OSI Geospatial signs U.S. military contracts valued at US$1.5 million

OTTAWA, CANADA--(Marketwire - Sept. 11, 2008) - OSI Geospatial Inc. (TSX:OSI) announced today its U.S. Systems Operations has signed two contracts with the U.S. Military valued at approximately US$1.5 million in total. Under the terms of the contracts, the company will further develop and enhance its advanced training technology to meet future U.S. Military requirements.

"We continue to make solid progress in the development of our training technology for military applications," said Ken Kirkpatrick, president and CEO of OSI Geospatial."I am confident that we can build on this work with the U.S. military to create future business opportunities in both the U.S. and Canada."

About OSI Geospatial

OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange. For additional information please visit www.osigeospatial.com.