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OSI Systems Receives $4.5 Million in Orders for Electronic Sub-Assemblies

Dépèche transmise le 21 avril 2011 par Business Wire

OSI Systems Receives $4.5 Million in Orders for Electronic Sub-Assemblies

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that OSI Electronics, a business within its Optoelectronic and Manufacturing division, has received orders valued at approximately $4.5 million to supply electronic sub-assemblies to two major OEM’s. One of the OEM’s is a leading provider of earthquake monitoring solutions and the other is a leader in the digital imaging industry.

“OSI is proud to support these major players with critical hardware sub-assemblies that are part of solutions focused on people safety and improving the overall quality of life globally.”

OSI Systems Chief Executive Officer, Deepak Chopra stated, “OSI is proud to support these major players with critical hardware sub-assemblies that are part of solutions focused on people safety and improving the overall quality of life globally.”

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has more than 30 years of experience in electronics engineering and manufacturing and maintains offices and production facilities located in more than a dozen countries. It implements a strategy of expansion by leveraging its electronics and contract manufacturing capabilities into selective end product markets through organic growth and acquisitions. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the company's expectations, goals or intentions about the future, including, the Company's contracts. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in the Securities and Exchange Commission filings OSI Systems, Inc. All forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.