OSI Systems Enters New Credit Facility

  
    
  
  
    
      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 it has entered 
      into a new credit facility arranged by Wachovia Bank for approximately 
      $90 million replacing the Company’s previous 
      $67 million domestic credit facility. The new credit facility is 
      composed of an approximate $45 million term loan and an approximate $45 
      million revolving line of credit with the ability to increase the 
      overall facility to $100 million.
    
    
      In addition to the new facility, several of the Company’s 
      foreign subsidiaries maintain independent bank lines-of-credit, 
      denominated in local currencies. Availability of borrowings is 
      determined by certain calculations based on customary factors.
    
    
      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.
    
    
      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. 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, amend or clarify these 
      forward-looking statements.