OSI Geospatial signs U.S. Air Force contracts totaling C$1.7 M

OSI Geospatial signs U.S. Air Force contracts totaling C$1.7 M

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Vancouver, Canada, 19 June 2006: OSI Geospatial Inc. announced on June 19 that it has signed two contracts for the U.S. Air Force totaling approximately C$1.7 million (US$1.5 million). These development contracts continue engineering work underway to improve the effectiveness of certain existing systems and processes. Work will be performed over the next two years.