its U.S. systems operations has signed contracts totaling approximately US$1.3 million for the U.S. Military. Under the terms of these contracts, the company will further develop and enhance its geospatial command and control technology to meet U.S. Military operational requirements.

"We are pleased that the U.S. Military continues to invest in the development of our command and control technology. We have made significant progress in developing advanced technology that will be deployed to meet operational requirements," said Ken Kirkpatrick president and CEO of OSI Geospatial. "The Military's continued investment in the development of our technology is evidence that we are making solid progress."

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 with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI Geospatial'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 Geospatial's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

Copyright © 2010 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 is a registered trademark 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.