OSI Geospatial Signs $10 M Contract With US Army

(Ottawa, Canada, May 7, 2008) -- OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced today that its U.S. Systems Operations has signed a five year, US$10 million contract with the U.S. Army. Under the terms of this contract, the company will provide its land based command and control products and engineering services in support of U.S. Army operational requirements.

"We are very pleased to be signing this significant contract with this valued, long term customer, the U.S. Army. Our relationship has allowed for the exceptional progress in the development of our land based command and control products and, specifically, our Small Unit Situational Awareness system. The development of relationships and products such as these is critical to our growth strategy and this contract underscores the progress that we are making," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We strongly believe that we are well positioned to leverage this contract to develop future opportunities in the United States, United Kingdom and Canada."

Source : OSI Geospatial Inc.

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