VANCOUVER, June 12, 2012 /CNW/ - OSI Geospatial Inc. (TSXV: OSI) ("OSI"
or the "Company") is pleased to announce that the Company has signed a
$1.5 million contract to deliver its products to a confidential
customer. Under the terms of this contract, the program will be
executed over an 18 month period.
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 may include forward-looking information within the
meaning of applicable securities laws including information concerning
the business and future results of OSI Geospatial. 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.
SOURCE OSI Geospatial Inc.
For further information:
Chief Financial Officer and Secretary
+1 888 880 9797
+1 778-373-0027 (FAX)