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Offshore Systems Delivers ECPINS® System for Lockheed Martin Sea SLICE Vessel in time for Fleet Battle Experiment-Juliet
"We're very pleased to have been chosen as a supplier for the Sea SLICE vessel, and to be supporting Fleet Battle Experiment - Juliet," said John Jacobson, President and CEO of the company. "The Sea SLICE is a remarkable ship that was developed to explore advanced hull form capabilities. It is fast, has a scaleable design architecture, is highly stable at all speed ranges in rough waters including sea state 5, and can be rapidly reconfigured to support different missions ranging from mine countermeasures to anti-submarine warfare and force protection."
During the two-and-a-half week experiment, Sea SLICE will operate approximately eighty miles (128 kilometers) off the San Diego coast in a combat environment classified as "cluttered littoral." The vessel will face real and simulated threats from surface, sub-surface and airborne sources. One of the significant themes for Sea SLICE and the entire experiment will be "reduced manning requirements", which will be met by grouping information management hardware and ship automation tools.
Lockheed Martin Marine Systems
Lockheed Martin Marine Systems is a business unit of Naval Electronics & Surveillance Systems (NE&SS) and is part of Lockheed Martin Corporation (NYSE: LMT) headquartered in Bethesda, MD. The corporation's principal business areas are aeronautics, space, systems integration and technology services.
Lockheed Martin is the system integrator for Offshore's ECPINS® software and will also incorporate ECPINS® into its next generation bridge (pilot house) being developed as part of the company's Total Ship Automation System (TSAS). TSAS will seamlessly integrate state-of-the-art ship automation and control products, technologies, and services for both military and commercial customers, providing enhanced capability while optimizing manning requirements and reducing operating costs.
For more information on Sea SLICE, see the Lockheed Martin Sea SLICE technology web page at http://ness.external.Imco.com/nessb/hullform/hullform.htm
The Company
Founded in 1977, Offshore Systems designs, develops and markets the proprietary ECPINS® line of electronic chart navigation systems for ships. ECPINS® helps to reduce the risk of navigation-related incidents by giving bridge crews a precise, real-time display of their position, course and speed, against a background of fixed obstacles and other navigational hazards. Offshore Systems has developed a strong market position in military navigation, and has ECPINS® systems deployed with the United States Coast Guard, the Canadian Navy, the Royal Danish Navy and the United States Navy.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, OSI's analysis of opportunities in the acquisition and development of various project interests and other matters. These statements are made under the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Although Offshore Systems International believes the expectations reflected in such forward-look statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, uncertainties associated with contract negotiations, industry supply.
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Jane Hayward
Investor Relations |
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