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OSI Geospatial Signs UK Royal Navy Contracts Valued at $2 M

(Ottawa, Ontario, August 13, 2008) -- OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced today that its International Systems Operations has signed follow-on contracts valued at approximately US$2 million. Under the terms of these contracts, the company will provide enhancements to the Warship ECDIS and AIS systems previously delivered to the UK Royal Navy.

"The Royal Navy is a valued customer and we are pleased that our relationship continues to strengthen. The award of these contracts confirms their commitment to our command and control technology and our ability to meet their operational requirements," said Ken Kirkpatrick, president and CEO of OSI Geospatial.

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Source : OSI Geospatial Inc.

Published on ASDNews: Aug 14, 2008


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