OSI Geospatial Signs $1.5 M US Military Contracts(Ottawa, Canada, May 13, 2008) -- OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced today that its U.S. Systems Operations has been awarded two contracts valued at approximately US$1.5 million in total. Under the terms of the contracts, the company will provide its training technology to the United States Army and Air Force.
"We are pleased to be providing our advanced training technology to the U.S. Army and Air Force," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "Our technology significantly reduces training costs and ultimately improves operational performance."
Military Global Navigation Satellite Systems (GNSS) Market Assessment
Source : OSI Geospatial Inc.