Offshore Systems Continues to Receive New Orders

Wednesday, May 22, 2002
Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced that it has received $850,000 in new orders from the U. S. Coast Guard. These new orders are for Offshore's proprietary ECPINS(R)-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services. "Offshore Systems continues to expand its strong business relationship with the U.S. Coast Guard," said John Jacobson, President and CEO of the company. "The Coast Guard has been a key customer for the last eight years, and its demanding requirements have driven our product development programs to produce some of the most sophisticated electronic charting technology in the world." "We are particularly proud that the Coast Guard is expanding its utilization of Offshore's technology into new applications. The Coast Guard has a front-line responsibility for Homeland Defense to protect U.S. ports and waterways, and they have announced substantial plans for upgrading and expanding their fleet and resources," Jacobson added.

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