Offshore Systems Wins Royal New Zealand Navy Contract

May 29, 2003

Offshore Systems Ltd., has signed a contract with the Royal New Zealand Navy. The contract, valued at over $730,227 with all options exercised, will see Offshore’s proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System Military) deployed across the navy’s entire fleet. The contract brings the number of navies to standardize on ECPINS-M to three: the Royal New Zealand Navy, the Canadian Navy, and the Royal Danish Navy. Offshore continues to pursue opportunities to supply international military customers with its warship navigation software. The company recently announced that it is also collaborating with Kelvin Hughes Limited of the UK to jointly pursue more defense contracts.

Offshore Systems Wins Royal New Zealand Navy Contract

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