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March 18th, 2011
OSI Geospatial Announces $1.4 Million Contract in Australia

OSI Geospatial Inc. is pleased to announce that it has signed a $1.4 million contract to support the OSI navigation and tactical system used fleet-wide within the Royal Australian Navy (RAN). The contract makes provision for technical support as well as software upgrades for ECPINS-W sub (Electronic Chart Precise Integrated Navigation System – Warship submarine). The agreement also contains provisions for hardware support and maintenance for the ECPINS-W sub workstations installed onboard the RAN fleet. The support contract for these systems, which is signed through L3 Communications, extends through October 31, 2013 and is expected to generate approximately $500,000 in annual revenue. Read More