OSI Geospatial Signs US Military Contracts Valued $1.5 M(Ottawa, Canada, September 11, 2008) -- OSI Geospatial Inc. (TSX:OSI) announced today its U.S. Systems Operations has signed two contracts with the U.S. Military valued at approximately US$1.5 million in total. Under the terms of the contracts, the company will further develop and enhance its advanced training technology to meet future U.S. Military requirements.
"We continue to make solid progress in the development of our training technology for military applications," said Ken Kirkpatrick, president and CEO of OSI Geospatial."I am confident that we can build on this work with the U.S. military to create future business opportunities in both the U.S. and Canada."
The Global Military Electro Optical Infrared (EO/IR) Systems Market 2015-2025
Source : OSI Geospatial Inc.