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FOR IMMEDIATE RELEASE
OSI Geospatial Awarded U.S. Army Contracts Valued at C$2.5 million
Vancouver, Canada - OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced today its U.S. systems operations has been awarded three contracts totaling approximately C$2.5 million (US$2.3 million) by the U.S. Army. Under the contract terms, the company will further develop and enhance its command and control technology to meet U.S. Army requirements. Work will be performed over the next two years.
“The U.S. Army is an important customer and we are pleased to see our working relationship continue to strengthen and grow. The award of these contracts is evidence of our solid relationship and ability to develop innovative technologies that meet their specific needs,” said Ken Kirkpatrick, president and CEO of OSI Geospatial.
About OSI Geospatial
OSI Geospatial Inc. delivers advanced systems and software to address the growing need for enhanced situational awareness in command, control, communications, and intelligence applications. By providing essential tactical and geospatial information, the company’s systems and software help decision-makers know the precise location of mission operations across all military forces while integrating information with allies. OSI Geospatial systems are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.
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 harbor’ 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. OSI Geospatial 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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