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OSI Geospatial Awarded US$2.8 Million Contract with the U.S. Army
Vancouver, Canada - OSI Geospatial Inc. (TSX: OSI) announced today that its U.S. Operations has been awarded a contract with the U.S.
Army valued at approximately US$2.8 million. Under the terms of this contract, the Company will develop advanced
medical training technology. The revenue from this contract will be realized over the next 12 months. The Company
expects to be awarded a follow-on contract of similar value in the third quarter of 2011.
"This is a very important program, and I am pleased that we will have the opportunity to develop and deliver a quality
training solution for the U.S. Army," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We are pleased to be
expanding our relationship with the U.S. Army and strongly believe that we are well positioned to leverage this contract to
develop future opportunities for the Company."
About OSI Geospatial
OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational
awareness for military, safety and security applications. Our products and services enable our customers to integrate and
visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers
with enhanced operational performance, safety and security through shared real-time situational awareness. OSI
Geospatial systems and software are in use by military, government, and commercial customers around the world. The
Company is publicly traded on the Toronto Stock Exchange. For additional information please visit www.osigeospatial.com.
Forward-Looking Statements
This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial
Inc. ("OSI") with respect to future events and financial performance. Any such forward-looking statements are subject to
risks and uncertainties, and OSI'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's financial results
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.
Copyright © 2010 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered
trademarks of Offshore Systems Ltd., an OSI Geospatial company. iGEN is a registered trademark of CHI Systems Inc.,
an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and
may be either trademarks,
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