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SpatialNews.com Press Release
OSI Geospatial Signs U.S. Army $1.2 Million Follow-On Contract
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Ottawa, Canada - OSI Geospatial Inc. (TSX:OSI) announced today that its U.S. Systems Operations has signed a follow-on contract valued at approximately US$1.2 million. Under the terms of this contract, the company will continue to develop its command and control technology to meet specific U.S. Army operational requirements.
"I am pleased that the U.S. Army continues to invest in this very important project. We have made significant progress in developing advanced technology that will enhance operations in extreme environments," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We are working hard to ensure that this technology will be ready for operational use in 2009 and are confident that our success will lead to additional business with this very important customer."
About OSI Geospatial
OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety 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) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.
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