OSI Systems Awarded $3.5 Million Contract for Patient Monitoring & Connectivity Solutions

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 its Healthcare division, Spacelabs Healthcare, has been awarded an approximate $3.5 million contract from a Minnesota healthcare system. Spacelabs' unique patient monitoring and networking solutions are expected to help create a virtual ICU, allowing the centralized, real-time monitoring of patients' vital signs from multiple care centers across the hospital's wide area network.

"ICU staff at one central monitoring room of the main hospital will have real-time access to the vital signs and alarms of patients at five rural facilities," said Deepak Chopra, OSI Systems CEO. "This is a model for major healthcare institutions everywhere, in optimizing resources to improve patient outcomes."

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 30 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems, Inc. or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development




OSI Systems, Inc.

OSI Systems, Inc.

12525 Chadron Avenue , Hawthorne, CA 90250

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