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FOR IMMEDIATE RELEASE
OSI Geospatial Delivers Common Operational Picture Product to L-3 Communications Marine Systems for Use on the U.S. Navy's DDG 1000 Program
Vancouver, Canada
OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced today it will provide its Common Operational Picture (COP) product to L-3 Communications Marine Systems for integration into the bridge system of the DDG 1000, the U.S. Navy’s next generation destroyer. OSI’s subcontract includes a Linux version of its current COP product, plus testing, training, and support services. It was awarded by L-3 Communications Marine Systems on May 5, 2006.
“DDG 1000 is one of the U.S. Navy’s most important development programs for future ship technology. The program provides a broad strategic framework intended to transform the shape and character of U.S. naval technology,” said Ken Kirkpatrick, president and CEO of OSI Geospatial. “ The integration of our COP product into the bridge systems of the DDG 1000 vessels will deliver enhanced situational awareness and support improved decision-making capability at strategic, operational, and tactical levels. We are honored to be included among the first-rate team assembled for this important program and look forward to future opportunities to work with L-3 Communications Marine Systems and the U.S. Navy.”
Raytheon Integrated Defenses Systems is the prime mission systems equipment integrator for all electronic and combat systems aboard DDG 1000 Zumwalt Class naval destroyers. L-3 Marine Systems was selected by Raytheon to provide the integrated bridge system component for the DDG 1000 program. An integrated bridge system automatically collects, processes, controls, and displays vital navigation sensor and control data in order to maximize ship efficiency and safety. OSI will be a third tier vendor under the Program.
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.
About L-3 Marine Systems:
L-3 Marine Systems (L-3 MS) is a foremost integrator of naval sea frame control systems which include engineering and damage control, bridge and navigation systems, auxiliaries, condition assessment, safety and internal communications and surveillance. The company’s innovative approach to ship management is to select and provide best of industry components and technologies and integrate these into a seamless system for ship operators. L-3 MS offers its customers the finest solutions by using the most economical approaches from a variety of manufactures that meet the customer’s specific requirements, ensuring that the best value solution is provided. Assessed as an SEI CMMI Level 3 operation, L-3 MS has been a center of excellence in providing advanced controls, simulation and integration training solutions to the U.S. Navy since 1996.
Forward-Looking Statements
Certain statements made in this news release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and Section 138.4(9) of the Ontario Securities Act. These forward-looking statements are subject to risks and uncertainties. Actual results may differ from these projections. The risks associated with the Company's business include risks related to its reliance on international government contracts; the number of large customer transactions and the related lengthy sales cycles in executing those opportunities; uncertainties associated with competitive bidding processes and contract negotiations; actions by government authorities; the effects of general economic and political conditions; changing foreign exchange rates; and challenges related to the company's ability to introduce, develop and implement new products and enhancements to existing products that respond to customer requirements in a changing, complex, technological market. A complete discussion of the company’s risk factors is presented in the company’s most recent annual reports, filed with the United States Securities and Exchange Commission (“SEC”) and the Canadian Securities Administrators (“CSA”), as well as other periodic reports filed with the SEC and the CSA. The Company does not undertake any obligation to update the forward-looking statements.
Copyright © 2006 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and may be either trademarks, service marks or registered trademarks of their respective owners. Data subject to change without notice.
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