Offshore Systems International Ltd News

Offshore Systems International Ltd., a niche military contractor headquartered in Vancouver, Canada, announced that the Canadian Navy placed a new order for ECPINS Systems worth more tha $300,000 to Offshore to support urgent operational requirements on board Navy ships deploying as part of Canada’s contribution to the international war on terrorism. “The Canadian Navy is one of Offshore’s long-time customers and supporters, and we’re proud to be part of this important mission,” said John Jacobson, President and Chief Executive Officer of Offshore Systems. “These systems are our latest technology, and will provide navigational capabilities for the Navy that are the best in the world.

Offshore Systems International Ltd. (OSI) announced that its nautical charting and land-mapping division, OSI Geomatics, has received new orders worth more than CDN$1,500,000. The group of orders span the end of the company's third quarter and the beginning of the fourth quarter. "Our data production division continues to make excellent progress," said John Jacobson, OSI's President and CEO, "and we're pleased with its growing contribution to OSI's overall business. Our navigation systems business has a number of major quotes outstanding for ECPINS products to both commercial and military customers. The Geomatics contracts are for electronic nautical charting and digital land-mapping services for a combination of government, military, and private customers.

Offshore Systems International Ltd. said that its Navigation Systems unit has been selected for a major fleet-wide contract with the Royal Navy. OSI, as part of a successful teaming arrangement with Lockheed Martin UK and Kelvin Hughes Ltd., will begin to deliver ECPINS-M software to the Royal Navy fleet in mid-2004. The initial purchases total approximately CDN $3 million. The total contract value, including long term support and options for auxiliary systems and software development is approximately CDN $17.5 million. "Winning this contract is a significant milestone in the growth of our company," said John Jacobson, President and CEO of OSI. "The Royal Navy's selection has validated years of development work and reinforced our approach to this market.

Offshore Systems International Ltd. (OSI) announced that its teaming partner, Nautronix Ltd., has signed the final prime contract to supply the Royal Australian Navy with a fleet installation of OSI's ECPINS-MTM electronic chart navigation system. "We announced our selection by the Royal Australian Navy this past July, and we are pleased that the complex technical evaluations and prime contract negotiations are now fully complete," said John Jacobson, President and CEO of OSI. "This procurement further expands our track record in the naval market, and it will significantly improve the Royal Australian Navy's ability to operate jointly with NATO-member navies. We would like to thank our Australia-based partners, Nautronix Ltd.

Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced that its proprietary Electronic Chart Precise Integrated Navigation System (ECPINS(R)-M) has been re-validated to meet the latest published chart data and display library standards by the National Imagery and Mapping Agency (NIMA) of the U.S. Department of Defense for Direct Read of NIMA Digital Nautical Charts (DNC). DNC is the official electronic chart data used by the U.S. Navy. In addition to DNC, ECPINS-M also displays a number of other specialized military navigation charts that are required for the U.S. Navy's ECDIS-N (Electronic Chart Display Instrumentation Systems-Navy) program…

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.

Offshore Systems International Ltd. and MarineSafety International signed a Memorandum of Agreement to offer ECDIS-N (Electronic Chart Display Instrumentation Systems-Navy) training to the U.S. Navy. Under the agreement, MarineSafety has purchased Offshore System's proprietary Electronic Chart Precise Integrated Navigation System (ECPINS-M) for installation at MarineSafety's three training facilities. Offshore Systems will install ECPINS in classrooms and on the full-mission bridge simulators at MarineSafety's ship-handling training centers located on U.S. Navy bases in Norfolk and San Diego, and at MarineSafety's training center in Newport, Rhode Island. Using ECPINS as part of its U.S.

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…

Offshore Systems International Ltd. - a leader in electronic charts and positioning systems for the maritime industry -- announced that Offshore's Electronic Chart Precise Integrated Navigation System (ECPINS) has been validated by the National Imagery and Mapping Agency (NIMA) of the U.S. Department of Defense for "proper and complete" display of NIMA Digital Nautical Chart (DNC) in Vector Product Format (VPF). DNC is the official electronic chart used by the U.S. Navy. Earlier this year, NIMA completed digitization of the worldwide DNC coverage required by the United States Navy for military use. The Canadian Department of National Defense (DND) requires the capability to operate with DNC charts, and initiated the development and test program with Offshore.

Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced today that it has received $1.4 million in new orders from the U.S. Coast Guard. The orders are for additional Offshore proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System-Military) systems as well as system upgrades. "The order for system upgrades adds ECPINS, a full range of electronic chart data handling to the U.S. Coast Guard’s ECPINS®-equipped buoy-tending vessels, said John Jacobson, President and CEO of Offshore Systems. The order for new systems completes initial installation of ECPINS® on the Coast Guard’s two Polar-class icebreakers.

Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced today that it has received Type Approval of its ECPINS® product line as an International Maritime Organization standard Electronic Chart Display and Information Systems (ECDIS). product ECPINS®-M,. said John Jacobson, President and CEO of the company. “While the world’s navies are exempt from the international conventions governing navigation equipment for commercial vessels, our naval customers chose to work with us to gain ECDIS Type Approval for their highly specialized ECPINS®-M systems. navigation tool and with unequaled data-handling capability wrapped up in a Type Approved package.

Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced that it has completed the installation of its latest ECPINS-M system aboard Lockheed Martin's Sea SLICE advanced technology demonstration vessel. Developed by the United States Navy Office of Naval Research and the Naval Electronics & Surveillance Systems division of Lockheed Martin, Sea SLICE will be participating in the United States Navy's Fleet Battle Experiment - Juliet this summer. The U.S. Navy's Fleet Battle Experiments are underway-exercises designed to evaluate new technology and new operational concepts for future development and deployment.

Offshore Systems International Ltd signed the subcontract agreement to supply ECPINS® electronic navigation systems to the Portuguese Navy. The contract is valued at approximately $580 million. OSI's partner in Portugal and the prime contractor for the installation is SICOM - Sistemas de Comunições, Lda, of Lisbon, Portugal.

Offshore Systems International Ltd. Consultants Inc. of Salt Lake City, Utah. with a solid position in the U.S. data production) market. US$50,000 in common shares of OSI at market price. a number of conditions, including the execution of a definitive agreement. transaction is expected to close within thirty days. shares by OSI to the Mapcon shareholders is subject to acceptance by the TSX. fast-growing U.S. market," said John Jacobson, OSI president and CEO. annually. ranks third highest for population growth rate in the United States. services. business unit," said Jacobson. relationship, having successfully partnered on several previous projects. said Jacobson. 22 per cent of OSI's revenue in fiscal 2004. governments, and engineering companies.

Offshore Systems International Ltd. said its Navigation Systems business has been awarded a CDN$800,000 contract for the Royal New Zealand Navy's Project Protector naval shipbuilding program. Tenix Defence Pty Ltd. is prime contractor for the construction of seven new ships. The contract is to supply and install ECPINS(R) 4000 (Electronic Chart Precise Integrated Navigation System) on all seven new ships.

Offshore Systems International Ltd. acquire a United States defense contracting company. employee base. is a supplier of technology and services to the U.S. key defense prime contractors. acquisitions," said President and CEO, John Jacobson. "We also said the U.S. market was a key target. business. historically lower revenue variability than OSI's navigation business. This newest announcement closely follows the company's first U.S. Utah. the company's rapid growth. significant potential. immediately. regulatory approval.

Offshore Systems International Ltd. (OSI) announced it has been awarded by L-3 Communications Marine Systems a contract valued at approximately $1.8m for the development and integration of its Common Operational Picture product for a U.S. Navy program. "With today's award, we achieve an important milestone in the company's history and deliver on a key strategic goal for 2006 - a significant U.S. Navy contract," said Ken Kirkpatrick, president and CEO of OSI. "This development demonstrates our ability to gain meaningful access to the U.S. defense market, which was a key factor in our two U.S.-based acquisitions done last year. We believe today's award opens the door to many future opportunities with the U.S.

Offshore Systems International Ltd. (OSI) has been awarded a contract worth $1.1M including all options with the United States Office of Naval Research (ONR). Under the terms of the contract, the company will build a software solution designed to emulate human decision-making and problem-solving skills. The system to be developed, called Situation And Threat Updates for Real Net-centric teams (SATURN), is based on a model of how humans perform analytic and perceptual problems. The development will address a number of high-level interpretation or information fusion problems that currently require human analysts to correctly interpret situations in the environment to make accurate predictions.

Offshore Systems International Ltd. has received orders from Marinette Marine Corp. Shipyard for ECPINS systems for USCG Sea Going Buoy Tender WLB hulls 6 and 7 with an option for an additional nine systems through the year 2003. In addition, Offshore's wholly-owned U.S. subsidiary, Offshore Systems International Inc., has been selected by the USCG and Bollinger Shipyard to provide the Yokogawa EML500HV1 Electromagnetic Speed Log for the new USCG Coastal Patrol Boat (CPB) Program. The company has received orders for the first 13 CPB ship sets with an option for an additional 37 CPB ship sets over the next two years. The total value of the committed business is approximately $1,000,000 with the potential for significant new orders based on the options under the two contracts.

Offshore Systems International Ltd. has been awarded a $1.2 million contract to supply the Royal Australian Navy with immediate delivery of OSI's most advanced electronic warship navigation systems ('WECDIS'). This is a follow-on order to the $8 million subcontract OSI signed with its teaming partner, Nautronix, in March 2004 when OSI became fleet supplier to the Royal Australian Navy for electronic chart navigation systems.

Offshore Systems International Ltd. has won new contracts for more than $341,467to immediately additional Royal Danish Navy ships with electronic chart navigation systems. OSI won its first open international win and major NATO contract outside of Canada in August 2001 with the Royal Danish Navy. In each year since the initial contract, OSI has received follow-on orders for additional services, upgrades or new equipment from the Navy.

Offshore Systems International Ltd. has been awarded mapping contracts totaling more than C$1.7 million in its fiscal fourth quarter ended November 30, 2005. This total includes the C$420,000 prime contract with Lake Havasu City Public Works Department announced on October 13, 2005. Mapcon creates and distributes geographical data products for federal, state, county, and city government customers around the world. OSI acquired Mapcon of Salt Lake City, Utah, in April 2005. Contracts awarded since the close of the Mapcon acquisition have totaled nearly C$3.5 million.

Offshore Systems International Ltd. CHI Systems Inc. mission success, and cost effectiveness of its clients. unaudited revenue of approximately US$12 million. the U.S. Projects Agency (DARPA); Northrop Grumman; General Dynamics; and BAE Systems. issuance of 1,067,975 OSI common shares. 2005 press release announcing the signing of a formal agreement. profitability throughout its history. quarter ending February 28.