OSI Geospatial Signs US DoD Contracts Valued at $1.8M

(Ottawa, December 7, 2009) -- OSI Geospatial Inc. (TSX: OSI) ("OSI") announced today that its U.S. Operations has signed R&D contracts valued at approximately $1.8 million. Under the terms of these contracts, the company will provide advanced technology engineering services and support. The company expects to recognize the revenue from these projects within the next 12 months.

"We are currently working on a number of advanced technology R&D projects that will provide us with the opportunity for significant follow-on business," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "These projects provide OSI with insight into future military requirements and the funding to develop the technologies that will support these requirements."

Source : OSI Geospatial