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SpatialNews.com Press Release
OSI Geospatial Awarded Royal New Zealand Navy Contract Valued at US$1.9 Million
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 31, 2006) - OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced today that its international systems operations has been awarded a contract totaling approximately US$1.9 million by the Royal New Zealand Navy. Under the contract terms, OSI will provide the RNZN maintenance support including hardware and software updates, help desk and training services over a ten year period. The contract also establishes a set rate structure for customer directed engineering services to be provided on an as required basis.
"The Royal New Zealand Navy is an important customer and we are extremely pleased to be expanding our relationship to include long term systems maintenance and ongoing engineering services. We stand committed to supporting the Royal New Zealand Navy and look forward to a strong and healthy long term relationship," 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.
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