OSI Geospatial Signs Navy Contract to Provide Risk Assessment Services

(Ottawa, Ontario, October 1, 2008) -- OSI Geospatial Inc. (TSX:OSI) announced today that its U.S. Systems Operations has signed a contract with the U.S. Navy valued at approximately US$350,000. Under the terms of this contract, the company will provide integrated vulnerability assessment (IVA) services in support of anti-terrorism/ force protection requirements. "This is our first contract to provide our IVA service to the U.S. Navy and we are very pleased to be contributing to their anti-terrorism initiatives," said Ken Kirkpatrick president and CEO of OSI Geospatial. "We are confident that this project will be a success and will position the company to secure future force protection business with this customer."

Source: OSI Geospatial Inc.
Date: Oct 3, 2008

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