oN Sunday, April 21, 1991 ~ North Shore News - 45 SunLife Trust. MEMBER CANADA DEPOSED INSLIGANCE CORPORATION MEMBER SUMLUIFE GHOLIP OF ¢ ANTES NV marine company finalizes plans for navigation system NORTH VANCOUVER-based Offshore Systems Ltd. (OSE) is Poised fo enter the real-world testing phise of its revolutionary new marine Navigation system, Michael Becker GRSP © interest Compounsed Annually Cac. interest Paid Anrually of Compounded Arnualty 9% 19% % Ask about our O70 Best Rate Mortgage * Rates subject to change without notice. oN Clint Shaddock Regional Sales Manager a a ore aie er ecerener ess By ROBERT AND ANN 985-8231 VAN OEVEREN aa Re REALTORS SECOND MORTGAGE SOLUTION If you have your mind seton have to pay an extra charge. the purchase of real estate butdo = There will also be clauses about not have enough cash to meet late charges required if you don’t the full price and down payment make your payments on time on the first mortgage, there isa and clauses protecting the lender solution. Second mortgages are trom your damaging the proper- also available and nothing to be ty or tearing it down. So it’s im- afraid of. The owner may agree portant to read the fine print to take your promissory note and understand what it means. and mortgage for the balance. Your agent is fainiliar with This mortgage is usually for a these many clauses and can be smaller amount, and a shorter helpful in assisting you to term than the conventional understand them. HIGH TECH The VME-PINS system, install- ed in a 50-feot OSL R&D vessel moored in North Vancouver, ifs the full-color, high-resolution future of how mariners will see their ship’s position as if moves through water. Explains Ross Greenall, OSL project manager, “A pilot has a visual of exactly where he is. The system will tell him how close he is from groundings, how close he is to charted danger points. He'll use the system to pilot and aid him in poor visibility.’" Radar overlay is a critical cora- ponent of the system, ol oe 1 alignment morigage. wositionint is eotnect or not It But no matter what kind of Pos = corres mortgate you arrange, be very aha your radar image is not matching NEWS photo Mike Wakefietd your chart image with respect to . . soe where your buildings are and OFFSHORE SYSTEMS Lid. CEO Sia Vojdari displays the VME- where the shoreline is, you can tell PINS marine navigation system. The positioning technology in a second that your positioning combines electronic charts and radar to help ~ariners avoid is wrong or not. groundings and dock collisions. “Right now there are nro systems in place dike tis with those of other manufacturers; and — enabling technologies to make an respect to charting. There are ex- engineering service: AUV work. tensive systems on the market in The company is negotiating a Said OSL CED Sia Vojdani, terms of collision avoidance $3-million contrace ‘or the sale of Spirit is a very good program as radar,”’ he said. 20 of the VME-PINS systems for far as R&D for us. We'll test all Bur marine coliisions account: a 14-year on-board ship trial run these technologies to see if they for fewer accidents than groun- by the federal government. Tf work. Then the next step would dings. The VME-PINS system can testing is successful, OSL plans to be te vo fo a company fo see if it clear about its terms and condi- tions. Many mortgages contain If there is anything we can do prepayment penalties, which to help you in the field of real means that if you decide to pay estate, please phone us at Roya! off the mortgage in advance, you LePage, 985-823! or 925-9486. Time is Running Out... Make Business Management Your First Choice help to prevent groundings and dock collisions. Over the years, Offshore has developed four basic technologies: display systems technology such as that incorporated in VME-PINS; positioning expertise with patented shore-based radar reflectors (RANAYV); electronic data (mapp- ing) for systems like PINS and Sponsored by: become a alajor producer of the technology. Meanwhile on the R&D side, OSL is involved in the SPIRIT Subsea Systems Ine. consortium formed to Cevelop an autonomous underwater vehicle (AUV), Eight B.C. companies — mn- cluding North | Vancouver-based Can-Dive — are developing the NORTH VANCOUVER CHAMBER OF COMMERCE Business After Business Thursday, April 25, 5:00-7:30 p.m. North Shore Winter Club, 1325 East Keith Rd. $5 members / $7 quests & prospective members Phone: 987-4488 VANCOUVER WHARVES LID. can make an AUV according to our specifications."* Offshore’s expertise will come into play tor SPIRIT in two key areas — positioning and display technologies. Said Greenall, “Both are likely to come to bear with the mother ship equipment rather than the submersible tfselt."* L CAPILANO COLLEGE 2055 Purcell Way « North Vancouver « B.C. Wednesday, April 24, 7 p.m. in Room H-501 Time is running out! Our two-year full-time Business Management Diploma Programs start this September. Start your career planning now. Attend the information meeting to find out more about haw you can become job ready for tomorrow's marketplace. Our grads get jobs. Our programs include: * Accounting/Financial Management * Administrative Management Marketing Management * Business Computing Co-op © International Business (§ monitis) Merchandising Management Information will also be avaiable on our accelerated 10-month Dipioma Programs applicable to several of the ahove areas of study, staring in July 1994, Limited spaces avaiable. Apelicauions tor enrolment in these programs are now Demy accepted. Call Business Management at 984-4960 and let us know that you are coming.