OSI Systems Receives Follow-On Order from EDO Corporation for $5.8 Million
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HAWTHORNE, Calif. - January 15, 2008 - OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries announces today that its Optoelectronics and Manufacturing division has received a follow-on order from EDO Corporation for approximately $5.8 million.
Under the terms of the contract, OSI's Optoelectronics and Manufacturing division will deliver electronic sub-assemblies to be used by EDO in its "CREW 2.1" vehicle-mounted electronic jammer systems currently under contract for ultimate delivery to the U.S. Department of Defense.
Mr. Deepak Chopra, President and Chief Executive Officer of OSI Systems, stated, "We continue to work closely with EDO on this critical U.S. Government contract. This contract award comes after recently being honored by EDO as their Outstanding Supplier for Electronic Manufacturing Services in 2007."
About OSI Systems, Inc.
OSI Systems, Inc. and its subsidiaries 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. The Company 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 subsidiaries, visit www.osi-systems.com.
