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A $420,000 new contract win for Mapcon Mapping in the U.S.
Vancouver, Canada — Offshore Systems International Ltd.’s (TSX: OSI/ OTCBB: OFSYF) Mapcon Mapping company has won a new prime contract with Lake Havasu City Public Works Department in Arizona for CDN$420,000.
“This demonstrates the powerful positive synergy between OSI and Mapcon Mapping, which we acquired earlier this year,” said John Jacobson, OSI President and CEO.
Jacobson said a key goal for the company’s land mapping business is to significantly expand prime contract work. “This new prime contract is from an opportunity that neither company would have pursued in the past. The combined group has the capacity and the strength to win and to perform,” Jacobson explained. “We’re very focused on growing our land mapping prime contract work throughout North America.”
About Offshore Systems International Ltd.
Offshore Systems International Ltd. (OSI) makes geographic-intelligence software, systems and data products mainly for large government and civilian customers. The company operates three business units: OSI Navigation Systems (moving map display systems and software for naval surface ships and submarines); OSI Applications (network-based map and target display software and services for national defence and homeland security) and Mapcon Mapping (digital land mapping and marine charting services for civilian customers). Visit OSI’s website at www.osil.com for more information and the latest company updates.
Forward-Looking Statements
This news release contains items that 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. 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. Offshore Systems International can give no assurances that its representations will be achieved or that it will update them at any time in the future.
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Jane Hayward
Investor Relations |
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| Phone: (613) 287-0462 |
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