OSI Geospatial Signs $4 Million Mapping Contract

OTTAWA, April 28 /CNW Telbec/ - OSI Geospatial Inc. (TSX: OSI) announced today that its Mapping Operations has been awarded a contract valued at approximately $4.0 million. Under the terms of the contract, the Company will provide digital mapping production services to the customer over the next 12 to 18 months.

"We are very pleased with the progress that our mapping business is making this year, as we have now secured close to $8 million in contracts in the first five months of our fiscal year," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "This success positions our mapping operations for solid growth in 2010."

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.

Forward-Looking Statements

This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI Geospatial's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI Geospatial's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

Copyright (C) 2010 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. iGEN is a registered trademark of CHI Systems Inc., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and may be either trademarks, service marks or registered trademarks of their respective owners. Data subject to change without notice.

For further information: Sandra Oneschuk, Investor Relations, [phone] or 1-888-880-9797, [phone] (FAX), [email protected]