OSI Geospatial signs US$2.1 M U.S. Department of Homeland Security contract

OSI Geospatial signs US$2.1 M U.S. Department of Homeland Security contract

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Vancouver, Canada, 21 June 2007: OSI Geospatial Inc. has signed a contract valued at approximately US$2.1 million to provide the U.S. Department of Homeland Security with critical infrastructure vulnerability assessments. OSI expects to complete this work over the next 9 to 12 months.

“This is our first success with the U.S. Department of Homeland Security and our first win in our new Layered Security Solutions business unit. I am pleased to report that we have met our 2007 strategic objective of becoming a credible supplier in the national security market,” said Ken Kirkpatrick, President and CEO of OSI Geospatial.

OSI Geospatial Inc. delivers geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications.