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Gold/Mining/Energy : Offshore Systems International (TSE - OSI) -- Ignore unavailable to you. Want to Upgrade?

To: Cumbrian who wrote (374)	10/15/1999 3:26:00 PM
From: Richard Cushnie	Read Replies (2) \| Respond to of 490

Offshore's electronic chart selected by Canadian Navy Offshore Systems International Ltd OSI Shares issued 22,661,493 Oct 14 close $0.38 Fri 15 Oct 99 News Release Mr. John Jacobson reports Offshore Systems International has been informed by the Department of National Defence (DND) that the company's electronic chart navigation system is being used by the Canadian Navy to support peacekeeping operations in East Timor. DND will be deploying a special rugged portable version of ECPINS (electronic chart precise integrated navigation system) originally developed for coastal defence and patrol. The system was first used at the 1997 APEC conference in Vancouver, then further expanded and enhanced earlier this year. The system consists of a portable base station and a number of mobile transponders and DGPS units. The base station ECPINS acts as a command post, monitoring patrol vessels in motion. Offshore's ECPINS technology continues to be used in important missions around the world. The list includes the 1995 tracking and capture of a Spanish fishing trawler inside Canada's 200-mile limit off the coast of Newfoundland; the search and discovery of the TWA Flight 800 airliner crashed off the coast of New York in 1996; the security and monitoring of vessel and personnel movement at the 1997 APEC conference in Vancouver, which was attended by numerous world leaders and hundreds of VIPs; and the search and discovery of the JFK Jr. aircraft in 1999. Offshore is very pleased and proud that ECPINS has been chosen in the past for critical-missions and now has been selected for Canada's peacekeeping mission in East Timor. ECDIS has been referred to as the most important advance in marine navigation since the introduction of radar approximately 50 years ago. This is because the system tracks a vessel's position relative to surrounding fixed and moving objects within a few metres of accuracy in real time. The system's graphical display enables the crew to navigate safely and economically. Shipping organizations around the world, both government and commercial, are recognizing that ECPINS is the solution to their precision positioning and navigation needs around the world. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com