OSI Geospatial Signs Australian Navy Contracts Valued 1.1 M

(Ottawa, Ontario, September 4, 2008) -- OSI Geospatial Inc. (TSX:OSI) announced today that its International Systems Operations has signed contracts valued at approximately US$1.1 million. Under the terms of these contracts, the company will provide navigation systems and hardware upgrades to the Australian Navy over the next 3 months.

"The Australian Navy has become one of our largest customers and we are committed to expanding our business relationship," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "We are working hard to introduce new products and services to the Australian Navy and we are confident that this will lead to significant future business for our company."

Source : OSI Geospatial Inc.

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