Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Gofer who wrote (3857)	9/26/2001 4:57:07 PM
From: Al Collard	Respond to of 11802

Gofer, news out on your pick OSI-t: Offshore to pursue Australian electronic chart business Wed 26 Sept 2001 News Release Mr. John Jacobson reports Offshore Systems has reached an agreement with Nautronix Ltd. of Fremantle, Western Australia, to form a commercial team to pursue a potential electronic chart business in Australia. Under the terms of the agreement, Nautronix and Offshore will combine their capabilities to provide a system solution targeted at the Royal Australian Navy's emerging electronic chart requirements. "We're delighted to be working with Nautronix," said John Jacobson, president and chief executive officer of Offshore Systems. "Successful international marketing is about creating a winning team to pursue emerging opportunities. Nautronix understands the Royal Australian Navy's needs, and provides a solid in-country base to work from. Offshore will provide the highly specialized military electronic chart technology, and together we can offer a system solution that meets the customers needs." Mr. Jacobson went on to say, "Nautronix and Offshore are both significant suppliers to the U.S. Coast Guard Buoy Tender program, so we're not strangers when it comes to working on successful programs together." About Nautronix Nautronix has 14 offices in four countries and employs approximately 300 people globally. The technology division is the core activity of the Nautronix group. The company services two major market segments -- offshore oil and gas, and defence. Technologies developed by Nautronix are integrated into a range of products and systems including dynamic positioning systems, vessel control systems, underwater acoustic systems, subsea communication systems and submarine ranging systems. Nautronix is listed on the Australian Stock Exchange, and reported revenues for the year ended June, 2001, of $93-million (Australian), or approximately $75-million (Canadian).