OSI Receives Orders for Canadian and Danish Navies

Thursday, April 24, 2003
Offshore Systems International Ltd. (OSI) announced that its systems division, Offshore Systems Ltd. (OSL), has received follow-on orders from the Canadian and the Danish navies worth $980,461. The orders are for additional services, equipment, and upgrades related to the navies' fleet-wide deployment of Offshore's proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System - Military). The orders stem from two initial agreements announced in 2001. In August 2001, the Royal Danish Navy committed to equipping its fleet with ECPINS-M. In November 2001, the Canadian Navy chose to deploy ECPINS-M on its supply ships, destroyers, maritime coastal defense vessels, and the new Victoria Class submarines. The Canadian Navy has made ECPINS-M the standard electronic navigation system on all its ships. More recently, OSL announced a contract with the Canadian Navy to enhance ECPINS-M with specialized features for submarine navigation.

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