Absolutely pathetic.
OS Geospatial Signs Software Upgrade Contract with the Danish Navy
OTTAWA, Nov. 29 /CNW/ - OSI Geospatial Inc. (TSX: OSI) ("OSI Geospatial") announced today that its International Systems Operations has signed a contract valued at approximately $300,000. Under the terms of this contract, OSI Geospatial will deliver its latest version of COP-IDS® software, and expects to recognize the revenue from this contract in the fourth quarter of 2010.
"We have been providing our products and services to this customer since 2001. The Danish Navy was one of the company's first customers and one of the first navies to embrace electronic navigation for warships," said Ken Kirkpatrick, President and CEO. "We value our long-term business relationship with this important customer, and we are confident that our business will continue to expand."
About OSI Geospatial
OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange. For additional information please visit www.osigeospatial.com.