OSI Geospatial Inc. announces contract
June 11 2012 - 10:43AM
PR Newswire (Canada)
VANCOUVER, June 12, 2012 /CNW/ - OSI Geospatial Inc. ("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. Forward-Looking
Statements 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. OSI Geospatial Inc. CONTACT: Jim GirardChief Financial
Officer and Secretary+1 778-373-4600+1 888 880 9797+1 778-373-0027
(FAX)invest@osigeospatial.com
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