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FOR IMMEDIATE RELEASE
OSI Geospatial Signs U.S. Air Force Contracts Valued at C$1.7 million
Vancouver, Canada - OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced today it has signed two contracts for the U.S. Air Force totaling approximately C$1.7 million (US$1.5 million). These development contracts continue engineering work underway to improve the effectiveness of certain existing systems and processes. Work will be performed over the next two years.
"This work with the Air Force is important to maintaining our reputation as a leader in cognitive engineering and will provide unique expertise in an area of growing importance and prevalence with the U.S. Department of Defense," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "By developing engineering solutions to problems that are a high priority, we have the opportunity to establish the company as a preferred supplier to major U.S. military programs."
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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