OSI Geospatial announces that the UK Ministry of Defence purchases Fleetwide ECPINS Licence for use by the Royal Navy

VANCOUVER, April 6 /CNW/ - OSI Geospatial Inc. (TSX Venture: OSI) is pleased to announce that it has signed a $2.2 million contract with the UK Ministry of Defence to provide a fleetwide license for use by the UK Royal Navy (RN).

The RN currently employs OSI's tactical navigation software and systems across 75 naval platforms, including submarines. OSI's systems have been employed by the RN since 2004.  This new fleetwide licence enables the RN to establish a common software baseline across all of its current platforms. The licence further enables the RN to deploy OSI's ECPINS technology across a wide range of new naval users ranging from small specialized craft and land based operations to new platforms such as the RN's T45 Destroyers, Astute Class submarines and future new build platforms.

"The RN's continued confidence and commitment to OSI's proven ECPINS technology is very satisfying for the entire OSI Geospatial team," said Walter Purio, OSI's President and CEO. "This important fleetwide licence contributes to an increasingly robust relationship with the RN and paves the way for a continued mutually beneficial relationship with one of our key naval customers."

"The Royal Navy's continued investment in OSI's world leading ECPINS product is a clear demonstration of the navigational and tactical benefits that ECPINS brings to the user," said Jim Davison, Director Customer Relations.

ECPINS-W Sub is the most advanced military navigational application available today and is the only ECDIS product that has been type approved against the NATO WECDIS STANAG 4564.  ECPINS-W Sub provides the user with full WECDIS functionality as well as with a number of advanced tools both navigational and tactical which provide best of class operational capability  Currently deployed and operational on over 400 warships, across 14 different navies OSI's ECPINS products provide the naval customer with significant cutting edge technology.

About OSI Geospatial 
OSI Geospatial Inc. operates two distinct business units: Offshore Systems Ltd. (based in Vancouver, British Columbia), a world-leading naval fleet supplier of integrated navigation and tactical solutions; and CHI Systems, Inc. (based in Philadelphia, Pennsylvania), a leading-edge research, development, and systems integration supplier of technology solutions for defense, aerospace, health, and bioscience markets.  OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The Company is publicly traded on the TSX Venture Exchange. For additional information please visit www.osigeospatial.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking statements and information that 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.

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:

Jim Girard
Vice-President, Finance and Secretary
+1 778-373-4600
+1 888 880 9797
+1 778-373-0027 (FAX)
invest@osigeospatial.com

Organization Profile

OSI Geospatial Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890