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OSI technology performing well above expectations in global counter-terror demonstration
Vancouver, Canada -- Offshore Systems International Ltd. (TSX: OSI/ OTCBB: OFSYF) announced today that its Common Operational Picture product line (COP PL) is performing well above expectations at a global counter-terror demonstration involving 26 countries now running from June 13 to June 23, 2005.
"All indicators from the first few days are that our system is working extremely well," said OSI President and CEO, John Jacobson. "Feedback from participants on our technology's capability and performance has been excellent. We're ready for the peak of action, which starts today."
The counter-terror exercise is testing new technologies that can be operational within a year in the context of a global response to fictional terrorist incidents in North America and military action between four imaginary countries. Homeland security departments, military forces and intelligence agencies are assessing how well they can use and exchange information to support coalition actions.
OSI's COP PL is being evaluated for its ability to improve "situational awareness" by providing in real time a single picture of what is happening in the field. In addition to its own trial COP PL is directly feeding battle maps and target displays into products from Black Coral Inc., IDELIX Software, Inc. and the U.S. National Geospatial-Intelligence Agency. A media event on the demonstration will be hosted by the Canadian Forces Experimentation Centre at Shirley's Bay in Ottawa on Monday June 20, 2005 from 1 p.m. to 3 p.m. OSI's COP PL will be on-site for those media attending and interested in seeing the technology in action.
Note to editors: Those attending the media event should arrive at the guardhouse at the entrance to the Shirley's Bay campus no later that 12:30 p.m. to allow time for security procedures. CFEC is a secure facility where visitors must be escorted at all times and opportunities for photographs are limited. To obtain a media kit, or for further media day information, CWID imagery, and names of participating Canadian businesses and government organizations, please contact: Captain Hollie Ryan, CFEC Public Affairs Officer: (613) 949-5725, ryan.ha@forces.gc.ca. For further information regarding CWID, please contact: Mr. Michael Brown, CWID Chief of Public Affairs and Protocol: (757) 225-2172, michael.brown.ctr@langley.af.mil
About Offshore Systems International Limited
Offshore Systems International Ltd. (OSI) is a pioneer in geospatial intelligence software and systems. The Company conducts its operations through three business units: OSI Navigation Systems (moving map display systems and software), OSI Applications (situational awareness products and services for command and control systems) and Mapcon Mapping (digital map and electronic chart data production services: land and marine). OSI’s common shares are listed for trading on the Toronto Stock Exchange (TSX: OSI) and the OTC Bulletin Board (OTCBB: OFSYF). Visit OSI’s website at www.osil.com for more information and the latest Company updates.
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-looking 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, and industry supply.
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Jane Hayward
Investor Relations |
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