OSI Geospatial Inc.

OSI Geospatial Signs Contract with the Port of Miami to Provide Risk Assessment Services

Ottawa, Canada-OSI Geospatial Inc. (TSX: OSI) announced today that its U.S. Systems Operations has signed a contract valued at approximately US$400,000 to provide an integrated vulnerability assessment (IVA) to the Port of Miami. Under the terms of the contract, the company will complete an IVA for the port system and identify actions to effectively mitigate threats to the region’s maritime critical infrastructure. The work is estimated to be completed over a three to four month period.

“We are pleased that we continue to win contracts under the Port Security Grant program,” said Ken Kirkpatrick president and CEO of OSI Geospatial. “The Port of Miami is a critical port and we are confident that we can build on this success as we establish ourselves as market leaders in this space and leverage this success to deliver technology solutions to this market.”

The Port of Miami is among America’s busiest ports and recognized throughout the world with the dual distinction of being the Cruise Capital of the World and the Cargo Gateway of the Americas. The Port contributes over $17 billion annually to the South Florida economy and helps provide direct and indirect employment for over 176,000 jobs. The world's leading cargo lines call at the Port of Miami. Cargo destined for more than 100 countries and 250 ports around the world flow through our seaport. In 2007, imports totaled some 4.37 million tons and exports were 3.46 million tons, totaling 7.84 million annual tons. Due to its strategic location, last year the port included among its top ten trading partners countries from the Far East, South and Central America, Europe and the Caribbean. Furthermore, as part of its strategic business plan the Port is seeking to further diversify this list. By 2020, it is expected that most U.S. container port gateways will double or triple in volume. Meeting the challenge, the Port continues to work on major capital development improvements.

OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI). For additional information please visit www.osigeospatial.com.

This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial Inc (“OSI”) with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI’s actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI’s financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

Copyright © 2008 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. IGEN and C3CORE are registered trademarks of CHI Systems Inc., 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