$750,000 upgrade

OSI Geospatial Inc. signs a OSI-logo-126X76.JPGUS$750,000 contract to provide the Danish Navy with an upgraded version of its warship navigation software. “Repeat business is very important to our company and we consistently receive approximately 15-20% annually of the original contract value from all of our customers,” says CEO Ken Kirkpatrick. “The Danish Navy has been a customer since early 2002 and including this contract, we have now secured close to $10-million of business with this very important customer.” Denmark is one of eight navies worldwide using OSI’s navigation system.

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