OSI Maritime Systems

OSI Geospatial Announces $1.4m Contract in Australia

OSI Geospatial Announces $1.4m Contract in Australia

OSI Maritime Systems

OSI Geospatial is pleased to announce that it has signed a $1.4m 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.

The RAN has been using OSI's systems since 2004 and is licensed to deploy the technology throughout all defence organisations in the Commonwealth. Through L3 Communications in Australia, OSI has supplied the navigation systems, including upgrades, for the past seven years and is looking forward to supporting this customer for many years to come.

"We are very pleased that the RAN continues to demonstrate its commitment to our technology and that they have elected to further our relationship with L3", said Walter Purio, president and CEO. "The ongoing confidence that the Australian Navy demonstrates in our company and its products paves the way for a long and mutually beneficial relationship with one of our company's many top tier naval customers."