OSI Systems Receives $4 Million Order for Electronic Sub-Assemblies
HAWTHORNE, Calif. -- 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 an order for approximately $4 million from ITT Corporation for electronic sub-assemblies. The electronic sub-assemblies are expected to be used by the U.S. Department of Defense ("DoD") in their Mine Resistant Ambush Protected ("MRAP") armored vehicle program.
OSI Systems Chief Executive Officer, Deepak Chopra stated, "As a supplier to ITT on a critical DoD program that helps protect troops in the field, we have clearly demonstrated our abilities as a strong partner throughout the program lifecycle. We are pleased to continue our efforts."
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
SOURCE: OSI Systems, Inc.
OSI Systems, Inc.
Jeremy Norton
Vice President, Investor Relations
310-349-2372
jnorton@osi-systems.com
OSI Systems, Inc
12525 Chadron Avenue ,
Hawthorne, CA 90250
