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John Jacobson News

17 Oct 2001

Canadian Navy Orders Systems from Offshore Systems International

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.

25 Sep 2003

Offshore Systems Awarded New Geomatics Contracts

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.

08 Jan 2004

OSI Wins Royal Navy Deal

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.

04 Mar 2004

OSI Gets Australian Navy Contract

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.

11 Jan 2002

Offshore Systems's Electronic Navigation System Meets DoD’s Standards

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…

14 Jan 2002

OSI, MSI Join Forces for Navy Training

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.

22 May 2002

Offshore Systems Continues to Receive New Orders

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…

09 Oct 2000

OSI Validation Vastly Expands Markets

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.

20 Jun 2002

Coast Guard Places New Orders with Offshore Systems

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.

17 Jul 2002

Offshore Systems International’s ECPINS® Receive Type Approval

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.

11 Mar 2005

OSI Buys Mapcon Mapping Consultants

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.

12 Jul 2005

OSI to Acquire Defense Contracting Company

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.

07 Sep 1999

Offshore Systems International Awarded Contract

John Jacobson, president and CEO of Offshore Systems International Ltd. announced the award of a $700,000 contract to deliver a radar display and tracking system to the Canadian Coast Guard for the new Marine Communication and Traffic Services Centre in Vancouver. This system will consist of three Offshore Systems radar displays and radar data processors, communications equipment, precise network timeserver and a full complement of spare equipment to provide a world-class solution for the Canadian Coast Guard. Offshore will provide project management, software engineering, systems engineering, documentation, integration, quality assurance, commissioning and training services.

20 Feb 2002

OSI Continues to Receive New Orders For First Quarter

Offshore Systems International Ltd. (OSI) announced that it continures to receive new orders in its fiscal first quarter which ends February 28, 2001. Since announcing a major new order in December, Offshore has received $1.1 million in additional new orders bringing the total new business booked to date in the fiscal first quarter to $1.7 million. The new orders are from three of Offshore Systems’ key customers – the Royal Danish Navy, the U.S. Coast Guard and the U.S. Navy, and are for products to be delivered later in 2002. The orders are for Offshore’s proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services.

18 Jun 2003

Furuno to Collaborate with OSI to Produce Navigation Systems

Offshore Systems International Ltd. (OSI) announced that its systems division, has signed a multi-year agreement with Furuno Electric Company Ltd. With the agreement, the two companies will work together to produce an electronic ship navigation system which Furuno will sell and service through its world-wide dealer network. "Furuno is a marine electronics leader with great products and huge reach," said John Jacobson, President and CEO of OSI. "Offshore is strong in the military market. The new system is expected to be launched later in 2003. Furuno will distribute the system under the Furuno brand name, and OSI will receive a license fee for each system sold.

28 Apr 2003

OSI and Kelvin Hughes Collaborate

Offshore Systems International Ltd. (OSI) announced that its systems division, Offshore Systems Ltd. (OSL), has entered into an agreement with Kelvin Hughes Limited, part of Smith Marine Systems, to jointly pursue opportunities to supply electronic navigation systems to military customers. With an initial focus on the UK, the companies will offer navigation systems compliant to the NATO Warship Electronic Chart Display and Information System standard, referred to in the industry as "WECDIS". Jacobson, President and CEO of OSI. perspective,". said Henry Schaefer, Kelvin Hughes' Naval Business Director.

24 Aug 2005

OSI, Raytheon Team for IBS Opportunities

Offshore Systems International Ltd. ('IBS') market. new destroyers being built for the Royal Navy in the United Kingdom. solutions going forward," said John Jacobson, President and CEO. option to increase to 12 vessels. and Australia. US$75 million annually. market increase dramatically for us," said Jacobson.

05 Oct 2005

OSI Provides Update on Acquisition

Offshore Systems International Ltd. definitive agreements for the transaction. letter of intent to purchase the target company on July 11, 2005. "The process is going very well," said President and CEO John Jacobson. Jacobson said that this is a very complicated acquisition. OSI's revenue and employee base. the United States, is a supplier of technology and services to the U.S. Department of Defense and key defense prime contractors.

27 Oct 2005

OSI Wins Navy Deal

Offshore Systems International Ltd. class submarine fleet. Australian submarine fleet to $1 million. $600,000 contract for other specialized components for the Collins submarines. Jacobson, President and CEO.

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