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OSI Geospatial announces the opening of a UK Branch Office
Vancouver, Canada - OSI Geospatial Inc. (TSX Venture: OSI) is pleased to announce that it has established a Branch Office in the United Kingdom. The UK Royal Navy ("RN") is a significant customer and currently has OSI’s tactical navigation software and systems installed across 75 platforms including submarines. The RN has been using OSI's systems since 2004 and the technology will soon be deployed into the Astute Class submarine.
"OSI is extremely pleased to announce the opening of a facility in the UK", said Walter Purio, President and CEO. "This investment, through the establishment of a permanent footprint in the UK, demonstrates our long-term commitment to the UK MoD’s current and future programs and also demonstrates our commitment to other potential markets in the UK and Europe."
"The UK facility has been established to provide direct support to a number of existing programmes", said Jon Nicholson, Director Operations. "The UK Operation located in Portsmouth will be an extension of our existing facility in Vancouver and will carry out the day-to-day management of our Through Life Support solution to the RN. Additionally we will be better placed geographically to service our customers on the near continent in both existing contracts as well as current and future sales initiatives."
About OSI Geospatial
OSI Geospatial Inc. operates two distinct business units: Offshore Systems Ltd. (based in Vancouver,
British Columbia), a world-leading naval fleet supplier of integrated navigation and tactical solutions; and
CHI Systems, Inc. (based in Philadelphia, Pennsylvania), a leading-edge research, development, and
systems integration supplier of technology solutions for defense, aerospace, health, and bioscience
markets. OSI Geospatial systems and software are in use by military, government, and commercial
customers around the world. The Company is publicly traded on the TSX Venture Exchange. For
additional information please visit
www.osigeospatial.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains forward-looking statements and information that reflect the current view of
OSI Geospatial with respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and OSI Geospatial’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 Geospatial’s financial results are detailed in disclosure documents
filed from time to time with the applicable Canadian securities regulatory authorities.
ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company.
iGEN is a registered trademark 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.
For more information:
Jim Girard
Vice-President, Finance and Secretary
+1 778-373-4600
+1 888 880 9797
+1 778-373-0027 (FAX)
invest@osigeospatial.com
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