OSI Geospatial Signs US Army $1.2 M Follow-On Contract(Ottawa, Canada, November 13, 2008) -- OSI Geospatial Inc. (TSX:OSI) announced today that its U.S. Systems Operations has signed a follow-on contract valued at approximately US$1.2 million. Under the terms of this contract, the company will continue to develop its command and control technology to meet specific U.S. Army operational requirements.
"I am pleased that the U.S. Army continues to invest in this very important project. We have made significant progress in developing advanced technology that will enhance operations in extreme environments," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We are working hard to ensure that this technology will be ready for operational use in 2009 and are confident that our success will lead to additional business with this very important customer."
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Source : OSI Geospatial Inc.