OSI Geospatial Signs $5.7M US Army Contract

(Ottawa, Canada, December 10, 2009) -- OSI Geospatial Inc. (TSX: OSI) ("OSI") announced today that its U.S. Operations has signed a three-year U.S. Army contract valued at approximately $5.7 million. Under the terms of this contract, the company will provide engineering, training and support services. The company expects to recognize approximately $1.9 million in revenue annually for the next three years.

"We have been working on this program for close to three years and the award of this contract is clear evidence that we are making a significant contribution to this important U.S. Army program," said Ken Kirkpatrick, President and CEO of OSI Geospatial. "I am very pleased with the results that our team has achieved and look forward to continued success on this program."

Source : OSI Geospatial