OSI Geospatial Signs $1.1 Million U.S. Army ContractDecember 17, 2007
Company will develop and enhance its small unit situational awareness technology for military operations in extreme environments.
OTTAWA, CANADA--(Marketwire -) - OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced that its U.S. Systems Operations has signed a US $1.1 million contract with the U.S. Army. Under the contract terms, the company will further develop and enhance its Small Unit Situational Awareness (SUSA) command and control technology to support U.S. Army operations in extreme environments. Work will be performed over the next 12 months.
"We have invested significant resources in developing our SUSA technology over the last few years and this contract provides further evidence that we are on the right track." said Ken Kirkpatrick, president and CEO of OSI Geospatial. The U.S. and many other countries are ramping up procurements to acquire this technology and we are well position to secure our share of this business".
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).
Copyright (C) 2007 OSI Geospatial Inc. and its affiliated or related companies.
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