Australian Navy picks OSI for warship navigation systems

VANCOUVER, B.C., 2 Dec. 2005. Offshore Systems International Ltd. (OSI) has been awarded a C$500,000 contract to supply the Royal Australian Navy with delivery of the most advanced electronic warship navigation systems available.

Dec 2nd, 2005

VANCOUVER, B.C., 2 Dec. 2005. Offshore Systems International Ltd. (OSI) has been awarded a C$500,000 contract to supply the Royal Australian Navy with delivery of the most advanced electronic warship navigation systems available.

This is a follow-on order to the C$8 million subcontract OSI signed with its teaming partner, Nautronix, in March 2004 when OSI became the fleet supplier to the Royal Australian Navy for electronic chart navigation systems.

OSI's electronic chart navigation systems deliver unsurpassed performance, meeting the needs of the military market by integrating real-time electronic chart display with other critical navigational information systems. The international deployment of OSI Navigation Systems ECPINS-M, the most advanced ECPINS available today with full military functionality, by the Royal Australian Navy and others means not only safer ships and more effective missions but also full interoperability between allied fleets.

"This contract calls for immediate delivery and secures nearly half of the C$1.2 million contract prematurely announced on November 15, 2005," stated Ken Kirkpatrick, president and CEO of OSI. "The negotiations for the balance of the contract are ongoing, and we are confident that it will come to closure."

"Our partnership with the Royal Australian Navy and Nautronix has never been stronger. The Navy has, by choosing the OSI system, selected one of the world's most advanced military electronic chart display and information systems. We look forward to many future opportunities to build on our working relationship with both the Royal Australian Navy and Nautronix."

Offshore Systems International Ltd. (OSI) makes geographic-intelligence software, systems and data products mainly for large government and civilian customers. The company operates three business units: OSI Navigation Systems (moving-map display systems and software for naval surface ships and submarines); OSI Applications (network-based map and target display software and services for national defence and homeland security) and Mapcon Mapping (digital land mapping and marine charting services for civilian customers). For more information, see www.osil.com.

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