FOR IMMEDIATE RELEASE

OSI Geospatial Secures First Commercial Customer in Europe

Vancouver, Canada - OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced today it has been awarded a contract by Peter Döhle Schiffahrts - KG (Peter Döhle) of Hamburg, Germany for the installation and service of eight ECPINS® 4000 commercial grade navigation systems. Under the terms of the contract, ECPINS® will be installed on Peter Döhle's minibulk carriers. ECPINS® helps to reduce the risk of navigation related incidents by giving bridge crews a precise, real-time display of their position, course, and speed against a background of fixed obstacles and other navigational hazards. The system provides advanced navigational, precise vessel prediction, radar, and target control functionalities to assist the bridge team in difficult manoeuvring and traffic situations.

"With the addition of our first customer in Europe, we continue to expand our role in the commercial maritime market," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "Earlier this year we stated our intention to aggressively pursue this market. Our first European customer represents another important milestone. We are delighted to be working with a shipping company like Peter Döhle."

"OSI Geospatial clearly understands its customers and has worked with hundreds of ships' crews in the development of its market-leading ECPINS®," said superintendent Captain Harnisch of Peter Döhle. “Peter Döhle puts a high priority on the safety of our operations, and we believe ECPINS® contributes significantly to reducing the risk of navigation-related shipping incidents while providing a solid return on investment through operating cost reductions and improved navigation efficiency."

The Peter Döhle shipping group is operator and exclusive chartering agent for a modern fleet of about 170 container ships and bulk carrier. For more information about Peter Döhle please visit their website at www.doehle.de.

About OSI Geospatial
OSI Geospatial Inc. delivers advanced systems and software to address the growing need for enhanced situational awareness in command, control, communications, and intelligence applications. By providing essential tactical and geospatial information, the company’s systems and software help decision-makers know the precise location of mission operations across all military forces while integrating information with allies. OSI Geospatial systems are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.

Forward-Looking Statements
This news release contains items that constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These statements are made under the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. OSI Geospatial can give no assurances that its representations will be achieved or that it will update them at any time in the future.