OSI Geospatial Signs Software Upgrade Contract with the Danish Navy

OTTAWA, Nov. 29 /CNW/ - OSI Geospatial Inc. (TSX: OSI) ("OSI Geospatial") announced today that its International Systems Operations has signed a contract valued at approximately $300,000. Under the terms of this contract, OSI Geospatial will deliver its latest version of COP-IDS® software, and expects to recognize the revenue from this contract in the fourth quarter of 2010.

"We have been providing our products and services to this customer since 2001. The Danish Navy was one of the company's first customers and one of the first navies to embrace electronic navigation for warships," said Ken Kirkpatrick, President and CEO. "We value our long-term business relationship with this important customer, and we are confident that our business will continue to expand."

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 © 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
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