OTTAWA, Feb. 22 /CNW/ - OSI Geospatial Inc. (TSX: OSI) ("OSI
Geospatial") announced that, effective today, Mr. Ken Kirkpatrick has
resigned as the Company's President and Chief Executive Officer and as
a member of the Board of Directors to pursue other opportunities. The
Board of Directors has appointed Captain Walter P. Purio, who is
currently a member of the Board of Directors, to serve as the interim
President and Chief Executive Officer while the Board conducts a search
for a new CEO.
"Captain Walter P. Purio has served on the Board of OSI Geospatial since
January 1999, and we are pleased that he has agreed to take on this
interim assignment," said Raymond Johnston, Chairman of the Board.
"Capt. Purio has considerable knowledge of the Company and extensive
experience in the maritime defence and security markets. We are
confident that Walter will be successful in guiding the Company through
this transition period."
Mr. Johnson noted: "Ken Kirkpatrick has been a valued member of the OSI
Geospatial team, and, on behalf of the Board of Directors, I would like
to thank him for his efforts over the years and wish him success in his
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. For additional information please visit www.osigeospatial.com.
This press release contains forward-looking statements and information
which 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.
Copyright © 2011 OSI Geospatial Inc. and its affiliated or related
companies. 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.
SOURCE OSI Geospatial Inc.
For further information:
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