OSI Geospatial Signs Australian Navy Contracts

(Ottawa, Canada, July 7, 2008) -- OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced today that its International Systems Operations has signed contracts valued at approximately US$1.3 million to provide navigation systems and engineering services to the Royal Australian Navy.

"The Australian Navy is an important customer and we are pleased to be expanding our relationship." said Ken Kirkpatrick, president and CEO of OSI Geospatial. "Repeat business is evidence that we are providing value to our customers."

Source : OSI Geospatial Inc.

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