VANCOUVER, Nov. 28, 2011 – OSI Geospatial Inc. (TSX Venture: OSI), a world leader in naval navigation and tactical solutions, announces the release of ECPINS 6.0 for Warships (ECPINS-W) and Submarines (ECPINS-W Sub), and the fleet-wide deployment by the Royal Navy.
ECPINS 6.0 delivers the most advanced navigation and tactical capabilities for surface and subsurface naval operations. As the company’s latest and most advanced product, it offers significant enhanced capabilities including leading-edge 3D imagery, networking capabilities, and upgraded dived navigation. Further, ECPINS 6.0 has achieved International Maritime Organization (IMO) ECDIS certification, and it is the only product formally tested by a recognized certification body that is fully compliant to the NATO STANAG 4564 Edition 2 WECDIS standard.
The UK Royal Navy will be the company’s first customer to upgrade to ECPINS 6.0. The software upgrade will be implemented across systems currently operating on approximately 75 warships and submarines.
About OSI Geospatial
OSI Geospatial Inc. operates two distinct business units: Offshore Systems Ltd. (based in Vancouver, British Columbia), a world-leading naval fleet supplier of integrated navigation and tactical solutions; and CHI Systems, Inc. (based in Philadelphia, Pennsylvania), a leading-edge research, development, and systems integration supplier of technology solutions for defense, aerospace, health, and bioscience markets. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The Company is publicly traded on the TSX Venture Exchange. For additional information please visit www.osigeospatial.com.
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This press release includes forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of OSI Geospatial, specifically with respect to the results of the Company’s US research and development operations. Any such forward-looking statements are subject to risks and uncertainties and OSI Geospatial’s actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI Geospatial’s financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.