VANCOUVER, Nov. 28, 2011 /CNW/ - OSI Geospatial Inc. (TSX Venture: OSI),
a world leader in naval navigation and tactical solutions, announces
the release of ECPINS 6.0 for Warships (ECPINS-W) and Submarines
(ECPINS-W Sub), and the fleet-wide deployment by the Royal Navy.
ECPINS 6.0 delivers the most advanced navigation and tactical
capabilities for surface and subsurface naval operations. As the
company's latest and most advanced product, it offers significant
enhanced capabilities including leading-edge 3D imagery, networking
capabilities, and upgraded dived navigation. Further, ECPINS 6.0 has
achieved International Maritime Organization (IMO) ECDIS
certification, and it is the only product formally tested by a
recognized certification body that is fully compliant to the NATO
STANAG 4564 Edition 2 WECDIS standard.
The UK Royal Navy will be the company's first customer to upgrade to
ECPINS 6.0. The software upgrade will be implemented across systems
currently operating on approximately 75 warships and submarines.
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.
This press release includes forward-looking information within the
meaning of applicable securities laws including information concerning
the business and future results of OSI Geospatial, specifically with
respect to the results of the Company's US research and development
operations. 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.
Data subject to change without notice.
SOURCE OSI Geospatial Inc.
For further information:
Chief Financial Officer
+1 888 880 9797
+1 778-373-0027 (FAX)