OSI Geospatial Signs Contracts to Enhance Port Security Operations(Ottawa, Ontario, December 2, 2008) -- OSI Geospatial Inc. (TSX:OSI) announced today that its International Systems Operations has signed contracts totaling approximately $1.1 million with the Canadian Navy. Under the terms of these contracts, OSI will deliver its ACT small boat command, control and information systems ('C2IS') to support port security and maritime interdiction operations. The systems have been delivered and will be installed in shore based facilities and on small patrol boats over the next few months.
"We are pleased to have the Canadian Navy as our first customer to embrace our advanced small boat command, control and information system," said Ken Kirkpatrick president and CEO of OSI Geospatial. "The majority of our customers have been conducting operational trials of this new technology and feedback has been very positive. We believe that we can build on this success to develop future business for the company."
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Source : OSI Geospatial Inc.