OSI Geospatial Inc
SymbolOSI
Shares Issued47,594,084
Close 2009-11-02C$ 0.15
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OSI Geospatial sells submarine software

2009-11-03 10:56 ET - News Release

Ms. Jane Hayward reports

OSI GEOSPATIAL DEVELOPING NEW SUBMARINE MARKETS

OSI Geospatial Inc.'s international systems operations has signed a contract to provide a new naval customer with its ECPINS-W Sub WECDIS technology for trials and evaluation. The contract also includes training.

"ECPINS-W Sub continues to be the WECDIS software of choice for a growing number of naval customers," said Ken Kirkpatrick, president and chief executive officer. "This new customer will represent our 11th naval customer and our sixth submarine user. ECPINS-W Sub is the most advanced submarine navigation software available and operational across more than just domestic markets. Proven operationally, including very-high-latitude exercises, the advanced features enable the submariner to fully exploit their tactical advantage in all environments and not simply open-ocean deepwater, but in the much more challenging inshore, littoral battlespace."

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