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MSI and OSI Will Provide Training To USN

Maritime Activity Reports, Inc.

January 17, 2002

MarineSafety International (MSI), a long-time naval training and research company, and Offshore Systems International Ltd. (TSE: OSI), a marine electronic navigation company with a strong defense niche, announced today the signing of a Memorandum of Agreement to offer ECDIS-N (Electronic Chart Display Instrumentation Systems-Navy) training to the U.S. Navy. Under the agreement, MSI has purchased OSI's proprietary Electronic Chart Precise Integrated Navigation System (ECPINS*-M) for installation at MSI's three training facilities.

OSI will install ECPINS in classrooms and on the full-mission bridge simulators at MSI's ship-handling training centers located on U.S. Navy bases in Norfolk and San Diego, and at MSI's training center in Newport, Rhode Island. Using ECPINS as part of its U.S. Navy Certified training courses, MSI will provide training to Navy crews using a system that meets the U.S. Navy's ECDIS-N standard. MSI will add ECPINS-M systems to its current USCG approved five day Electronic Chart Navigation (ECDIS) course and the ECPINS-M system will be integrated into the simulators used in existing ship-handling courses offered by MSI. Additionally, a new one-day ECPINS Introduction course will be available to new ECPINS users.

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