OSI Geospatial Signs Contract to Provide WECDIS Systems for the Royal Netherlands Navy Walrus Class Submarines
July 11 2012 - 1:53PM
PR Newswire (Canada)
VANCOUVER, BC, July 12, 2012 /CNW/ - OSI Geospatial Inc. ("OSI" or
the "Company") is pleased to announce that today, the Company has
signed a contract with the Dutch Ministry of Defence to deliver and
install its WECDIS dived navigation system on four Walrus Class
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.
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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