(Ottawa, October 13, 2009) -- OSI Geospatial Inc. (TSX: OSI) ("OSI") announced today that its International Systems Operations has signed a contract valued at approximately $400,000 with the Dutch Defence Materiel Organization to provide a classroom-based Warship ECDIS Training Simulator for use by the Royal Netherlands Navy and the Naval Component of the Belgian Armed Forces. Under the terms of this contract, the company will deliver and install a 17 seat simulator that will be used to train students in the use of the company's world-leading ECPINS(R)-W system. The training simulator is expected to be delivered in the 4th quarter of 2009.
OSI previously announced the successful conclusion of a $1.3 million contract to provide 12 Warship ECDIS systems to the Royal Netherlands Navy and the Naval Component of the Belgian Armed Forces.
"The Dutch Navy is an important customer and we are pleased to be expanding our business relationship. The award of this contract is evidence that we are providing value to our customers," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "This is the first training simulator project for our company and we hope to build on this success with our customers."
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